Subsidies and other transfers in Trinidad and Tobago
Trinidad and Tobago: Subsidies and other transfers was 17.90 billion current LCU in 2019. ▲ Rising
Subsidies and other transfers in Trinidad and Tobago, 2001–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2019, subsidies and other transfers in Trinidad and Tobago stood at 17.90 billion current LCU.
The figure is up 5.6% on the previous year and down 0.6% over ten years.
Over the whole period, subsidies and other transfers in Trinidad and Tobago peaked at 26.18 billion current LCU in 2014 and was at its lowest, 3.81 billion current LCU, in 2001.
Trinidad and Tobago ranks 106th of 153 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
Subsidies and other transfers in Trinidad and Tobago, year by year
| Year | current LCU | Change |
|---|---|---|
| 2001 | 3.81 billion current LCU | — |
| 2002 | 4.13 billion current LCU | +8.5% |
| 2003 | 4.66 billion current LCU | +12.7% |
| 2004 | 6.60 billion current LCU | +41.6% |
| 2005 | 8.44 billion current LCU | +27.9% |
| 2006 | 12.38 billion current LCU | +46.7% |
| 2007 | 13.51 billion current LCU | +9.1% |
| 2008 | 17.38 billion current LCU | +28.7% |
| 2009 | 18.01 billion current LCU | +3.6% |
| 2010 | 18.15 billion current LCU | +0.8% |
| 2012 | 20.30 billion current LCU | +11.8% |
| 2013 | 23.25 billion current LCU | +14.5% |
| 2014 | 26.18 billion current LCU | +12.6% |
| 2015 | 23.94 billion current LCU | -8.6% |
| 2016 | 17.60 billion current LCU | -26.5% |
| 2017 | 20.42 billion current LCU | +16.0% |
| 2018 | 16.96 billion current LCU | -16.9% |
| 2019 | 17.90 billion current LCU | +5.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.88 billion current LCU | 3.81 billion current LCU | 18.01 billion current LCU | 9 |
| 2010s | 20.52 billion current LCU | 16.96 billion current LCU | 26.18 billion current LCU | 9 |
Countries ranked near Trinidad and Tobago
More public sector data for Trinidad and Tobago
- Arms imports 32.00 million SIPRI trend indicator values (2021)
- Arms imports (SIPRI trend indicator values), per capita 23.4 SIPRI trend indicator values per person (2021)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0013 SIPRI trend indicator values per US$ of GDP (2021)
- Arms imports (SIPRI trend indicator values), annual growth rate -34.78 % change on previous year (2016)
- Arms imports (SIPRI trend indicator values), gaps filled 32.00 million SIPRI trend indicator values (2021)
- Military expenditure (current USD), per capita 171.41 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0091 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -3.6 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 234.54 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 6,238 SIPRI trend indicator values per square kilometre (2021)
Frequently asked questions
- What is subsidies and other transfers in Trinidad and Tobago?
- Subsidies and other transfers in Trinidad and Tobago was 17.90 billion current LCU in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Trinidad and Tobago?
- The highest recorded value was 26.18 billion current LCU in 2014.
- What is the lowest subsidies and other transfers recorded in Trinidad and Tobago?
- The lowest recorded value was 3.81 billion current LCU in 2001.
- How does Trinidad and Tobago rank for subsidies and other transfers?
- Trinidad and Tobago ranks 106th out of 153 countries with data for 2019.
- Is subsidies and other transfers rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 0.6%. The long-run trend across the full record is rising.
- Where does this Trinidad and Tobago data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Subsidies and other transfers (current LCU). Statizoid updates them automatically from the source API.
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About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.