Subsidies and other transfers in Trinidad and Tobago
Trinidad and Tobago: Subsidies and other transfers was 33.9% 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 % of expense.
Analysis
The most recent figure for subsidies and other transfers in Trinidad and Tobago is 33.9%, measured in 2019.
That represents a change of up 1.3% on the previous year and down 24.7% over ten years.
Over the whole period, subsidies and other transfers in Trinidad and Tobago peaked at 45.0% in 2009 and was at its lowest, 29.0%, in 2001.
Trinidad and Tobago ranks 91st of 152 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 | % of expense | Change |
|---|---|---|
| 2001 | 29.0% | — |
| 2002 | 29.5% | +1.6% |
| 2003 | 29.6% | +0.4% |
| 2004 | 34.9% | +17.7% |
| 2005 | 37.0% | +6.1% |
| 2006 | 36.2% | -2.2% |
| 2007 | 40.2% | +11.2% |
| 2008 | 37.5% | -6.7% |
| 2009 | 45.0% | +19.9% |
| 2010 | 41.9% | -7.0% |
| 2012 | 40.8% | -2.6% |
| 2013 | 42.9% | +5.2% |
| 2014 | 44.6% | +3.9% |
| 2015 | 41.7% | -6.5% |
| 2016 | 33.4% | -19.8% |
| 2017 | 38.2% | +14.4% |
| 2018 | 33.4% | -12.6% |
| 2019 | 33.9% | +1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 35.4% | 29.0% | 45.0% | 9 |
| 2010s | 39.0% | 33.4% | 44.6% | 9 |
Countries ranked near Trinidad and Tobago
- 88 Bangladesh 34.1% compare
- 89 Fiji 34.1% compare
- 90 Madagascar 33.9% compare
- 92 Namibia 33.1% compare
- 93 Saint Kitts and Nevis 33.0% compare
- 94 Congo 32.9% compare
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 33.9% 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 45.0% in 2009.
- What is the lowest subsidies and other transfers recorded in Trinidad and Tobago?
- The lowest recorded value was 29.0% in 2001.
- How does Trinidad and Tobago rank for subsidies and other transfers?
- Trinidad and Tobago ranks 91st out of 152 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 24.7%. 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 (% of expense). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.