Tax revenue (current LCU) in Trinidad and Tobago
Trinidad and Tobago: Tax revenue (current LCU) was 26.57 billion current LCU in 2019. ◆ Volatile
Tax revenue in Trinidad and Tobago, 1976–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for tax revenue in Trinidad and Tobago is 26.57 billion current LCU, measured in 2019.
That represents a change of down 17.3% on the previous year and down 18.3% over ten years.
Over the whole period, tax revenue in Trinidad and Tobago peaked at 51.69 billion current LCU in 2008 and was at its lowest, 1.80 billion current LCU, in 1976.
Trinidad and Tobago ranks 108th of 157 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Tax revenue (current LCU) in Trinidad and Tobago, year by year
| Year | current LCU | Change |
|---|---|---|
| 1976 | 1.80 billion current LCU | — |
| 1977 | 2.46 billion current LCU | +36.4% |
| 1978 | 2.46 billion current LCU | +0.0% |
| 1979 | 3.22 billion current LCU | +31.1% |
| 1980 | 5.34 billion current LCU | +65.5% |
| 1981 | 5.85 billion current LCU | +9.6% |
| 2001 | 12.17 billion current LCU | +108.1% |
| 2002 | 11.51 billion current LCU | -5.4% |
| 2003 | 15.16 billion current LCU | +31.7% |
| 2004 | 18.42 billion current LCU | +21.5% |
| 2005 | 26.56 billion current LCU | +44.1% |
| 2006 | 35.08 billion current LCU | +32.1% |
| 2007 | 35.60 billion current LCU | +1.5% |
| 2008 | 51.69 billion current LCU | +45.2% |
| 2009 | 32.54 billion current LCU | -37.1% |
| 2010 | 37.07 billion current LCU | +13.9% |
| 2011 | 41.80 billion current LCU | +12.7% |
| 2012 | 43.57 billion current LCU | +4.2% |
| 2013 | 44.64 billion current LCU | +2.5% |
| 2014 | 47.29 billion current LCU | +5.9% |
| 2015 | 42.30 billion current LCU | -10.5% |
| 2016 | 33.71 billion current LCU | -20.3% |
| 2017 | 29.73 billion current LCU | -11.8% |
| 2018 | 32.14 billion current LCU | +8.1% |
| 2019 | 26.57 billion current LCU | -17.3% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 26.57 billion current LCU is below the median for high income countries, which is 103.80 billion current LCU, 26% of the median. (57 countries reporting)
- Trinidad and Tobago's 26.57 billion current LCU is below the median for Latin America & Caribbean, which is 102.16 billion current LCU, 26% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.49 billion current LCU | 1.80 billion current LCU | 3.22 billion current LCU | 4 |
| 1980s | 5.59 billion current LCU | 5.34 billion current LCU | 5.85 billion current LCU | 2 |
| 2000s | 26.53 billion current LCU | 11.51 billion current LCU | 51.69 billion current LCU | 9 |
| 2010s | 37.88 billion current LCU | 26.57 billion current LCU | 47.29 billion current LCU | 10 |
Countries ranked near Trinidad and Tobago
More public sector data for Trinidad and Tobago
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- 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)
Frequently asked questions
- What is tax revenue in Trinidad and Tobago?
- Tax revenue in Trinidad and Tobago was 26.57 billion current LCU in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Trinidad and Tobago?
- The highest recorded value was 51.69 billion current LCU in 2008.
- What is the lowest tax revenue recorded in Trinidad and Tobago?
- The lowest recorded value was 1.80 billion current LCU in 1976.
- How does Trinidad and Tobago rank for tax revenue?
- Trinidad and Tobago ranks 108th out of 157 countries with data for 2019.
- Is tax revenue rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 18.3%. The long-run trend across the full record is volatile.
- 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 Tax revenue (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.