Taxes on goods and services (current LCU), per unit of GDP in Trinidad and Tobago
Trinidad and Tobago: Taxes on goods and services (current LCU), per unit of GDP was 0.3417 current LCU per US$ of GDP in 2019. ▼ Falling
Taxes on goods and services (current LCU), per unit of GDP in Trinidad and Tobago, 2001–2019
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for taxes on goods and services (current lcu), per unit of gdp in Trinidad and Tobago is 0.3417 current LCU per US$ of GDP, measured in 2019.
Compared with earlier readings it is down 7.5% on the previous year and up 1.9% over ten years.
Over the whole period, taxes on goods and services (current lcu), per unit of gdp in Trinidad and Tobago peaked at 0.4263 current LCU per US$ of GDP in 2002 and was at its lowest, 0.2505 current LCU per US$ of GDP, in 2014.
Trinidad and Tobago ranks 95th of 157 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Taxes on goods and services (current LCU), per unit of GDP in Trinidad and Tobago, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 2001 | 0.3933 current LCU per US$ of GDP | — |
| 2002 | 0.4263 current LCU per US$ of GDP | +8.4% |
| 2003 | 0.3174 current LCU per US$ of GDP | -25.5% |
| 2004 | 0.3452 current LCU per US$ of GDP | +8.7% |
| 2005 | 0.2871 current LCU per US$ of GDP | -16.8% |
| 2006 | 0.2899 current LCU per US$ of GDP | +1.0% |
| 2007 | 0.281 current LCU per US$ of GDP | -3.1% |
| 2008 | 0.2769 current LCU per US$ of GDP | -1.5% |
| 2009 | 0.3353 current LCU per US$ of GDP | +21.1% |
| 2010 | 0.3356 current LCU per US$ of GDP | +0.1% |
| 2011 | 0.2655 current LCU per US$ of GDP | -20.9% |
| 2012 | 0.2919 current LCU per US$ of GDP | +9.9% |
| 2013 | 0.2904 current LCU per US$ of GDP | -0.5% |
| 2014 | 0.2505 current LCU per US$ of GDP | -13.7% |
| 2015 | 0.3317 current LCU per US$ of GDP | +32.4% |
| 2016 | 0.3103 current LCU per US$ of GDP | -6.5% |
| 2017 | 0.3657 current LCU per US$ of GDP | +17.9% |
| 2018 | 0.3695 current LCU per US$ of GDP | +1.0% |
| 2019 | 0.3417 current LCU per US$ of GDP | -7.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.328 current LCU per US$ of GDP | 0.2769 current LCU per US$ of GDP | 0.4263 current LCU per US$ of GDP | 9 |
| 2010s | 0.3153 current LCU per US$ of GDP | 0.2505 current LCU per US$ of GDP | 0.3695 current LCU per US$ of GDP | 10 |
Countries ranked near Trinidad and Tobago
- 92 Egypt 0.4268 current LCU per US$ of GDP compare
- 93 Israel 0.3908 current LCU per US$ of GDP compare
- 94 Georgia 0.3502 current LCU per US$ of GDP compare
- 96 Tonga 0.3309 current LCU per US$ of GDP compare
- 97 Saint Vincent and the Grenadines 0.3147 current LCU per US$ of GDP compare
- 98 China 0.3037 current LCU per US$ of GDP 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 taxes on goods and services (current lcu), per unit of gdp in Trinidad and Tobago?
- Taxes on goods and services (current lcu), per unit of gdp in Trinidad and Tobago was 0.3417 current LCU per US$ of GDP in 2019, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), per unit of gdp recorded in Trinidad and Tobago?
- The highest recorded value was 0.4263 current LCU per US$ of GDP in 2002.
- What is the lowest taxes on goods and services (current lcu), per unit of gdp recorded in Trinidad and Tobago?
- The lowest recorded value was 0.2505 current LCU per US$ of GDP in 2014.
- How does Trinidad and Tobago rank for taxes on goods and services (current lcu), per unit of gdp?
- Trinidad and Tobago ranks 95th out of 157 countries with data for 2019.
- Is taxes on goods and services (current lcu), per unit of gdp rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 1.9%. The long-run trend across the full record is falling.
- Where does this Trinidad and Tobago data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes on goods and services (current LCU) ÷ GDP (current US$)
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.