Taxes on goods and services in Trinidad and Tobago
Trinidad and Tobago: Taxes on goods and services was 8.02 billion current LCU in 2019. ▲ Rising
Taxes on goods and services 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, taxes on goods and services in Trinidad and Tobago stood at 8.02 billion current LCU.
Compared with earlier readings it is down 9.1% on the previous year and up 24.8% over ten years.
Over the whole period, taxes on goods and services in Trinidad and Tobago peaked at 8.90 billion current LCU in 2015 and was at its lowest, 3.47 billion current LCU, in 2001.
That places Trinidad and Tobago 122nd out of 157 countries with data for 2019, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Taxes on goods and services in Trinidad and Tobago, year by year
| Year | current LCU | Change |
|---|---|---|
| 2001 | 3.47 billion current LCU | — |
| 2002 | 3.84 billion current LCU | +10.6% |
| 2003 | 3.59 billion current LCU | -6.5% |
| 2004 | 4.58 billion current LCU | +27.7% |
| 2005 | 4.59 billion current LCU | +0.1% |
| 2006 | 5.32 billion current LCU | +16.0% |
| 2007 | 6.08 billion current LCU | +14.2% |
| 2008 | 7.72 billion current LCU | +26.9% |
| 2009 | 6.43 billion current LCU | -16.7% |
| 2010 | 7.44 billion current LCU | +15.7% |
| 2011 | 6.75 billion current LCU | -9.2% |
| 2012 | 7.93 billion current LCU | +17.4% |
| 2013 | 8.29 billion current LCU | +4.7% |
| 2014 | 7.38 billion current LCU | -11.0% |
| 2015 | 8.90 billion current LCU | +20.6% |
| 2016 | 7.33 billion current LCU | -17.7% |
| 2017 | 8.72 billion current LCU | +18.9% |
| 2018 | 8.82 billion current LCU | +1.2% |
| 2019 | 8.02 billion current LCU | -9.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.07 billion current LCU | 3.47 billion current LCU | 7.72 billion current LCU | 9 |
| 2010s | 7.96 billion current LCU | 6.75 billion current LCU | 8.90 billion current LCU | 10 |
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 taxes on goods and services in Trinidad and Tobago?
- Taxes on goods and services in Trinidad and Tobago was 8.02 billion current LCU in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Trinidad and Tobago?
- The highest recorded value was 8.90 billion current LCU in 2015.
- What is the lowest taxes on goods and services recorded in Trinidad and Tobago?
- The lowest recorded value was 3.47 billion current LCU in 2001.
- How does Trinidad and Tobago rank for taxes on goods and services?
- Trinidad and Tobago ranks 122nd out of 157 countries with data for 2019.
- Is taxes on goods and services rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 24.8%. 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 Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.