Taxes on income, profits and capital gains in Trinidad and Tobago
Trinidad and Tobago: Taxes on income, profits and capital gains was 10.04 billion current LCU in 2019. ▲ Rising
Taxes on income, profits and capital gains in Trinidad and Tobago, 2001–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Trinidad and Tobago recorded 10.04 billion current LCU for taxes on income, profits and capital gains in 2019.
Compared with earlier readings it is down 26.3% on the previous year and down 49.2% over ten years.
Over the whole period, taxes on income, profits and capital gains in Trinidad and Tobago peaked at 37.05 billion current LCU in 2008 and was at its lowest, 3.91 billion current LCU, in 2002.
Trinidad and Tobago ranks 109th of 153 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Taxes on income, profits and capital gains in Trinidad and Tobago, year by year
| Year | current LCU | Change |
|---|---|---|
| 2001 | 5.32 billion current LCU | — |
| 2002 | 3.91 billion current LCU | -26.5% |
| 2003 | 7.49 billion current LCU | +91.5% |
| 2004 | 9.17 billion current LCU | +22.4% |
| 2005 | 15.94 billion current LCU | +73.8% |
| 2006 | 24.31 billion current LCU | +52.5% |
| 2007 | 23.89 billion current LCU | -1.7% |
| 2008 | 37.05 billion current LCU | +55.1% |
| 2009 | 19.75 billion current LCU | -46.7% |
| 2010 | 23.07 billion current LCU | +16.8% |
| 2011 | 30.23 billion current LCU | +31.0% |
| 2012 | 27.67 billion current LCU | -8.5% |
| 2013 | 27.30 billion current LCU | -1.3% |
| 2014 | 30.13 billion current LCU | +10.4% |
| 2015 | 22.53 billion current LCU | -25.2% |
| 2016 | 16.39 billion current LCU | -27.3% |
| 2017 | 10.48 billion current LCU | -36.0% |
| 2018 | 13.63 billion current LCU | +30.0% |
| 2019 | 10.04 billion current LCU | -26.3% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 10.04 billion current LCU is below the median for high income countries, which is 52.92 billion current LCU, 19% of the median. (55 countries reporting)
- Trinidad and Tobago's 10.04 billion current LCU is below the median for Latin America & Caribbean, which is 46.49 billion current LCU, 22% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.31 billion current LCU | 3.91 billion current LCU | 37.05 billion current LCU | 9 |
| 2010s | 21.15 billion current LCU | 10.04 billion current LCU | 30.23 billion current LCU | 10 |
Countries ranked near Trinidad and Tobago
- 106 Macau, China 10.81 billion current LCU compare
- 107 Slovakia 10.42 billion current LCU compare
- 108 Georgia 10.37 billion current LCU compare
- 110 Cape Verde 9.96 billion current LCU compare
- 111 Azerbaijan 8.63 billion current LCU compare
- 112 Lithuania 8.34 billion current LCU 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 income, profits and capital gains in Trinidad and Tobago?
- Taxes on income, profits and capital gains in Trinidad and Tobago was 10.04 billion current LCU in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Trinidad and Tobago?
- The highest recorded value was 37.05 billion current LCU in 2008.
- What is the lowest taxes on income, profits and capital gains recorded in Trinidad and Tobago?
- The lowest recorded value was 3.91 billion current LCU in 2002.
- How does Trinidad and Tobago rank for taxes on income, profits and capital gains?
- Trinidad and Tobago ranks 109th out of 153 countries with data for 2019.
- Is taxes on income, profits and capital gains rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 49.2%. 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 income, profits and capital gains (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. 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.