Taxes on international trade in Trinidad and Tobago
Trinidad and Tobago: Taxes on international trade was 2.30 billion current LCU in 2019. ▲ Rising
Taxes on international trade 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 international trade in Trinidad and Tobago stood at 2.30 billion current LCU.
Compared with earlier readings it is down 15.8% on the previous year and up 25.8% over ten years.
Over the whole period, taxes on international trade in Trinidad and Tobago peaked at 3.02 billion current LCU in 2017 and was at its lowest, 812.50 million current LCU, in 2001.
That places Trinidad and Tobago 92nd out of 155 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Taxes on international trade in Trinidad and Tobago, year by year
| Year | current LCU | Change |
|---|---|---|
| 2001 | 812.50 million current LCU | — |
| 2002 | 855.40 million current LCU | +5.3% |
| 2003 | 1.02 billion current LCU | +19.5% |
| 2004 | 1.24 billion current LCU | +21.3% |
| 2005 | 1.47 billion current LCU | +18.8% |
| 2006 | 1.84 billion current LCU | +24.6% |
| 2007 | 2.01 billion current LCU | +9.3% |
| 2008 | 2.19 billion current LCU | +9.4% |
| 2009 | 1.83 billion current LCU | -16.7% |
| 2010 | 1.91 billion current LCU | +4.2% |
| 2011 | 2.17 billion current LCU | +13.8% |
| 2012 | 2.32 billion current LCU | +7.0% |
| 2013 | 2.59 billion current LCU | +11.6% |
| 2014 | 2.86 billion current LCU | +10.6% |
| 2015 | 3.01 billion current LCU | +5.3% |
| 2016 | 2.67 billion current LCU | -11.3% |
| 2017 | 3.02 billion current LCU | +12.9% |
| 2018 | 2.73 billion current LCU | -9.4% |
| 2019 | 2.30 billion current LCU | -15.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.47 billion current LCU | 812.50 million current LCU | 2.19 billion current LCU | 9 |
| 2010s | 2.56 billion current LCU | 1.91 billion current LCU | 3.02 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 international trade in Trinidad and Tobago?
- Taxes on international trade in Trinidad and Tobago was 2.30 billion current LCU in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Trinidad and Tobago?
- The highest recorded value was 3.02 billion current LCU in 2017.
- What is the lowest taxes on international trade recorded in Trinidad and Tobago?
- The lowest recorded value was 812.50 million current LCU in 2001.
- How does Trinidad and Tobago rank for taxes on international trade?
- Trinidad and Tobago ranks 92nd out of 155 countries with data for 2019.
- Is taxes on international trade rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 25.8%. 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 international trade (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
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. 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.