Taxes on international trade in Trinidad and Tobago
Trinidad and Tobago: Taxes on international trade was 6.0% 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 % of revenue.
Analysis
The most recent figure for taxes on international trade in Trinidad and Tobago is 6.0%, measured in 2019.
That represents a change of up 4.6% on the previous year and up 36.0% over ten years.
Over the whole period, taxes on international trade in Trinidad and Tobago peaked at 6.5% in 2017 and was at its lowest, 3.7%, in 2008.
Trinidad and Tobago ranks 59th of 154 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 international trade in Trinidad and Tobago, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2001 | 5.4% | — |
| 2002 | 5.8% | +7.4% |
| 2003 | 5.6% | -4.0% |
| 2004 | 5.7% | +1.1% |
| 2005 | 4.8% | -15.8% |
| 2006 | 4.6% | -4.6% |
| 2007 | 4.8% | +5.6% |
| 2008 | 3.7% | -22.7% |
| 2009 | 4.4% | +18.2% |
| 2010 | 4.1% | -6.8% |
| 2011 | 4.6% | +12.6% |
| 2012 | 4.4% | -3.6% |
| 2013 | 4.6% | +3.8% |
| 2014 | 4.6% | -0.1% |
| 2015 | 4.9% | +6.5% |
| 2016 | 5.4% | +10.7% |
| 2017 | 6.5% | +19.2% |
| 2018 | 5.7% | -11.7% |
| 2019 | 6.0% | +4.6% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 6.0% is above the median for high income countries, which is 0.4%, 13.4× the median. (55 countries reporting)
- Trinidad and Tobago's 6.0% is above the median for Latin America & Caribbean, which is 4.7%, 1.3× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.0% | 3.7% | 5.8% | 9 |
| 2010s | 5.1% | 4.1% | 6.5% | 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)
- 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)
- Elected parliament, 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)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is taxes on international trade in Trinidad and Tobago?
- Taxes on international trade in Trinidad and Tobago was 6.0% 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 6.5% in 2017.
- What is the lowest taxes on international trade recorded in Trinidad and Tobago?
- The lowest recorded value was 3.7% in 2008.
- How does Trinidad and Tobago rank for taxes on international trade?
- Trinidad and Tobago ranks 59th out of 154 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 36.0%. 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 (% of revenue). 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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.