Trinidad and Tobago—Taxes on Goods & Services (% of revenue)
Category: Fiscal & MonetarySource: World Bank World Development Indicators
Latest Value
20.8%
2019
YoY Change
+12.9%
2018 → 2019
Maximum
26.2%
2002
Minimum
11.9%
2014
CAGR
-0.6%
19 years
Last
20.8%
Previous
18.5%
Highest
26.2%
Lowest
11.9%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2019 | 20.8% | +12.9% |
| 2018 | 18.5% | -1.3% |
| 2017 | 18.7% | +25.5% |
| 2016 | 14.9% | +2.8% |
| 2015 | 14.5% | +21.9% |
| 2014 | 11.9% | -19.6% |
| 2013 | 14.8% | -2.6% |
| 2012 | 15.2% | +5.7% |
| 2011 | 14.4% | -10.2% |
| 2010 | 16.0% | +3.4% |
| 2009 | 15.5% | +18.2% |
| 2008 | 13.1% | -10.3% |
| 2007 | 14.6% | +10.4% |
| 2006 | 13.2% | -11.2% |
| 2005 | 14.9% | -29.0% |
| 2004 | 21.0% | +6.5% |
| 2003 | 19.7% | -24.9% |
| 2002 | 26.2% | +12.8% |
| 2001 | 23.2% |
Top Countries — Taxes on Goods & Services (% of revenue)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Macao SAR, China | 71.7% | 2023 |
| 2 | Bahamas, The | 57.1% | 2023 |
| 3 | Lao PDR | 53.9% | 2022 |
| 4 | Mauritius | 53.3% | 2024 |
| 5 | Guatemala | 51.5% | 2023 |
| 6 | Armenia | 48.2% | 2024 |
| 7 | Dominican Republic | 47.9% | 2024 |
| 8 | Croatia | 47.1% | 2023 |
| 9 | Nicaragua | 46.5% | 2023 |
| 10 | Burundi | 46.4% | 2021 |
About This Indicator
Definition
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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
Source: World Bank - World Development IndicatorsView original source →