Trinidad and Tobago—Taxes on Income, Profits & Capital Gains (% of rev)
Latest Value
26.1%
2019
YoY Change
-8.4%
2018 → 2019
Maximum
64.3%
2011
Minimum
22.5%
2017
CAGR
-1.7%
19 years
Last
26.1%
Previous
28.5%
Highest
64.3%
Lowest
22.5%
Source
World Bank World Development Indicators
Trinidad and Tobago's taxes on income, profits & capital gains (% of rev) was 26.1% in 2019. This represents a -8.4% change from 2018. Over the past 19 years, the highest recorded value was 64.3% (2011) and the lowest was 22.5% (2017). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2019 | 26.1% | -8.4% |
| 2018 | 28.5% | +26.8% |
| 2017 | 22.5% | -32.5% |
| 2016 | 33.3% | -9.1% |
| 2015 | 36.6% | -24.4% |
| 2014 | 48.5% | -0.3% |
| 2013 | 48.6% | -8.2% |
| 2012 | 53.0% | -17.6% |
| 2011 | 64.3% | +29.6% |
| 2010 | 49.6% | +4.5% |
| 2009 | 47.5% | -24.4% |
| 2008 | 62.8% | +9.6% |
| 2007 | 57.3% | -5.0% |
| 2006 | 60.3% | +16.8% |
| 2005 | 51.6% | +23.2% |
| 2004 | 41.9% | +2.0% |
| 2003 | 41.1% | +53.9% |
| 2002 | 26.7% | -25.1% |
| 2001 | 35.6% |
Top Countries — Taxes on Income, Profits & Capital Gains (% of rev)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Australia | 67.9% | 2022 |
| 2 | Papua New Guinea | 59.2% | 2023 |
| 3 | New Zealand | 56.7% | 2024 |
| 4 | United States | 56.3% | 2024 |
| 5 | Canada | 53.9% | 2024 |
| 6 | Denmark | 51.4% | 2024 |
| 7 | South Africa | 48.0% | 2023 |
| 8 | Malaysia | 47.6% | 2024 |
| 9 | Ireland | 45.2% | 2024 |
| 10 | Malta | 41.7% | 2024 |
About This Indicator
Definition
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. 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).