Trinidad and Tobago—Government Expense (% of GDP)
Trinidad and Tobago's government expense (% of GDP) was 33.3% in 2019. This represents a +6.3% change from 2018. Over the past 19 years, the highest recorded value was 33.5% (2015) and the lowest was 22.1% (2003). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2019 | 33.3% | +6.3% |
| 2018 | 31.4% | -5.1% |
| 2017 | 33.0% | -1.1% |
| 2016 | 33.4% | -0.4% |
| 2015 | 33.5% | +7.9% |
| 2014 | 31.1% | +5.6% |
| 2013 | 29.4% | +3.2% |
| 2012 | 28.5% | +4.4% |
| 2011 | 27.3% | -11.0% |
| 2010 | 30.7% | -7.0% |
| 2009 | 33.0% | +24.9% |
| 2008 | 26.4% | +7.8% |
| 2007 | 24.5% | -16.9% |
| 2006 | 29.5% | +30.3% |
| 2005 | 22.7% | +0.2% |
| 2004 | 22.6% | +2.3% |
| 2003 | 22.1% | -11.2% |
| 2002 | 24.9% | +4.4% |
| 2001 | 23.9% |
Top Countries — Government Expense (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Naoero | 103.6% | 2020 |
| 2 | Kiribati | 83.7% | 2023 |
| 3 | Ukraine | 65.6% | 2023 |
| 4 | Marshall Islands | 59.4% | 2020 |
| 5 | Palau | 59.0% | 2020 |
| 6 | Timor-Leste | 52.5% | 2022 |
| 7 | Greece | 47.3% | 2023 |
| 8 | Italy | 47.3% | 2023 |
| 9 | France | 47.3% | 2023 |
| 10 | Austria | 46.0% | 2023 |
About This Indicator
Definition
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Methodology
Original contributors: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD)
Unit
% of GDP