Trinidad and Tobago—Tax Revenue (% of GDP)
Latest Value
16.8%
2019
YoY Change
-15.7%
2018 → 2019
Maximum
30.3%
2006
Minimum
16.8%
2019
CAGR
-1.5%
19 years
Last
16.8%
Previous
19.9%
Highest
30.3%
Lowest
16.8%
Source
World Bank World Development Indicators
Trinidad and Tobago's tax revenue (% of GDP) was 16.8% in 2019. This represents a -15.7% change from 2018. Over the past 19 years, the highest recorded value was 30.3% (2006) and the lowest was 16.8% (2019). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2019 | 16.8% | -15.7% |
| 2018 | 19.9% | +8.0% |
| 2017 | 18.4% | -14.0% |
| 2016 | 21.4% | -13.4% |
| 2015 | 24.7% | -1.3% |
| 2014 | 25.0% | +3.2% |
| 2013 | 24.3% | -2.8% |
| 2012 | 25.0% | -2.7% |
| 2011 | 25.6% | -2.3% |
| 2010 | 26.2% | -2.2% |
| 2009 | 26.8% | -9.0% |
| 2008 | 29.5% | +13.4% |
| 2007 | 26.0% | -14.1% |
| 2006 | 30.3% | +14.7% |
| 2005 | 26.4% | +19.8% |
| 2004 | 22.0% | +3.4% |
| 2003 | 21.3% | +4.1% |
| 2002 | 20.5% | -7.5% |
| 2001 | 22.1% |
Top Countries — Tax Revenue (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Lesotho | 37.3% | 2024 |
| 2 | Denmark | 33.4% | 2024 |
| 3 | Namibia | 33.0% | 2023 |
| 4 | New Zealand | 29.7% | 2024 |
| 5 | Luxembourg | 28.6% | 2024 |
| 6 | Greece | 27.4% | 2024 |
| 7 | Sweden | 27.3% | 2024 |
| 8 | United Kingdom | 27.0% | 2024 |
| 9 | Austria | 25.8% | 2024 |
| 10 | Italy | 25.6% | 2024 |
About This Indicator
Definition
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).