Trinidad and Tobago's social contributions (current LCU) was 4.7 billion in 2019, the latest year in the World Bank's World Development Indicators. That is up 80.22% from 2.61 billion in 2009 (6.07% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 4.7 billion | 2019 |
| Five years earlier | 3.82 billion | 2014 |
| Ten years earlier | 2.61 billion | 2009 |
| Highest | 4.74 billion | 2016 |
| Lowest | 51.8 million | 1976 |
| Average since 2010 | 3.98 billion | 2010–2019 |
| First recorded | 51.8 million |
What the numbers say
In 2019, Trinidad and Tobago's social contributions (current LCU) fell 0.6% on 2018 (from 4.73 billion to 4.7 billion).
Across the 20 yearly changes before that (1977 to 2018), the average change was +16.8% and a typical year strayed about 28.5% from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 132.2% in 1981 and the biggest yearly fall was 7.3% in 2017. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2010 to 2019 the straight-line trend is upward, about 252.03 million a year. A straight line explains 89% of the movement over 9 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
What this measures
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
All 24 values
| Year | Social contributions (current LCU) |
|---|---|
| 2019 | 4,700,800,000 |
| 2018 | 4,730,300,000 |
| 2017 | 4,398,400,000 |
| 2016 | 4,743,900,000 |
| 2015 | 4,302,200,000 |
| 2014 | 3,823,000,000 |
| 2013 | 3,436,900,000 |
| 2012 | 2,981,600,000 |
| 2011 | no data |
| 2010 | 2,702,200,000 |
| 2009 |
Social contributions (current LCU) in nearby economies
- Argentina — 29.54 trillion (2024)
- Barbados — 239,182 (2016)
- Belize — 597,387 (2016)
- Brazil — 698.49 billion (2024)
- Chile — 3.69 trillion (2024)
- Colombia — 100.48 trillion (2024)
- Costa Rica — 4.93 trillion (2024)
- Dominican Republic — 52.8 billion (2024)
- Ecuador — 5.77 billion (2022)
- El Salvador — 947 million (2024)
- Guatemala
More public sector data for Trinidad and Tobago
- Military expenditure (current USD) — 229.9 million (2025)
- Military expenditure (current LCU) — 1.56 billion (2025)
- Military expenditure (% of GDP) — 0.94% (2025)
- Armed forces personnel, total — 5,000 (2020)
- Armed forces personnel (% of total labor force) — 0.77% (2020)
- Military expenditure (% of general government expenditure) — 2.54% (2025)
- Grants and other revenue (current LCU) — 7.21 billion (2019)
- Grants and other revenue (% of revenue) — 18.74% (2019)
- Revenue, excluding grants (current LCU) — 38.48 billion (2019)
Reading data like this
Questions people ask
- What is Trinidad and Tobago's social contributions (current LCU)?
- 4.7 billion in 2019, according to the World Bank (World Development Indicators).
- How has it changed since 1976?
- It is up 8,975% from 51.8 million in 1976 (11.05% a year on average, compounded). The highest value was 4.74 billion in 2016 and the lowest 51.8 million in 1976.
- Is the latest change in social contributions (current LCU) unusual for Trinidad and Tobago?
- In 2019, Trinidad and Tobago's social contributions (current LCU) fell 0.6% on 2018 (from 4.73 billion to 4.7 billion). Across the 20 yearly changes before that (1977 to 2018), the average change was +16.8% and a typical year strayed about 28.5% from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
- Where does this data come from?
- The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
Source
World Bank, World Development Indicators, indicator GC.REV.SOCL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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