Trinidad and Tobago's taxes less subsidies on products (current US$) was US$1.38 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 50.81% from US$917.32 million in 2014 (4.19% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$1.38 billion | 2024 |
| Five years earlier | US$880.56 million | 2019 |
| Ten years earlier | US$917.32 million | 2014 |
| Highest | US$1.38 billion | 2024 |
| Lowest | US$0 | 1960 |
| Average since 2015 | US$1.04 billion | 2015–2024 |
| First recorded | US$0 |
What the numbers say
In 2024, Trinidad and Tobago's taxes less subsidies on products (current US$) rose US$300.41 million on 2023 (from US$1.08 billion to US$1.38 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +US$30.48 million and a typical year strayed about US$181.54 million from that (the standard deviation). This year's change was 1.5 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was US$385.11 million in 2023 and the biggest yearly fall was US$556.25 million in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 4% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Trinidad and Tobago had the 11th highest value of the 30 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Trinidad and Tobago in the 2024 ranking
- Bolivia — 7th of 30: US$3.6 billion
- West Bank and Gaza — 8th of 30: US$2.89 billion
- Bahamas, The — 9th of 30: US$1.95 billion
- Papua New Guinea — 11th of 30: US$1.38 billion
- Tajikistan — 12th of 30: US$1.34 billion
- Afghanistan — 13th of 30: US$1.07 billion
What this measures
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 56 values
| Year | Taxes less subsidies on products (current US$) |
|---|---|
| 2024 | 1,383,415,369 |
| 2023 | 1,083,002,852 |
| 2022 | 697,892,889 |
| 2021 | 1,254,138,148 |
| 2020 | 1,058,346,750 |
| 2019 | 880,560,195 |
| 2018 | 971,240,960 |
| 2017 | 846,175,610 |
| 2016 | 972,525,115 |
| 2015 | 1,235,639,509 |
Taxes less subsidies on products (current US$) in nearby economies
- Antigua and Barbuda — US$273.11 million (2025)
- Argentina — US$105.47 billion (2025)
- Aruba — US$481.16 million (2023)
- Bahamas, The — US$1.95 billion (2024)
- Barbados — US$833.4 million (2025)
- Belize — US$481.82 million (2024)
- Bolivia — US$3.6 billion (2024)
- Brazil — US$319.76 billion (2025)
- Cayman Islands — US$416.41 million (2024)
- Chile
More economic policy & debt data for Trinidad and Tobago
- Total reserves, including gold (current US$) — US$5.37 billion (2025)
- Total reserves, excluding gold (current US$) — US$5.1 billion (2025)
- GDP (current US$) — US$25.94 billion (2025)
- GDP (current LCU) — 175.08 billion (2025)
- GDP (constant 2015 US$) — US$22.15 billion (2025)
- GDP (constant LCU) — 153.7 billion (2025)
- GDP per capita (current US$) — US$18,967 (2025)
- GDP per capita (current LCU) — 128,006 (2025)
- GDP per capita (constant 2015 US$) — US$16,191 (2025)
- GDP per capita (constant LCU)
Reading data like this
Questions people ask
- What is Trinidad and Tobago's taxes less subsidies on products (current US$)?
- US$1.38 billion in 2024, according to the World Bank (World Development Indicators).
- How does Trinidad and Tobago rank?
- 11th highest of 30 economies with data for 2024.
- Is the latest change in taxes less subsidies on products (current US$) unusual for Trinidad and Tobago?
- In 2024, Trinidad and Tobago's taxes less subsidies on products (current US$) rose US$300.41 million on 2023 (from US$1.08 billion to US$1.38 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +US$30.48 million and a typical year strayed about US$181.54 million from that (the standard deviation). This year's change was 1.5 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
- Where does this data come from?
Source
World Bank, World Development Indicators, indicator NY.TAX.NIND.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in