Trinidad and Tobago's taxes on international trade (% of revenue) was 5.98% in 2019, the latest year in the World Bank's World Development Indicators. That is up 1.58 percentage points from 4.4% in 2009.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 5.98% | 2019 |
| Five years earlier | 4.6% | 2014 |
| Ten years earlier | 4.4% | 2009 |
| Highest | 6.47% | 2017 |
| Lowest | 3.72% | 2008 |
| Average since 2010 | 5.09% | 2010–2019 |
| First recorded | 5.44% | 2001 |
What the numbers say
In 2019, Trinidad and Tobago's taxes on international trade (% of revenue) rose 0.26 percentage points on 2018 (from 5.72% to 5.98%).
Across the 17 yearly changes before that (2002 to 2018), the average change was +0.02 percentage points and a typical year strayed about 0.57 percentage points from that (the standard deviation). This year's change was 0.4 standard deviations above 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 1.04 percentage points in 2017 and the biggest yearly fall was 1.09 percentage points in 2008. 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 0.23 percentage points a year. A straight line explains 80% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
See how every economy compares in the full ranking.
| Value | Year | |
|---|---|---|
| Trinidad and Tobago | 5.98% | 2019 |
| World | 3.75% | 2022 |
| Latin America & Caribbean | 3.6% | 2024 |
Closest to Trinidad and Tobago in the 2019 ranking
What this measures
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. 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.
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).
Regional and income-group figures are computed by the World Bank as a median.
All 19 values
| Year | Taxes on international trade (% of revenue) |
|---|---|
| 2019 | 5.98 |
| 2018 | 5.72 |
| 2017 | 6.47 |
| 2016 | 5.43 |
| 2015 | 4.9 |
| 2014 | 4.6 |
| 2013 | 4.61 |
| 2012 | 4.44 |
| 2011 | 4.61 |
| 2010 | 4.1 |
| 2009 |
Taxes on international trade (% of revenue) in nearby economies
- Argentina — 14.99% (2024)
- Bahamas, The — 23.63% (2024)
- Barbados — 8.57% (2016)
- Belize — 14.23% (2017)
- Brazil — 2.49% (2024)
- Chile — 0.99% (2024)
- Colombia — 1.41% (2024)
- Costa Rica — 3.96% (2024)
- Dominican Republic — 5.46% (2024)
- Ecuador — 6.4% (2022)
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 taxes on international trade (% of revenue)?
- 5.98% in 2019, according to the World Bank (World Development Indicators).
- How has it changed since 2001?
- It is up 0.54 percentage points from 5.44% in 2001. The highest value was 6.47% in 2017 and the lowest 3.72% in 2008.
- Is the latest change in taxes on international trade (% of revenue) unusual for Trinidad and Tobago?
- In 2019, Trinidad and Tobago's taxes on international trade (% of revenue) rose 0.26 percentage points on 2018 (from 5.72% to 5.98%). Across the 17 yearly changes before that (2002 to 2018), the average change was +0.02 percentage points and a typical year strayed about 0.57 percentage points from that (the standard deviation). This year's change was 0.4 standard deviations above 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?
Source
World Bank, World Development Indicators, indicator GC.TAX.INTT.RV.ZS, 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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