Trinidad and Tobago - Ease of doing business

New business density (new registrations per 1,000 people ages 15-64)

New business density (new registrations per 1,000 people ages 15-64) in Trinidad and Tobago was 4.54 as of 2020. Its highest value over the past 14 years was 5.41 in 2015, while its lowest value was 2.87 in 2009.

Definition: New businesses registered are the number of new limited liability corporations registered in the calendar year.

Source: World Bank's Entrepreneurship Survey and database (http://www.doingbusiness.org/data/exploretopics/entrepreneurship).

See also:

Year Value
2006 3.69
2007 3.78
2008 3.71
2009 2.87
2010 3.58
2011 4.05
2012 3.63
2013 4.56
2014 4.91
2015 5.41
2016 4.54
2017 4.05
2018 4.30
2019 4.71
2020 4.54

Time to obtain an electrical connection (days)

Definition: The average wait, in days, experienced to obtain an electrical connection from the day an establishment applies for it to the day it receives the service.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 18.80

Power outages in firms in a typical month (number)

Definition: Power outages are the average number of power outages that establishments experience in a typical month.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 0.500

Firms experiencing electrical outages (% of firms)

Definition: Percent of firms experiencing electrical outages during the previous fiscal year.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 65.70

Time required to get electricity (days)

The value for Time required to get electricity (days) in Trinidad and Tobago was 61.00 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 61.00 in 2019 and a minimum value of 61.00 in 2009.

Definition: Time required to get electricity is the number of days to obtain a permanent electricity connection. The measure captures the median duration that the electricity utility and experts indicate is necessary in practice, rather than required by law, to complete a procedure.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2009 61.00
2010 61.00
2011 61.00
2012 61.00
2013 61.00
2014 61.00
2015 61.00
2016 61.00
2017 61.00
2018 61.00
2019 61.00

Firms visited or required meetings with tax officials (% of firms)

Definition: Percent of firms that were visited or required to meet with tax officials.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 42.30

Firms that spend on R&D (% of firms)

Definition: Percent of firms that spend on research and development.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 12.40

Firms experiencing losses due to theft and vandalism (% of firms)

Definition: Percent of firms experiencing losses due to theft, robbery, vandalism or arson that occurred on the establishment's premises.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 28.30

Firms expected to give gifts in meetings with tax officials (% of firms)

Definition: Firms expected to give gifts in meetings with tax officials is the percentage of firms that answered positively to the question "was a gift or informal payment expected or requested during a meeting with tax officials?"

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 5.50

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in Trinidad and Tobago was 9.40 as of 2019. Its highest value over the past 14 years was 9.40 in 2019, while its lowest value was 7.60 in 2013.

Definition: Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 8.30
2006 8.30
2007 8.30
2008 8.30
2009 8.30
2010 8.30
2011 8.30
2012 8.30
2013 7.60
2014 8.20
2015 8.50
2016 8.50
2017 9.40
2018 9.40
2019 9.40

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in Trinidad and Tobago was 5.30 as of 2019. Its highest value over the past 14 years was 5.80 in 2010, while its lowest value was 1.80 in 2011.

Definition: Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 5.80
2006 5.80
2007 5.80
2008 5.80
2009 5.80
2010 5.80
2011 1.80
2012 1.80
2013 1.80
2014 1.80
2015 1.80
2016 1.80
2017 5.30
2018 5.30
2019 5.30

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in Trinidad and Tobago was 25.80 as of 2019. Its highest value over the past 14 years was 25.80 in 2019, while its lowest value was 21.00 in 2007.

Definition: Profit tax is the amount of taxes on profits paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 25.20
2006 25.20
2007 21.00
2008 22.20
2009 22.20
2010 21.00
2011 21.00
2012 21.00
2013 22.10
2014 22.00
2015 21.90
2016 21.80
2017 21.50
2018 25.00
2019 25.80

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment