Trinidad and Tobago - Tax revenue
Tax revenue (current LCU)
The value for Tax revenue (current LCU) in Trinidad and Tobago was 32,143,700,000 as of 2018. As the graph below shows, over the past 42 years this indicator reached a maximum value of 51,689,400,000 in 2008 and a minimum value of 1,802,100,000 in 1976.
Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
| Year | Value |
|---|---|
| 1976 | 1,802,100,000 |
| 1977 | 2,457,300,000 |
| 1978 | 2,458,000,000 |
| 1979 | 3,223,400,000 |
| 1980 | 5,335,500,000 |
| 1981 | 5,847,200,000 |
| 2001 | 12,168,300,000 |
| 2002 | 11,514,400,000 |
| 2003 | 15,160,100,000 |
| 2004 | 18,424,500,000 |
| 2005 | 26,558,600,000 |
| 2006 | 35,084,000,000 |
| 2007 | 35,601,200,000 |
| 2008 | 51,689,400,000 |
| 2009 | 32,536,600,000 |
| 2010 | 37,074,400,000 |
| 2011 | 41,801,300,000 |
| 2012 | 43,568,900,000 |
| 2013 | 44,641,600,000 |
| 2014 | 47,286,600,000 |
| 2015 | 42,298,100,000 |
| 2016 | 29,732,700,000 |
| 2017 | 29,732,700,000 |
| 2018 | 32,143,700,000 |
Tax revenue (% of GDP)
Tax revenue (% of GDP) in Trinidad and Tobago was 20.05 as of 2018. Its highest value over the past 42 years was 35.65 in 1980, while its lowest value was 19.59 in 2017.
Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.
See also:
| Year | Value |
|---|---|
| 1976 | 29.59 |
| 1977 | 32.62 |
| 1978 | 28.75 |
| 1979 | 29.18 |
| 1980 | 35.65 |
| 1981 | 34.84 |
| 2001 | 22.12 |
| 2002 | 20.46 |
| 2003 | 21.30 |
| 2004 | 22.03 |
| 2005 | 26.38 |
| 2006 | 30.26 |
| 2007 | 26.00 |
| 2008 | 29.49 |
| 2009 | 26.83 |
| 2010 | 26.24 |
| 2011 | 25.64 |
| 2012 | 26.30 |
| 2013 | 25.41 |
| 2014 | 26.72 |
| 2015 | 26.57 |
| 2016 | 19.92 |
| 2017 | 19.59 |
| 2018 | 20.05 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
