Trinidad and Tobago - Taxes on goods and services
Taxes on goods and services (current LCU)
The value for Taxes on goods and services (current LCU) in Trinidad and Tobago was 8,824,500,000 as of 2018. As the graph below shows, over the past 17 years this indicator reached a maximum value of 8,903,700,000 in 2015 and a minimum value of 3,471,200,000 in 2001.
Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
| Year | Value |
|---|---|
| 2001 | 3,471,200,000 |
| 2002 | 3,840,100,000 |
| 2003 | 3,588,800,000 |
| 2004 | 4,584,400,000 |
| 2005 | 4,588,900,000 |
| 2006 | 5,324,600,000 |
| 2007 | 6,080,300,000 |
| 2008 | 7,716,800,000 |
| 2009 | 6,429,000,000 |
| 2010 | 7,436,700,000 |
| 2011 | 6,753,400,000 |
| 2012 | 7,925,500,000 |
| 2013 | 8,295,000,000 |
| 2014 | 7,384,100,000 |
| 2015 | 8,903,700,000 |
| 2016 | 8,716,100,000 |
| 2017 | 8,716,100,000 |
| 2018 | 8,824,500,000 |
Taxes on goods and services (% of revenue)
Taxes on goods and services (% of revenue) in Trinidad and Tobago was 18.46 as of 2018. Its highest value over the past 17 years was 26.21 in 2002, while its lowest value was 11.88 in 2014.
Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 2001 | 23.24 |
| 2002 | 26.21 |
| 2003 | 19.68 |
| 2004 | 20.95 |
| 2005 | 14.87 |
| 2006 | 13.21 |
| 2007 | 14.58 |
| 2008 | 13.08 |
| 2009 | 15.45 |
| 2010 | 15.99 |
| 2011 | 14.36 |
| 2012 | 15.18 |
| 2013 | 14.78 |
| 2014 | 11.88 |
| 2015 | 14.48 |
| 2016 | 18.70 |
| 2017 | 18.70 |
| 2018 | 18.46 |
Taxes on goods and services (% value added of industry and services)
Taxes on goods and services (% value added of industry and services) in Trinidad and Tobago was 5.64 as of 2018. Its highest value over the past 17 years was 6.95 in 2002, while its lowest value was 4.14 in 2011.
Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD value added estimates.
See also:
| Year | Value |
|---|---|
| 2001 | 6.40 |
| 2002 | 6.95 |
| 2003 | 5.08 |
| 2004 | 5.53 |
| 2005 | 4.59 |
| 2006 | 4.65 |
| 2007 | 4.48 |
| 2008 | 4.44 |
| 2009 | 5.32 |
| 2010 | 5.30 |
| 2011 | 4.14 |
| 2012 | 4.92 |
| 2013 | 4.85 |
| 2014 | 4.26 |
| 2015 | 5.80 |
| 2016 | 6.06 |
| 2017 | 5.86 |
| 2018 | 5.64 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
