Tax revenues vs income inequality, annual growth rate in Trinidad and Tobago
Trinidad and Tobago: Tax revenues vs income inequality, annual growth rate was 5.56 % change on previous year in 2023. ◆ Volatile
Tax revenues vs income inequality, annual growth rate in Trinidad and Tobago, 1991–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Trinidad and Tobago recorded 5.56 % change on previous year for tax revenues vs income inequality, annual growth rate in 2023.
That represents a change of down 62.1% on the previous year and up 0.4% over five years.
Over the whole period, tax revenues vs income inequality, annual growth rate in Trinidad and Tobago peaked at 29.03 % change on previous year in 1993 and was at its lowest, -9.65 % change on previous year, in 1994.
That places Trinidad and Tobago 56th out of 187 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Tax revenues vs income inequality, annual growth rate in Trinidad and Tobago, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | 8.79 % change on previous year | — |
| 1992 | 10.83 % change on previous year | +23.2% |
| 1993 | 29.03 % change on previous year | +168.1% |
| 1994 | -9.65 % change on previous year | -133.2% |
| 1995 | 5.59 % change on previous year | -158.0% |
| 1996 | 11.14 % change on previous year | +99.3% |
| 1997 | -9.08 % change on previous year | -181.5% |
| 1998 | -2.93 % change on previous year | -67.7% |
| 1999 | -8.92 % change on previous year | +204.2% |
| 2000 | 4.23 % change on previous year | -147.4% |
| 2001 | 6.93 % change on previous year | +64.0% |
| 2002 | -8.16 % change on previous year | -217.8% |
| 2003 | 4.29 % change on previous year | -152.5% |
| 2004 | 2.27 % change on previous year | -46.9% |
| 2005 | 21.23 % change on previous year | +833.3% |
| 2019 | 5.54 % change on previous year | -73.9% |
| 2020 | -8.52 % change on previous year | -253.7% |
| 2021 | -2.84 % change on previous year | -66.6% |
| 2022 | 14.69 % change on previous year | -616.6% |
| 2023 | 5.56 % change on previous year | -62.1% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 5.56 % change on previous year is above the median for high income countries, which is 0.6277 % change on previous year, 8.9× the median. (65 countries reporting)
- Trinidad and Tobago's 5.56 % change on previous year is above the median for Latin America & Caribbean, which is 2.8 % change on previous year, 2.0× the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.87 % change on previous year | -9.65 % change on previous year | 29.03 % change on previous year | 9 |
| 2000s | 5.13 % change on previous year | -8.16 % change on previous year | 21.23 % change on previous year | 6 |
| 2010s | 5.54 % change on previous year | 5.54 % change on previous year | 5.54 % change on previous year | 1 |
| 2020s | 2.22 % change on previous year | -8.52 % change on previous year | 14.69 % change on previous year | 4 |
Countries ranked near Trinidad and Tobago
- 53 Côte d'Ivoire 6 % change on previous year compare
- 54 Pakistan 5.98 % change on previous year compare
- 55 Comoros 5.57 % change on previous year compare
- 57 Haiti 5.05 % change on previous year compare
- 58 Bahamas 5.01 % change on previous year compare
- 59 Saint Kitts and Nevis 4.78 % change on previous year compare
More poverty & inequality data for Trinidad and Tobago
- Number of income/consumption surveys in the past decade available via the World Bank 0 surveys (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per person (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per US$ of GDP (2025)
- Fertility rate vs. share living in extreme poverty 1.53 live births per woman (2023)
- Cereal yield vs. share in extreme poverty 1,600 kg per hectare (2023)
- Cereal yield vs extreme poverty, per unit of GDP 0 units per US$ of GDP (2023)
- Cereal yield vs extreme poverty, annual growth rate -2.38 % change on previous year (2023)
- Tax revenues vs income inequality, gaps filled 19.85 (2023)
- Tax revenue as share of GDP vs. income inequality 19.9% (2023)
- Tax revenues vs income inequality, per unit of GDP 0 units per US$ of GDP (2023)
Frequently asked questions
- What is tax revenues vs income inequality, annual growth rate in Trinidad and Tobago?
- Tax revenues vs income inequality, annual growth rate in Trinidad and Tobago was 5.56 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest tax revenues vs income inequality, annual growth rate recorded in Trinidad and Tobago?
- The highest recorded value was 29.03 % change on previous year in 1993.
- What is the lowest tax revenues vs income inequality, annual growth rate recorded in Trinidad and Tobago?
- The lowest recorded value was -9.65 % change on previous year in 1994.
- How does Trinidad and Tobago rank for tax revenues vs income inequality, annual growth rate?
- Trinidad and Tobago ranks 56th out of 187 countries with data for 2023.
- Where does this Trinidad and Tobago data come from?
- The figures come from Statizoid (derived), published as part of Tax revenues vs income inequality, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Tax revenues vs income inequality. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Tax revenue as share of GDP vs. income inequality UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Tax revenues vs income inequality. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.