Trinidad and Tobago: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
| Trinidad and Tobago |
Fiscal balance, percent of GDP |
|---|---|
| Latest value | -1.70 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1960 - 2023 |
| Average | -1.59 |
| Min - Max | -13.10 - 14.50 |
| Source | Central Bank of Trinidad and Tobago |
The latest value from 2023 is -1.7 percent, a decline from 0.7 percent in 2022. In comparison, the world average is -2.80 percent, based on data from 140 countries. Historically, the average for Trinidad and Tobago from 1960 to 2023 is -1.59 percent. The minimum value, -13.1 percent, was reached in 1983 while the maximum of 14.5 percent was recorded in 1982.
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* indicates monthly or quarterly data series
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Fiscal balance, percent of GDP | -1.70 | 2023 | percent |
| Government debt | 67.60 | 2023 | percent |
| Tax revenue | 25.06 | 2007 | percent |
| Commercial tax rate | 40.50 | 2019 | percent |
| Tax preparation time | 210 | 2019 | hours |
| Number of taxes | 39 | 2019 | taxes |
| Taxes on goods and services | 15.78 | 2007 | percent |
| Taxes on international trade | 5.11 | 2007 | percent |
| Income and profits taxes | 60.89 | 2007 | percent |
| Foreign aid | 4.34 | 2010 | million U.S. dollars |