Trinidad and Tobago: Fiscal freedom

The latest value from 2024 is 21 points, an increase from 13 points in 2023. In comparison, the world average is 52 points, based on data from 174 countries. Historically, the average for Trinidad and Tobago from 1996 to 2024 is 71 points. The minimum value, 13 points, was reached in 2022 while the maximum of 86 points was recorded in 2012. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

The Fiscal Freedom index for Trinidad and Tobago from The Heritage Foundation reflects the tax burden imposed by the government, including the direct taxes on individuals and corporations and the overall amount of tax revenue as a a share of GDP.

Definition: The Fiscal freedom index measures the tax burden imposed by government. It is composed of three quantitative factors: the top marginal tax rate on individual income, the top marginal tax rate on corporate income, and the total tax burden as a percentage of GDP.