Trinidad and Tobago Government Revenue
General government revenue as % of GDP GGR_NGDP
Trinidad and Tobago's government revenue was 29.88% in 2025, ranked 73rd globally. This represents a 9.8% increase from 2024. Data from IMF WEO, covering 1988–2025.
Overview
Trinidad and Tobago's government revenue stood at 29.88% in 2025, a rise of +2.67% from 2024. The IMF projects 29.88% by 2025. Trinidad and Tobago ranked 73rd globally.
Trinidad and Tobago’s government revenue as a share of GDP has fallen sharply over the past four decades, declining from an all‑time peak of 36.01 % in 1988 to a trough of 20.49 % in 2017 before modestly rebounding to 29.88 % in 2025, ranking 73rd globally. The long‑term downward trajectory reflects structural challenges such as volatile energy prices, limited diversification and fiscal adjustments that reduced tax bases after the 2000s. While the 2025 figure remains close to the revenue shares of Jamaica (29.82 %) and Macao SAR, China (30.48 %), it still lags behind the United States at 30.42 %, underscoring the relative fiscal constraint of the twin‑island state. The recent uptick suggests that higher commodity revenues and incremental tax reforms have begun to stabilize collections, but sustaining or improving this level will depend on deepening the tax base, expanding non‑oil sectors and maintaining prudent expenditure management.
Data & projection
| Year | Government Revenue | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 30.53% | - | - |
| 2029* IMF | 30.21% | - | - |
| 2028* IMF | 29.41% | - | - |
| 2027* IMF | 27.85% | - | - |
| 2026* IMF | 27.53% | - | - |
| 2025* IMF | 29.88% | - | - |
| 2025 | 29.88% | +2.67% | #73 |
| 2024 | 27.21% | −4.02% | #93 |
| 2023 | 31.23% | +2.01% | #74 |
| 2022 | 29.22% | +6.23% | #80 |
| 2021 | 23.00% | −0.28% | #118 |
| 2020 | 23.28% | −4.01% | #114 |
| 2019 | 27.29% | +2.97% | #90 |
| 2018 | 24.31% | +3.83% | #112 |
| 2017 | 20.49% | −0.90% | #133 |
| 2016 | 21.39% | −5.37% | #123 |
| 2015 | 26.76% | −1.90% | #85 |
| 2014 | 28.66% | −0.39% | #86 |
| 2013 | 29.05% | +0.43% | #86 |
| 2012 | 28.61% | −1.10% | #92 |
| 2011 | 29.71% | −1.94% | #80 |
Detected Pattern
Analysis
Trinidad and Tobago matched the Export Boom Cycle pattern in 2014. Historically, 71% of countries showing this pattern (546 out of 768) saw government revenue improve within 24 months. View full analysis →
Frequently Asked Questions
Trinidad and Tobago's government revenue was 29.88% in 2025. Ranked 73rd globally. This represents a 9.8% increase from the previous year.
Trinidad and Tobago's government revenue peaked at 36.01% in 1988.
The lowest government revenue in Trinidad and Tobago was 20.49% in 2017.
Trinidad and Tobago ranks 73rd globally in government revenue as of 2025.
The World Bank indicator code is GGR_NGDP. Data sourced from IMF WEO.
Trinidad and Tobago's government revenue is projected to reach 29.88% by 2025 based on IMF projection.
The government revenue of Trinidad and Tobago in 2025 was 29.88%. This ranks 73rd in the world.
Cite this page
@misc{historysaid_trinidad-and-tobago_government-revenue,
title = {Trinidad and Tobago Government Revenue},
url = {https://historysaid.com/trinidad-and-tobago/government-revenue/},
publisher = {HistorySaid},
year = {2026}
}