Paying taxes: Total tax and contribution rate (% of profit) - Score in Trinidad and Tobago
Trinidad and Tobago: Paying taxes: Total tax and contribution rate (% of profit) - Score was 79.5% in 2019. ▬ Flat
Paying taxes: Total tax and contribution rate (% of profit) - Score in Trinidad and Tobago, 2005–2019
Source: World Bank.
Analysis
The most recent figure for paying taxes: total tax and contribution rate (% of profit) - score in Trinidad and Tobago is 79.5%, measured in 2019. That is the lowest value across all 15 years on record.
That represents a change of down 1.6% on the previous year and down 7.2% over ten years.
Over the whole period, paying taxes: total tax and contribution rate (% of profit) - score in Trinidad and Tobago peaked at 93.2% in 2011 and was at its lowest, 79.5%, in 2019.
That places Trinidad and Tobago 111th out of 191 countries with data for 2019, putting it in the middle of the range.
Paying taxes: Total tax and contribution rate (% of profit) - Score in Trinidad and Tobago, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 81.5% | — |
| 2006 | 81.5% | +0.0% |
| 2007 | 87.5% | +7.4% |
| 2008 | 85.7% | -2.1% |
| 2009 | 85.7% | +0.0% |
| 2010 | 87.5% | +2.1% |
| 2011 | 93.2% | +6.5% |
| 2012 | 93.1% | -0.1% |
| 2013 | 92.5% | -0.7% |
| 2014 | 91.8% | -0.7% |
| 2015 | 91.5% | -0.3% |
| 2016 | 91.8% | +0.2% |
| 2017 | 85.7% | -6.6% |
| 2018 | 80.8% | -5.8% |
| 2019 | 79.5% | -1.6% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 79.5% is below the median for high income countries, which is 85.5%, 93% of the median. (62 countries reporting)
- Trinidad and Tobago's 79.5% is below the median for Latin America & Caribbean, which is 81.7%, 97% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 84.4% | 81.5% | 87.5% | 5 |
| 2010s | 88.7% | 79.5% | 93.2% | 10 |
Countries ranked near Trinidad and Tobago
More reference data data for Trinidad and Tobago
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0696 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0589 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.165 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0005 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.165 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.2333 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.0945 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.3189 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7976 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0027 (2050)
Frequently asked questions
- What is paying taxes: total tax and contribution rate (% of profit) - score in Trinidad and Tobago?
- Paying taxes: total tax and contribution rate (% of profit) - score in Trinidad and Tobago was 79.5% in 2019, according to the World Bank.
- What is the highest paying taxes: total tax and contribution rate (% of profit) - score recorded in Trinidad and Tobago?
- The highest recorded value was 93.2% in 2011.
- What is the lowest paying taxes: total tax and contribution rate (% of profit) - score recorded in Trinidad and Tobago?
- The lowest recorded value was 79.5% in 2019.
- How does Trinidad and Tobago rank for paying taxes: total tax and contribution rate (% of profit) - score?
- Trinidad and Tobago ranks 111th out of 191 countries with data for 2019.
- Is paying taxes: total tax and contribution rate (% of profit) - score rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 7.2%. The long-run trend across the full record is flat.
- Where does this Trinidad and Tobago data come from?
- The figures come from the World Bank, published as part of Paying taxes: Total tax and contribution rate (% of profit) - Score. Statizoid updates them automatically from the source API.
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CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The score for total tax and contribution rate benchmarks economies with respect to the regulatory best practice on the indicator. The score is indicated on a scale from 0 to 100, where 0 represents the worst regulatory performance and 100 the best regulatory performance.