Tariff rates in Trinidad and Tobago
Trinidad and Tobago: Tariff rates was 7.51 in 2022. ▼ Falling
Tariff rates in Trinidad and Tobago, 1991–2022
Source: Our World in Data.
Analysis
In 2022, tariff rates in Trinidad and Tobago stood at 7.51.
The figure is down 15.3% on the previous year and down 13.3% over ten years.
Over the whole period, tariff rates in Trinidad and Tobago peaked at 17.85 in 1999 and was at its lowest, 4.92, in 2002.
Trinidad and Tobago ranks 63rd of 184 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Tariff rates in Trinidad and Tobago, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 13.15 | — |
| 1992 | 15.09 | +14.8% |
| 1996 | 7.18 | -52.4% |
| 1999 | 17.85 | +148.6% |
| 2001 | 6.56 | -63.2% |
| 2002 | 4.92 | -25.0% |
| 2003 | 5.46 | +11.0% |
| 2004 | 6.23 | +14.1% |
| 2005 | 8.3 | +33.2% |
| 2006 | 12.26 | +47.7% |
| 2007 | 10.34 | -15.7% |
| 2008 | 13.99 | +35.3% |
| 2010 | 8.61 | -38.5% |
| 2011 | 8.62 | +0.1% |
| 2012 | 8.66 | +0.5% |
| 2013 | 8.63 | -0.3% |
| 2021 | 8.87 | +2.8% |
| 2022 | 7.51 | -15.3% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 7.51 is above the median for high income countries, which is 1.33, 5.6× the median. (64 countries reporting)
- Trinidad and Tobago's 7.51 is above the median for Latin America & Caribbean, which is 7.01, 1.1× the median. (34 countries reporting)
Biggest year-on-year movements
Years where Tariff rates in Trinidad and Tobago changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1999 | +148.6% | 7.18 | 17.85 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.32 | 7.18 | 17.85 | 4 |
| 2000s | 8.51 | 4.92 | 13.99 | 8 |
| 2010s | 8.63 | 8.61 | 8.66 | 4 |
| 2020s | 8.19 | 7.51 | 8.87 | 2 |
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 tariff rates in Trinidad and Tobago?
- Tariff rates in Trinidad and Tobago was 7.51 in 2022, according to Our World in Data.
- What is the highest tariff rates recorded in Trinidad and Tobago?
- The highest recorded value was 17.85 in 1999.
- What is the lowest tariff rates recorded in Trinidad and Tobago?
- The lowest recorded value was 4.92 in 2002.
- How does Trinidad and Tobago rank for tariff rates?
- Trinidad and Tobago ranks 63rd out of 184 countries with data for 2022.
- Is tariff rates rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 13.3%. The long-run trend across the full record is falling.
- Where does this Trinidad and Tobago data come from?
- The figures come from Our World in Data, published as part of Tariff rates. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (Our World in Data).