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Government Finance of Trinidad and Tobago

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Overview Economy Population Trade Government Finance Society Environment

Tax Revenue Composition

15.2% 35.1% 11.2% 34.8%
  • Personal income taxes: 15.2%
  • Corporate income taxes: 35.1%
  • Social security contributions: 11.2%
  • Property taxes: 1.0%
  • Goods and services taxes: 34.8%
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Personal income taxes
15.2%
Corporate income taxes
35.1%
Social security contributions
11.2%
Property taxes
1.0%
Goods and services taxes
34.8%

Source: OECD Global Revenue Statistics Database, 2024.

Government Debt

Government Gross Debt (% of GDP) 84.1% #34 / 184 2026
Government Gross Debt (Local currency - TTD) 151B - 2026
Government Net Debt (% of GDP) 58.5% #25 / 86 2026
Government Net Debt (Local currency - TTD) 105B - 2026

Fiscal Balance

Fiscal Balance (% of GDP) -4.6% #136 / 189 2026
Fiscal Balance (Local currency - TTD) -8.21B - 2026
Primary Fiscal Balance (% of GDP) -0.8% #81 / 182 2026
Primary Fiscal Balance (Local currency - TTD) -1.53B - 2026

Revenue and Spending

Government Revenue (% of GDP) 30.2% #76 / 189 2026
Government Revenue (Local currency - TTD) 54.2B - 2026
Government Spending (% of GDP) 34.7% #72 / 189 2026
Government Spending (Local currency - TTD) 62.4B - 2026

International Reserves

Total Reserves (USD) 5.6B #90 / 163 2024

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