Military expenditure in Trinidad and Tobago
Trinidad and Tobago: Military expenditure was 234.54 million current USD in 2024. ◆ Volatile
Military expenditure in Trinidad and Tobago, 1968–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
The most recent figure for military expenditure in Trinidad and Tobago is 234.54 million current USD, measured in 2024.
Compared with earlier readings it is down 3.6% on the previous year and up 24.2% over ten years.
Over the whole period, military expenditure in Trinidad and Tobago peaked at 243.29 million current USD in 2023 and was at its lowest, 5.09 million current USD, in 1968.
That places Trinidad and Tobago 125th out of 167 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.17 million current USD | 5.09 million current USD | 5.26 million current USD | 2 |
| 1970s | 12.57 million current USD | 6.20 million current USD | 27.22 million current USD | 10 |
| 1980s | 36.05 million current USD | 35.17 million current USD | 36.93 million current USD | 2 |
| 1990s | 23.42 million current USD | 22.64 million current USD | 24.20 million current USD | 2 |
| 2000s | 84.31 million current USD | 13.95 million current USD | 139.10 million current USD | 9 |
| 2010s | 181.67 million current USD | 143.06 million current USD | 216.28 million current USD | 10 |
| 2020s | 215.17 million current USD | 170.18 million current USD | 243.29 million current USD | 5 |
Countries ranked near Trinidad and Tobago
- 122 Jamaica 262.51 million current USD compare
- 123 Mauritania 260.06 million current USD compare
- 124 Tajikistan 246.39 million current USD compare
- 126 Bosnia and Herzegovina 215.97 million current USD compare
- 127 Somalia 201.85 million current USD compare
- 128 Guyana 201.84 million current USD compare
More public sector data for Trinidad and Tobago
- Arms imports 32.00 million SIPRI trend indicator values (2021)
- Tax revenue 16.8% (2019)
- Taxes on income, profits and capital gains 26.1% (2019)
- Taxes on goods and services 20.8% (2019)
- Net investment in nonfinancial assets 1.6% (2019)
- Net lending (+) / net borrowing (-) -10.6% (2019)
- Interest payments 13.2% (2019)
- Grants and other revenue 18.7% (2019)
- Interest payments 9.6% (2019)
- Other taxes 16.1% (2019)
Frequently asked questions
- What is military expenditure in Trinidad and Tobago?
- Military expenditure in Trinidad and Tobago was 234.54 million current USD in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Trinidad and Tobago?
- The highest recorded value was 243.29 million current USD in 2023.
- What is the lowest military expenditure recorded in Trinidad and Tobago?
- The lowest recorded value was 5.09 million current USD in 1968.
- How does Trinidad and Tobago rank for military expenditure?
- Trinidad and Tobago ranks 125th out of 167 countries with data for 2024.
- Is military expenditure rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 24.2%. The long-run trend across the full record is volatile.
- Where does this Trinidad and Tobago data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current USD). Statizoid updates them automatically from the source API.
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About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)