Botswana vs Trinidad and Tobago: Economic Indicators Comparison

Trinidad and Tobago with a GDP of $23.8B ranked the 113th largest economy in the world, while Botswana ranked 117th with $18.6B. By GDP 5-years average growth and GDP per capita, Trinidad and Tobago and Botswana ranked 175th vs 96th and 53rd vs 84th, respectively.

Gross Domestic Product & Income

StatBotswanaTrinidad and Tobago
GDP$18.6B$23.8B
GDP growth, 1 year4.6%0.3%
GDP growth, 5-years average2.9%-1.5%
Population2.3M1.4M
GDP per capita$8.3k$17k
GDP per capita growth2.18%-0.66%
Purchasing Power Parity conversion factor4.523.62
Price level ratio of PPP conversion factor GDP to market exchange rate0.440.54
GDP per capita, PPP adjusted$18k$32k
GNI, Atlas method$17.5B$22.2B
GNI per capita$7.8k$16k
GNI, PPP adjusted$40.6B$43.1B
GNI per capita, PPP adjusted$18k$31k

Financial system and Human development

StatBotswanaTrinidad and Tobago
Income Tax Rate25%25%
Corporate Tax Rate22%25%
Inflation, consumer prices3.2%1.1%
Inflation, GDP deflator0.9%6.1%
Unemployment17.9%2.8%
Economic Freedom Index69.658.3
Personal Freedom Index6.756.88
Human Freedom Index6.816.81
Property Rights Index60.956.6
Judical Effectiveness Index45.242.1
Business Freedom Index69.367.3
Fiscal Health Index97.515.9
Labor Freedom Index68.276
Investment Freedom Index6560
Financial Freedom Index7050
Trade Freedom Index82.867.8
Monetary Freedom Index73.677.4
Government Spending Index69.166.5
Tax Burden Index8782.6
Government Integrity Index46.437.4
Corruption Perceptions Index6141
Life expectancy at birth, years68.873.2
Suicide mortality rate, per 100,000 people9.313.6
Mortality caused by road traffic injury, per 100,000 people23.812.1
Intentional homicides, per 100,000 people1530.9
International tourism, number of arrivals1.6M375k

Government debt & reserves

StatBotswanaTrinidad and Tobago
Central government debt, % of GDP12.9%45.3%
External debt stocks, % of GNI9.7%N/A
External debt stocks$1.7BN/A
Short-term debt, % of total reserves3.8%N/A
Total debt service, % of exports and primary income2.4%N/A
Adjusted net savings including particulate emission damage, % of GNI26.6%N/A
Gross savings, % of GDP37%N/A
Gross capital formation, % of GDP29.5%N/A
Total reserves including gold$6.7B$8.1B
Foreign direct investment net inflows$228.7M-$602.5M

Exports, imports and economic structure

StatBotswanaTrinidad and Tobago
Exports of goods and services, % of GDP39.4%N/A
Imports of goods and services, % of GDP37.8%N/A
Current account balance (balance of payments)$345.3M$1.2B
Revenue excluding grants, % of GDP26.8%38.4%
Grants excluding technical cooperation, BoP$69.7M$2.4M
Personal remittances received$31.6M$138.7M
Industry including construction value added, % of GDP29.3%42%
Agriculture, forestry and fishing value added, % of GDP2%1%
Charges for the use of intellectual property, payments BoP$116.6M$63.9M
Charges for the use of intellectual property, receipts BoP$603k$882k
Expense, % of GDP23.6%35.9%
Government Expenditure, % of GDP32.1%33.4%

Compare with countries close by GDP per capita

Botswana vs

CountryGDP
per capita
Population
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k

Trinidad and Tobago vs

CountryGDP
per capita
Population
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M