Curacao 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 Curacao ranked 166th with $3.1B. By GDP per capita, Trinidad and Tobago and Curacao ranked 53rd vs 46th, respectively.

Gross Domestic Product & Income

Stat	Curacao	Trinidad and Tobago
GDP	$3.1B	$23.8B
GDP growth, 1 year	-2.17%	0.3%
GDP growth, 5-years average	N/A	-1.5%
Population	160k	1.4M
GDP per capita	$20k	$17k
GDP per capita growth	-1.97%	-0.66%
Purchasing Power Parity conversion factor	1.26	3.62
Price level ratio of PPP conversion factor GDP to market exchange rate	0.71	0.54
GDP per capita, PPP adjusted	$28k	$32k
GNI, Atlas method	$3.1B	$22.2B
GNI per capita	$19k	$16k
GNI, PPP adjusted	$4.5B	$43.1B
GNI per capita, PPP adjusted	$28k	$31k

Financial system and Human development

Stat	Curacao	Trinidad and Tobago
Income Tax Rate	N/A	25%
Corporate Tax Rate	N/A	25%
Inflation, consumer prices	1.6%	1.1%
Inflation, GDP deflator	2.6%	6.1%
Unemployment	13.4%	2.8%
Economic Freedom Index	78	58.3
Personal Freedom Index	7.3	6.88
Human Freedom Index	7.2	6.81
Property Rights Index	N/A	56.6
Judical Effectiveness Index	N/A	42.1
Business Freedom Index	N/A	67.3
Fiscal Health Index	N/A	15.9
Labor Freedom Index	N/A	76
Investment Freedom Index	N/A	60
Financial Freedom Index	N/A	50
Trade Freedom Index	N/A	67.8
Monetary Freedom Index	N/A	77.4
Government Spending Index	N/A	66.5
Tax Burden Index	N/A	82.6
Government Integrity Index	N/A	37.4
Corruption Perceptions Index	72	41
Life expectancy at birth, years	78	73.2
Suicide mortality rate, per 100,000 people	0.5	13.6
Mortality caused by road traffic injury, per 100,000 people	17	12.1
Intentional homicides, per 100,000 people	19.2	30.9
International tourism, number of arrivals	432k	375k

Government debt & reserves

Stat	Curacao	Trinidad and Tobago
Central government debt, % of GDP	N/A	45.3%
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	N/A	N/A
Gross savings, % of GDP	22.3%	N/A
Gross capital formation, % of GDP	N/A	N/A
Total reserves including gold	N/A	$8.1B
Foreign direct investment net inflows	$126.9M	-$602.5M

Exports, imports and economic structure

Stat	Curacao	Trinidad and Tobago
Exports of goods and services, % of GDP	72.2%	N/A
Imports of goods and services, % of GDP	85.3%	N/A
Current account balance (balance of payments)	-$897.8M	$1.2B
Revenue excluding grants, % of GDP	N/A	38.4%
Grants excluding technical cooperation, BoP	N/A	$2.4M
Personal remittances received	$155.3M	$138.7M
Industry including construction value added, % of GDP	16.8%	42%
Agriculture, forestry and fishing value added, % of GDP	0.4%	1%
Charges for the use of intellectual property, payments BoP	$26.7M	$63.9M
Charges for the use of intellectual property, receipts BoP	$4.4M	$882k
Expense, % of GDP	N/A	35.9%
Government Expenditure, % of GDP	N/A	33.4%