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Economy of Gambia vs Trinidad and Tobago compared: GDP & Debt

Updated on by Georank team

The Gambia has a GDP of $2.4B compared to $25.6B for Trinidad and Tobago, ranking 174/197 and 115/197 by economy size, respectively.

The Gambia has $1.92B in government debt (80% of GDP), compared to $16.5B (64.2% of GDP) in Trinidad and Tobago.

Gambia vs Trinidad and Tobago GDP by year

Gambia
Trinidad and Tobago
1x
Year GDP, current $
Gambia Trinidad
2024 $2,404,888,749 $25,633,544,529
2023 $2,382,262,185 $25,036,993,423
2022 $2,204,734,528 $28,341,164,301
2021 $2,014,158,842 $24,222,963,263
2020 $1,812,170,891 $20,888,515,184
2019 $1,813,609,692 $23,477,745,792
2018 $1,670,671,328 $23,883,058,083
2017 $1,504,909,463 $23,830,750,901
2016 $1,484,578,886 $23,624,322,193
2015 $1,378,176,609 $26,841,141,793
2014 $1,229,461,721 $29,474,180,005
2013 $1,375,609,453 $28,560,537,057
2012 $1,415,004,738 $27,147,349,937
2011 $1,409,693,597 $25,433,007,437
2010 $1,543,294,927 $22,157,920,592
2009 $1,450,142,509 $19,172,165,226
2008 $1,561,766,956 $27,871,587,350
2007 $1,279,703,047 $21,641,620,050
2006 $1,054,112,488 $18,369,361,094
2005 $1,027,701,068 $15,982,389,018
2004 $961,900,651 $13,280,291,990
2003 $487,038,685 $11,305,459,802
2002 $578,235,309 $9,008,298,229
2001 $687,410,645 $8,824,849,191
2000 $782,913,872 $8,154,342,116
1999 $814,724,032 $6,808,982,521
1998 $840,285,265 $6,043,686,654
1997 $803,633,342 $5,737,771,523
1996 $848,239,446 $5,759,570,336
1995 $785,999,865 $5,329,217,747
1994 $746,493,952 $4,947,181,646
1993 $755,040,974 $4,669,491,134
1992 $714,254,256 $5,439,552,941
1991 $690,311,081 $5,307,905,882
1990 $317,083,695 $5,068,000,000
1989 $284,120,329 $4,323,058,824
1988 $266,672,212 $4,496,910,569
1987 $220,626,484 $4,797,777,778
1986 $185,646,987 $4,794,444,444
1985 $225,726,359 $7,375,918,367
1984 $177,340,880 $7,757,083,333
1983 $213,448,585 $7,763,750,000
1982 $216,050,552 $8,140,416,667
1981 $218,767,743 $6,992,083,333
1980 $241,083,090 $6,235,833,333
1979 $207,112,628 $4,602,416,625
1978 $171,833,086 $3,562,333,458
1977 $138,093,099 $3,138,666,667
1976 $112,190,829 $2,500,424,955
1975 $115,179,719 $2,442,669,825
1974 $95,796,022 $2,042,001,071
1973 $75,187,749 $1,308,785,431
1972 $59,160,569 $1,083,391,758
1971 $55,728,663 $896,765,215
1970 $52,296,084 $821,850,000
1969 $45,168,072 $779,200,000
1968 $41,160,066 $758,899,950
1967 $46,695,007 $761,981,912
1966 $44,212,081 $723,739,857
1965 - $736,573,159
1964 - $711,897,520
1963 - $678,239,329
1962 - $619,322,810
1961 - $584,964,621
1960 - $535,673,252

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/gambia/trinidad-and-tobago | CC BY

GDP per capita in Gambia vs Trinidad and Tobago by year

Gambia
GDP per capita

GDP per capita, PPP
Trinidad and Tobago
GDP per capita

GDP per capita, PPP
1x
Year Current $
Gambia Trinidad
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $871 $3,476 $18,733 $36,329
2023 $883 $3,289 $18,308 $34,623
2022 $836 $3,067 $20,751 $32,979
2021 $782 $2,778 $17,713 $30,482
2020 $720 $2,531 $15,284 $26,731
2019 $738 $2,422 $17,213 $29,316
2018 $696 $2,277 $17,571 $28,673
2017 $643 $2,039 $17,566 $28,484
2016 $650 $2,013 $17,449 $28,232
2015 $620 $1,990 $19,887 $29,825
2014 $568 $1,934 $21,908 $32,027
2013 $654 $2,007 $21,305 $31,746
2012 $693 $2,065 $20,332 $31,883
2011 $711 $2,064 $19,151 $31,078
2010 $801 $2,267 $16,815 $30,778
2009 $775 $2,177 $14,634 $29,602
2008 $859 $2,088 $21,299 $30,807
2007 $725 $1,985 $16,607 $29,355
2006 $615 $1,931 $14,153 $27,393
2005 $616 $1,938 $12,346 $23,536
2004 $593 $1,979 $9,871 $20,674
2003 $309 $1,850 $8,445 $18,743
2002 $377 $1,744 $6,763 $16,141
2001 $460 $1,823 $6,657 $14,797
2000 $538 $1,731 $6,179 $13,953
1999 $575 $1,649 $5,179 $12,812
1998 $610 $1,572 $4,613 $11,735
1997 $600 $1,544 $4,394 $10,769
1996 $652 $1,489 $4,427 $9,883
1995 $622 $1,472 $4,115 $9,099
1994 $608 $1,473 $3,840 $8,631
1993 $635 $1,487 $3,647 $8,209
1992 $623 $1,462 $4,277 $8,129
1991 $628 $1,440 $4,205 $7,274
1990 $301 $1,409 $4,047 $6,878
1989 $280.9 - $3,482 -
1988 $274.9 - $3,656 -
1987 $237 - $3,941 -
1986 $207.7 - $3,985 -
1985 $262.8 - $6,212 -
1984 $214.8 - $6,613 -
1983 $268.6 - $6,690 -
1982 $282.1 - $7,091 -
1981 $296 - $6,160 -
1980 $338 - $5,559 -
1979 $300 - $4,155 -
1978 $257.6 - $3,258 -
1977 $213.8 - $2,907 -
1976 $179.3 - $2,345 -
1975 $189.8 - $2,319 -
1974 $162.6 - $1,962 -
1973 $131.4 - $1,273 -
1972 $106.5 - $1,067 -
1971 $103.3 - $894 -
1970 $99.8 - $829 -
1969 $88.7 - $795 -
1968 $83.1 - $783 -
1967 $97 - $797 -
1966 $94.4 - $768 -
1965 - - $793 -
1964 - - $780 -
1963 - - $756 -
1962 - - $704 -
1961 - - $678 -
1960 - - $634 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/gambia/trinidad-and-tobago | CC BY

The Gambia's GDP per capita is $871, ranking 183/197, compared to $18,733 in Trinidad and Tobago, ranking 61/197. Adjusted for purchasing power (GDP per capita PPP), the Gambia ranks 172nd at $3,476, while Trinidad and Tobago ranks 62nd at $36,329.

Economic indicators

Gambia Trinidad
Gross domestic product
$2.4B
2024
$25.6B
2024
GDP rank
174/197
2024
115/197
2024
GDP growth
5.55%
2023-2024
2.51%
2023-2024
GDP per capita
$871
2024
$18,733
2024
GDP per capita rank
183/197
2024
61/197
2024
GDP per capita, PPP
$3,476
2024
$36,329
2024
GDP per capita PPP rank
172/197
2024
62/197
2024
Government debt
$1.92B
2024
$16.5B
2024
Debt-to-GDP ratio
80%
2024
64.2%
2024
Government debt per person
$697
2024
$12,028
2024
Government debt per person rank
155/185
2024
45/185
2024
Average annual personal income after taxes
$741
2026
$11,007
2026
Market capitalization of domestic companies n/a
$3.89B
2001
Income share by richest 10%
30.5%
2020
29.9%
1992
Income share by poorest 10%
2.6%
2020
2.1%
1992
Government expenditure, % of GDP
25.8%
2024
32.3%
2024
Consumer prices inflation
11.6%
2023-2024
0.53%
2023-2024
Central bank interest rate
17%
2023
3.5%
2020
Unemployment rate
6.48%
2023
4.01%
2024
Population
2902554
1374840

Spending and national debt comparison by year

Gambia
Spending

Debt
Trinidad and Tobago
Spending

Debt
1x
Year % of GDP
Gambia Trinidad
Government spending Government debt Government spending Government debt
2024 25.8% 80% 32.3% 64.2%
2023 24.9% 80.2% 33.5% 62.2%
2022 24.6% 83.9% 27.2% 51.3%
2021 21.5% 83.1% 30.3% 58.4%
2020 25.3% 85.9% 36.2% 62.5%
2019 23.9% 83% 31.2% 46.2%
2018 19% 83.6% 30.2% 41.5%
2017 23.6% 87% 30.7% 39.8%
2016 19.4% 80.7% 31.9% 35.4%
2015 19.6% 69.4% 35% 27.1%
2014 19% 71.1% 32.8% 23.5%
2013 17.2% 58.2% 31.3% 21.6%
2012 19.1% 49.5% 29.5% 21.8%
2011 16.5% 49.2% 29.4% 26.4%
2010 14.6% 42.9% 30.4% 16.8%
2009 14.4% 38.9% 37% 20.7%
2008 11.6% 39.5% 26.7% 13.5%
2007 11.2% 38% 25.7% 16.2%
2006 14% 87.3% 31.6% 16.9%
2005 12.9% 82.6% 26.7% 19.8%
2004 12.4% 81.3% 22.5% 24.2%
2003 9.3% 91.7% 22.2% 30.2%
2002 8.59% 93.9% 24.4% 37%
2001 9.68% 75.2% 24.8% 36.6%
2000 9.54% 73.3% 23.1% 38.9%
1999 - - 24.1% 42.2%
1998 - - 26.9% 42.8%
1997 - - 27.2% 46.1%
1996 - - 27.6% 47%
1995 - - 26.2% 50.1%
1994 - - 25.4% 52.6%
1993 - - 26.9% 58.8%
1992 - - 28.6% 49.2%
1991 - - 29.6% 49.5%
1990 - - 26.9% 47.7%
1989 - - 30.9% 51.9%
1988 - - 45.3% 65.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1988–1989, retrieved 2026-02-20).

GeoRank.org/economy/gambia/trinidad-and-tobago | CC BY

In 2024, the Gambia's government spending was $621M, accounting for 25.8% of its GDP, while Trinidad and Tobago spent $8.28B, or 32.3% of GDP.

Debt-to-GDP ratio is 80% in the Gambia and 64.2% in Trinidad and Tobago, ranking 45/185 and 70/185, respectively.

Government deficit by year

Deficit/surplus
Gambia

Trinidad and Tobago
1x
Year Deficit/surplus, % of GDP
Gambia Trinidad
2024 -4.08% -5.24%
2023 -3.69% -1.24%
2022 -5.72% 0.92%
2021 -4.77% -8.1%
2020 -2.37% -12.2%
2019 -2.75% -3.74%
2018 -3.92% -5.89%
2017 -4.35% -10.4%
2016 -6.22% -10.1%
2015 -5.38% -7.56%
2014 -3.94% -4.31%
2013 -5.11% -2.67%
2012 -2.85% -1.26%
2011 -3.03% -0.67%
2010 -2.93% 0.13%
2009 -1.65% -5.42%
2008 -0.45% 5.39%
2007 0.27% 3.12%
2006 -3.19% 1.56%
2005 -3.33% 2.36%
2004 -1.77% 1.84%
2003 -1.73% 1.8%
2002 0.06% -0.2%
2001 -2.52% 0.61%
2000 -0.09% 0.17%
1999 - -0.88%
1998 - -1.8%
1997 - 0.11%
1996 - -0.45%
1995 - 0.17%
1994 - -0.02%
1993 - 0.23%
1992 - -2.74%
1991 - -0.21%
1990 - -1.27%
1989 - -4.46%
1988 - -9.34%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1988–1989, retrieved 2026-02-20).

GeoRank.org/economy/gambia/trinidad-and-tobago | CC BY

In 2024, the Gambia's government deficit, the difference between spending and revenue, was $98.2M, equivalent to 4.08% of GDP. This compares to Trinidad and Tobago's deficit of $1.34B, or 5.24% of GDP.

Over the past 25 years, the Gambia recorded a fiscal deficit in 23 of those years, while Trinidad and Tobago ran a deficit in 15 years. On average, the Gambia posted an annual deficit equal to 3.02% of GDP, compared to deficit of 2.44% of GDP for Trinidad and Tobago.

Inflation comparison by year

Inflation
Gambia

Trinidad and Tobago
1x
Year Consumer prices inflation
Gambia Trinidad
2024 11.6% 0.53%
2023 17% 4.63%
2022 11.5% 5.83%
2021 7.37% 2.06%
2020 5.93% 0.6%
2019 7.12% 1%
2018 6.52% 1.02%
2017 8.03% 1.88%
2016 7.23% 3.07%
2015 6.81% 4.66%
2014 5.95% 5.68%
2013 5.7% 5.2%
2012 4.25% 9.26%
2011 4.8% 5.11%
2010 5.05% 10.5%
2009 4.56% 6.98%
2008 4.44% 12%
2007 5.37% 7.89%
2006 2.06% 8.33%
2005 4.84% 6.87%
2004 14.2% 3.72%
2003 17% 3.81%
2002 8.61% 4.15%
2001 4.49% 5.54%
2000 0.84% 3.56%
1999 3.81% 3.44%
1998 1.11% 5.61%
1997 2.78% 3.63%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/gambia/trinidad-and-tobago | CC BY

Over the past 28 years, the Gambia has recorded an average annual inflation rate of 6.75%, compared with 4.88% in Trinidad and Tobago. In 2024, inflation was 11.6% in the Gambia and 0.53% in Trinidad and Tobago.

Balance of trade

Gambia Trinidad
Current account balance
-$99.8M
2024
$645M
2024
Current account balance ranking
88/190
2024
58/190
2024
Current account balance, % of GDP
-4.15%
2024
+2.52%
2024
Goods imports
$1.39B
2024
$7.54B
2024
Goods exports
$363M
2024
$10B
2024
Service imports
$161M
2024
$2.71B
2024
Service exports
$485M
2024
$1.26B
2024
Imports of goods and services, % of GDP
33.4%
2024
n/a
Exports of goods and services, % of GDP
8.75%
2024
45%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Gambia Trinidad
Economic freedom 56.3 62.4
Economic freedom ranking 123/197 87/197
Property rights 55.4 47.3
Government integrity 40.5 45.5
Judicial effectiveness 45.8 58.8
Tax burden 79.2 76.1
Government spending 81.1 71.1
Fiscal health 54.8 86.3
Business freedom 50.1 67.1
Labor freedom 46.4 57.2
Monetary freedom 57.3 81
Trade freedom 64.8 68.8
Investment freedom 50 50
Financial freedom 50 40

Economic freedom comparison by year

Gambia
Trinidad and Tobago
1x
Year Economic freedom index
Gambia Trinidad
2026 56.3 62.4
2025 56.8 63.6
2024 58.2 60.4
2023 57.9 59.5
2022 58 58.8
2021 58.8 59
2020 56.3 58.3
2019 52.4 57
2018 52.3 57.7
2017 53.4 61.2
2016 57.1 62.9
2015 57.5 64.1
2014 59.5 62.7
2013 58.8 62.3
2012 58.8 64.4
2011 57.4 66.5
2010 55.1 65.7
2009 55.8 68
2008 56.9 69.5
2007 57.7 70.6
2006 57.3 70.4
2005 56.5 71.5
2004 55.3 71.3
2003 56.3 68.8
2002 57.7 70.1
2001 56.6 71.8
2000 52.7 74.5
1999 52.1 72.4
1998 53.4 72
1997 52.9 71.3
1996 - 69.2

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/gambia/trinidad-and-tobago | CC BY

The Economic Freedom Index for the Gambia is 56.3, ranking 123/197, compared to 62.4 for Trinidad and Tobago, ranking 87/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Gambia Trinidad
Services, % of GDP
56.8%
2024
59.2%
2024
Industry, % of GDP
15.3%
2024
34.6%
2024
Agriculture, forestry, and fishing, % of GDP
20.4%
2024
0.78%
2024
GNI, Atlas method
$2.43B
2024
$27B
2024
GNI per capita, PPP
$3,430
2024
$36,580
2024
Total reserves including gold
$629M
2024
$5.6B
2024
Total reserves ranking
151/177
2024
94/177
2024
Net foreign direct investment
-$232M
2024
$980M
2024
Net inflows of foreign direct investment
$232M
2024
-$453M
2024
Net outflows of foreign direct investment
-$665K
2024
$527M
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
n/a
Poverty at national poverty lines
53.4%
2020
20%
2020
Gross capital formation, % of GDP
29.9%
2024
19%
2023

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/gambia/trinidad-and-tobago | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1988–1989, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.