Guyana 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 Guyana ranked 162nd with $3.9B. By GDP 5-years average growth and GDP per capita, Trinidad and Tobago and Guyana ranked 175th vs 82nd and 53rd vs 108th, respectively.

Gross Domestic Product & Income

StatGuyanaTrinidad and Tobago
GDP$3.9B$23.8B
GDP growth, 1 year3.4%0.3%
GDP growth, 5-years average3.2%-1.5%
Population778k1.4M
GDP per capita$5k$17k
GDP per capita growth3.59%-0.66%
Purchasing Power Parity conversion factor119.693.62
Price level ratio of PPP conversion factor GDP to market exchange rate0.580.54
GDP per capita, PPP adjusted$8.5k$32k
GNI, Atlas method$3.7B$22.2B
GNI per capita$4.8k$16k
GNI, PPP adjusted$6.6B$43.1B
GNI per capita, PPP adjusted$8.4k$31k

Financial system and Human development

StatGuyanaTrinidad and Tobago
Income Tax Rate33.3%25%
Corporate Tax Rate40%25%
Inflation, consumer prices1.3%1.1%
Inflation, GDP deflator5.4%6.1%
Unemployment12.2%2.8%
Economic Freedom Index56.258.3
Personal Freedom Index6.926.88
Human Freedom Index6.686.81
Property Rights Index53.656.6
Judical Effectiveness Index42.642.1
Business Freedom Index58.967.3
Fiscal Health Index58.615.9
Labor Freedom Index62.176
Investment Freedom Index5560
Financial Freedom Index3050
Trade Freedom Index66.867.8
Monetary Freedom Index82.577.4
Government Spending Index64.466.5
Tax Burden Index6682.6
Government Integrity Index34.137.4
Corruption Perceptions Index3741
Life expectancy at birth, years69.673.2
Suicide mortality rate, per 100,000 people29.213.6
Mortality caused by road traffic injury, per 100,000 people24.612.1
Intentional homicides, per 100,000 people14.830.9
International tourism, number of arrivals287k375k

Government debt & reserves

StatGuyanaTrinidad and Tobago
Central government debt, % of GDP57%45.3%
External debt stocks, % of GNI44.6%N/A
External debt stocks$1.6BN/A
Short-term debt, % of total reserves24.1%N/A
Total debt service, % of exports and primary income5%N/A
Adjusted net savings including particulate emission damage, % of GNI14.1%N/A
Gross savings, % of GDP35.3%N/A
Gross capital formation, % of GDP37.5%N/A
Total reserves including gold$518.5M$8.1B
Foreign direct investment net inflows$1.2B-$602.5M

Exports, imports and economic structure

StatGuyanaTrinidad and Tobago
Exports of goods and services, % of GDP35.5%N/A
Imports of goods and services, % of GDP47.1%N/A
Current account balance (balance of payments)-$1.1B$1.2B
Revenue excluding grants, % of GDPN/A38.4%
Grants excluding technical cooperation, BoP$43.5M$2.4M
Personal remittances received$333.7M$138.7M
Industry including construction value added, % of GDP35.2%42%
Agriculture, forestry and fishing value added, % of GDP12.7%1%
Charges for the use of intellectual property, payments BoP$5.3M$63.9M
Charges for the use of intellectual property, receipts BoP$169k$882k
Expense, % of GDPN/A35.9%
Government Expenditure, % of GDP34.5%33.4%

Compare with countries close by GDP per capita

Guyana vs

CountryGDP
per capita
Population
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
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k

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