Skip to content

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

Updated on by Georank team

Indonesia has a GDP of $1.4T compared to $25.6B for Trinidad and Tobago, ranking 16/197 and 115/197 by economy size, respectively.

Indonesia has $561B in government debt (40.2% of GDP), compared to $16.5B (64.2% of GDP) in Trinidad and Tobago.

Indonesia vs Trinidad and Tobago GDP by year

Indonesia
Trinidad and Tobago
1x
Year GDP, current $
Indonesia Trinidad
2024 $1,396,300,098,191 $25,633,544,529
2023 $1,371,169,301,564 $25,036,993,423
2022 $1,319,101,183,380 $28,341,164,301
2021 $1,186,509,691,087 $24,222,963,263
2020 $1,059,054,842,698 $20,888,515,184
2019 $1,119,099,871,350 $23,477,745,792
2018 $1,042,271,532,989 $23,883,058,083
2017 $1,015,618,744,160 $23,830,750,901
2016 $931,877,364,038 $23,624,322,193
2015 $860,854,232,686 $26,841,141,793
2014 $890,814,755,534 $29,474,180,005
2013 $912,524,136,718 $28,560,537,057
2012 $917,869,913,333 $27,147,349,937
2011 $892,969,104,563 $25,433,007,437
2010 $755,094,157,622 $22,157,920,592
2009 $539,580,085,612 $19,172,165,226
2008 $510,228,634,992 $27,871,587,350
2007 $432,216,737,775 $21,641,620,050
2006 $364,570,515,618 $18,369,361,094
2005 $285,868,619,196 $15,982,389,018
2004 $256,836,875,295 $13,280,291,990
2003 $234,772,463,824 $11,305,459,802
2002 $195,660,611,165 $9,008,298,229
2001 $160,446,947,785 $8,824,849,191
2000 $165,021,012,078 $8,154,342,116
1999 $140,001,351,215 $6,808,982,521
1998 $95,445,547,873 $6,043,686,654
1997 $215,748,998,610 $5,737,771,523
1996 $227,369,679,375 $5,759,570,336
1995 $202,132,028,723 $5,329,217,747
1994 $176,892,143,932 $4,947,181,646
1993 $158,006,700,302 $4,669,491,134
1992 $128,026,966,580 $5,439,552,941
1991 $116,621,996,217 $5,307,905,882
1990 $106,140,727,334 $5,068,000,000
1989 $94,451,427,877 $4,323,058,824
1988 $84,300,174,486 $4,496,910,569
1987 $75,929,617,558 $4,797,777,778
1986 $79,954,072,545 $4,794,444,444
1985 $85,289,488,375 $7,375,918,367
1984 $84,853,700,028 $7,757,083,333
1983 $81,052,283,384 $7,763,750,000
1982 $90,158,449,295 $8,140,416,667
1981 $85,518,233,419 $6,992,083,333
1980 $72,482,337,397 $6,235,833,333
1979 $51,400,186,343 $4,602,416,625
1978 $51,455,719,076 $3,562,333,458
1977 $45,808,915,663 $3,138,666,667
1976 $37,269,156,627 $2,500,424,955
1975 $30,463,855,422 $2,442,669,825
1974 $25,802,409,639 $2,042,001,071
1973 $16,273,253,012 $1,308,785,431
1972 $10,997,590,361 $1,083,391,758
1971 $9,333,536,370 $896,765,215
1970 $9,150,684,932 $821,850,000
1969 $8,337,423,313 $779,200,000
1968 $7,076,465,300 $758,899,950
1967 $5,667,756,628 $761,981,912
1966 - $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/indonesia/trinidad-and-tobago | CC BY

GDP per capita in Indonesia vs Trinidad and Tobago by year

Indonesia
GDP per capita

GDP per capita, PPP
Trinidad and Tobago
GDP per capita

GDP per capita, PPP
1x
Year Current $
Indonesia Trinidad
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,925 $16,448 $18,733 $36,329
2023 $4,876 $15,416 $18,308 $34,623
2022 $4,731 $14,285 $20,751 $32,979
2021 $4,287 $12,757 $17,713 $30,482
2020 $3,854 $11,729 $15,284 $26,731
2019 $4,107 $11,986 $17,213 $29,316
2018 $3,861 $11,372 $17,571 $28,673
2017 $3,799 $10,688 $17,566 $28,484
2016 $3,521 $10,263 $17,449 $28,232
2015 $3,288 $10,028 $19,887 $29,825
2014 $3,441 $10,065 $21,908 $32,027
2013 $3,567 $9,866 $21,305 $31,746
2012 $3,632 $9,530 $20,332 $31,883
2011 $3,579 $8,937 $19,151 $31,078
2010 $3,066 $8,353 $16,815 $30,778
2009 $2,218 $7,868 $14,634 $29,602
2008 $2,125 $7,569 $21,299 $30,807
2007 $1,823 $7,096 $16,607 $29,355
2006 $1,558 $6,583 $14,153 $27,393
2005 $1,238 $6,134 $12,346 $23,536
2004 $1,127 $5,700 $9,871 $20,674
2003 $1,043 $5,353 $8,445 $18,743
2002 $881 $5,076 $6,763 $16,141
2001 $732 $4,849 $6,657 $14,797
2000 $764 $4,639 $6,179 $13,953
1999 $657 $4,386 $5,179 $12,812
1998 $455 $4,356 $4,613 $11,735
1997 $1,045 $5,037 $4,394 $10,769
1996 $1,119 $4,807 $4,427 $9,883
1995 $1,011 $4,451 $4,115 $9,099
1994 $900 $4,096 $3,840 $8,631
1993 $817 $3,793 $3,647 $8,209
1992 $674 $3,538 $4,277 $8,129
1991 $624 $3,305 $4,205 $7,274
1990 $578 $3,044 $4,047 $6,878
1989 $524 - $3,482 -
1988 $477 - $3,656 -
1987 $438 - $3,941 -
1986 $470 - $3,985 -
1985 $511 - $6,212 -
1984 $520 - $6,613 -
1983 $508 - $6,690 -
1982 $578 - $7,091 -
1981 $561 - $6,160 -
1980 $487 - $5,559 -
1979 $353 - $4,155 -
1978 $362 - $3,258 -
1977 $331 - $2,907 -
1976 $275.7 - $2,345 -
1975 $231.1 - $2,319 -
1974 $200.7 - $1,962 -
1973 $129.9 - $1,273 -
1972 $90.1 - $1,067 -
1971 $78.5 - $894 -
1970 $79.1 - $829 -
1969 $74.1 - $795 -
1968 $64.7 - $783 -
1967 $53.2 - $797 -
1966 - - $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/indonesia/trinidad-and-tobago | CC BY

Indonesia's GDP per capita is $4,925, ranking 121/197, compared to $18,733 in Trinidad and Tobago, ranking 61/197. Adjusted for purchasing power (GDP per capita PPP), Indonesia ranks 107th at $16,448, while Trinidad and Tobago ranks 62nd at $36,329.

Economic indicators

Indonesia Trinidad
Gross domestic product
$1.4T
2024
$25.6B
2024
GDP rank
16/197
2024
115/197
2024
GDP growth
5.03%
2023-2024
2.51%
2023-2024
GDP per capita
$4,925
2024
$18,733
2024
GDP per capita rank
121/197
2024
61/197
2024
GDP per capita, PPP
$16,448
2024
$36,329
2024
GDP per capita PPP rank
107/197
2024
62/197
2024
Government debt
$561B
2024
$16.5B
2024
Debt-to-GDP ratio
40.2%
2024
64.2%
2024
Government debt per person
$1,978
2024
$12,028
2024
Government debt per person rank
120/185
2024
45/185
2024
Average annual personal income after taxes
$3,371
2026
$11,007
2026
Market capitalization of domestic companies
$758B
2023
$3.89B
2001
Number of millionaires
178,605
2025
n/a
Number of billionaires
33
2025
n/a
Income share by richest 10%
28.8%
2024
29.9%
1992
Income share by poorest 10%
3.5%
2024
2.1%
1992
Government expenditure, % of GDP
16.8%
2024
32.3%
2024
Consumer prices inflation
2.18%
2023-2024
0.53%
2023-2024
Central bank interest rate
4.75%
2025
3.5%
2020
Unemployment rate
3.31%
2023
4.01%
2024
Population
288551776
1374840

Spending and national debt comparison by year

Indonesia
Spending

Debt
Trinidad and Tobago
Spending

Debt
1x
Year % of GDP
Indonesia Trinidad
Government spending Government debt Government spending Government debt
2024 16.8% 40.2% 32.3% 64.2%
2023 16.6% 39.6% 33.5% 62.2%
2022 17.3% 40.1% 27.2% 51.3%
2021 18.1% 41.1% 30.3% 58.4%
2020 18.4% 39.7% 36.2% 62.5%
2019 16.4% 30.6% 31.2% 46.2%
2018 16.6% 30.4% 30.2% 41.5%
2017 16.4% 29.4% 30.7% 39.8%
2016 16.9% 28% 31.9% 35.4%
2015 17.6% 27% 35% 27.1%
2014 18.4% 24.6% 32.8% 23.5%
2013 18.8% 24.9% 31.3% 21.6%
2012 18.8% 23% 29.5% 21.8%
2011 17.7% 23.1% 29.4% 26.4%
2010 16.9% 26.4% 30.4% 16.8%
2009 17% 26.5% 37% 20.7%
2008 19.4% 30.3% 26.7% 13.5%
2007 18.7% 38.1% 25.7% 16.2%
2006 18.4% 35.8% 31.6% 16.9%
2005 17.4% 42.6% 26.7% 19.8%
2004 17.8% 51.3% 22.5% 24.2%
2003 18.2% 55.6% 22.2% 30.2%
2002 16.9% 62.3% 24.4% 37%
2001 19.5% 73.7% 24.8% 36.6%
2000 15.3% 87.4% 23.1% 38.9%
1999 15.1% 95.9% 24.1% 42.2%
1998 15.1% 72.5% 26.9% 42.8%
1997 15.2% 26.4% 27.2% 46.1%
1996 11.5% 27.5% 27.6% 47%
1995 11.9% 32% 26.2% 50.1%
1994 13.5% 37% 25.4% 52.6%
1993 14.1% 40.4% 26.9% 58.8%
1992 16.8% 42.6% 28.6% 49.2%
1991 15% 39.2% 29.6% 49.5%
1990 15.8% 40.8% 26.9% 47.7%
1989 16.5% 42.5% 30.9% 51.9%
1988 17.3% 45.6% 45.3% 65.3%
1987 18% 49.7% - -
1986 20.9% 38.3% - -
1985 18.5% 28% - -
1984 16.1% 23.5% - -
1983 18.2% 23.1% - -
1982 18.8% 18.6% - -
1981 24.4% 16.4% - -
1980 22.1% 17.3% - -
1979 20.9% 22% - -
1978 20.1% 30.3% - -
1977 19.5% 27.7% - -
1976 21.8% 38.1% - -
1975 20.5% 36.7% - -
1974 17.3% 34.4% - -
1973 16.3% 43.1% - -
1972 15.7% 51.2% - -
1971 14.5% 50.5% - -
1970 13.8% 46.7% - -
1969 12.8% - - -
1968 8.82% - - -
1967 10.4% - - -
1966 9.18% - - -
1965 10.7% - - -
1964 9.55% - - -
1963 10.3% - - -
1962 7.89% - - -
1961 15.1% - - -
1960 14.4% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Indonesia's government spending was $235B, accounting for 16.8% of its GDP, while Trinidad and Tobago spent $8.28B, or 32.3% of GDP.

Debt-to-GDP ratio is 40.2% in Indonesia and 64.2% in Trinidad and Tobago, ranking 132/185 and 70/185, respectively.

Government deficit by year

Deficit/surplus
Indonesia

Trinidad and Tobago
1x
Year Deficit/surplus, % of GDP
Indonesia Trinidad
2024 -2.3% -5.24%
2023 -1.64% -1.24%
2022 -2.31% 0.92%
2021 -4.4% -8.1%
2020 -6.07% -12.2%
2019 -2.09% -3.74%
2018 -1.69% -5.89%
2017 -2.26% -10.4%
2016 -2.56% -10.1%
2015 -2.72% -7.56%
2014 -1.8% -4.31%
2013 -1.96% -2.67%
2012 -1.59% -1.26%
2011 -0.7% -0.67%
2010 -1.24% 0.13%
2009 -1.64% -5.42%
2008 0.05% 5.39%
2007 -0.95% 3.12%
2006 0.45% 1.56%
2005 0.46% 2.36%
2004 -0.26% 1.84%
2003 -1.08% 1.8%
2002 -0.58% -0.2%
2001 -1.76% 0.61%
2000 -1.87% 0.17%
1999 -0.96% -0.88%
1998 -1.89% -1.8%
1997 -1.03% 0.11%
1996 0.96% -0.45%
1995 0.64% 0.17%
1994 0.005% -0.02%
1993 -0.59% 0.23%
1992 -2.95% -2.74%
1991 -0.87% -0.21%
1990 -0.55% -1.27%
1989 -1.72% -4.46%
1988 -2.68% -9.34%
1987 -0.9% -
1986 -2.94% -
1985 -0.45% -
1984 1.83% -
1983 -1% -
1982 -1.11% -
1981 -0.69% -
1980 -0.82% -
1979 -0.67% -
1978 -2.03% -
1977 -0.38% -
1976 -2.63% -
1975 -2.33% -
1974 -0.35% -
1973 -1.33% -
1972 -1.82% -
1971 -2.51% -
1970 -3.02% -
1969 -2.8% -
1968 0% -
1967 -0.35% -
1966 -5.06% -
1965 -6.62% -
1964 -5.58% -
1963 -5.24% -
1962 -3.1% -
1961 -4.57% -
1960 -1.65% -
1959 -4.06% -
1958 -6.67% -
1957 -2.92% -
1956 -1.38% -
1955 -1.6% -
1954 -3.16% -
1953 -2.33% -
1952 -3.66% -
1951 1.52% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1951–1992, retrieved 2026-02-20).

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

In 2024, Indonesia's government deficit, the difference between spending and revenue, was $32.1B, equivalent to 2.3% of GDP. This compares to Trinidad and Tobago's deficit of $1.34B, or 5.24% of GDP.

Over the past 37 years, Indonesia recorded a fiscal deficit in 31 of those years, while Trinidad and Tobago ran a deficit in 24 years. On average, Indonesia posted an annual deficit equal to 1.46% of GDP, compared to deficit of 2.21% of GDP for Trinidad and Tobago.

Inflation comparison by year

Inflation
Indonesia

Trinidad and Tobago
1x
Year Consumer prices inflation
Indonesia Trinidad
2024 2.18% 0.53%
2023 3.67% 4.63%
2022 4.21% 5.83%
2021 1.56% 2.06%
2020 1.92% 0.6%
2019 3.03% 1%
2018 3.2% 1.02%
2017 3.81% 1.88%
2016 3.53% 3.07%
2015 6.36% 4.66%
2014 6.39% 5.68%
2013 6.41% 5.2%
2012 4.28% 9.26%
2011 5.36% 5.11%
2010 5.13% 10.5%
2009 4.39% 6.98%
2008 10.2% 12%
2007 6.41% 7.89%
2006 13.1% 8.33%
2005 10.5% 6.87%
2004 6.06% 3.72%
2003 6.76% 3.81%
2002 11.9% 4.15%
2001 11.5% 5.54%
2000 3.69% 3.56%
1999 20.5% 3.44%
1998 58.5% 5.61%
1997 6.23% 3.63%

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

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

Over the past 28 years, Indonesia has recorded an average annual inflation rate of 8.24%, compared with 4.88% in Trinidad and Tobago. In 2024, inflation was 2.18% in Indonesia and 0.53% in Trinidad and Tobago.

Top exports between countries

Indonesia
Export category Export value
Raw materials & minerals $38M
Machinery & equipment $31M
Wood & paper products $7.84M
Processed food, beverages & tobacco $4.5M
Animal & marine products $2.7M
Chemicals & pharma $1.01M
Textiles & consumer goods $742K
Raw agricultural goods $111K
Miscellaneous $74K
Metals $63K
Trinidad
Export category Export value
Machinery & equipment $9.56M
Raw materials & minerals $508K
Textiles & consumer goods $21K
Metals $3K
Miscellaneous $1K

Balance of trade

Indonesia Trinidad
Current account balance
-$8.72B
2024
$645M
2024
Current account balance ranking
174/190
2024
58/190
2024
Current account balance, % of GDP
-0.62%
2024
+2.52%
2024
Goods imports
$223B
2024
$7.54B
2024
Goods exports
$263B
2024
$10B
2024
Service imports
$57.6B
2024
$2.71B
2024
Service exports
$39B
2024
$1.26B
2024
Imports of goods and services, % of GDP
20.4%
2024
n/a
Exports of goods and services, % of GDP
22.2%
2024
45%
2025

Economic freedom indices

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

Indonesia Trinidad
Economic freedom 65.1 62.4
Economic freedom ranking 67/197 87/197
Property rights 39.7 47.3
Government integrity 42 45.5
Judicial effectiveness 43.1 58.8
Tax burden 81.5 76.1
Government spending 91.4 71.1
Fiscal health 89.8 86.3
Business freedom 69.2 67.1
Labor freedom 56.8 57.2
Monetary freedom 79.4 81
Trade freedom 78.6 68.8
Investment freedom 50 50
Financial freedom 60 40

Economic freedom comparison by year

Indonesia
Trinidad and Tobago
1x
Year Economic freedom index
Indonesia Trinidad
2026 65.1 62.4
2025 65.2 63.6
2024 63.5 60.4
2023 63.5 59.5
2022 64.4 58.8
2021 66.9 59
2020 67.2 58.3
2019 65.8 57
2018 64.2 57.7
2017 61.9 61.2
2016 59.4 62.9
2015 58.1 64.1
2014 58.5 62.7
2013 56.9 62.3
2012 56.4 64.4
2011 56 66.5
2010 55.5 65.7
2009 53.4 68
2008 53.2 69.5
2007 53.2 70.6
2006 51.9 70.4
2005 52.9 71.5
2004 52.1 71.3
2003 55.8 68.8
2002 54.8 70.1
2001 52.5 71.8
2000 55.2 74.5
1999 61.5 72.4
1998 63.4 72
1997 62 71.3
1996 61 69.2
1995 54.9 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Indonesia is 65.1, ranking 67/197, 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

Indonesia Trinidad
Services, % of GDP
43.8%
2024
59.2%
2024
Industry, % of GDP
39.3%
2024
34.6%
2024
Agriculture, forestry, and fishing, % of GDP
12.6%
2024
0.78%
2024
GNI, Atlas method
$1.39T
2024
$27B
2024
GNI per capita, PPP
$16,010
2024
$36,580
2024
Total reserves including gold
$156B
2024
$5.6B
2024
Total reserves ranking
20/177
2024
94/177
2024
Net foreign direct investment
-$15.9B
2024
$980M
2024
Net inflows of foreign direct investment
$24.2B
2024
-$453M
2024
Net outflows of foreign direct investment
$8.39B
2024
$527M
2024
Servicing debt to the IMF, % of GNI
5.65%
2024
n/a
Poverty at national poverty lines
9%
2024
20%
2020
Gross capital formation, % of GDP
31.4%
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/indonesia/trinidad-and-tobago | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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. International Monetary Fund (IMF) | Public Finances in Modern History (1951–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. 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.