Italy vs Trinidad and Tobago: Economic Indicators Comparison
Italy with a GDP of $2.1T ranked the 8th largest economy in the world, while Trinidad and Tobago ranked 113th with $23.8B. By GDP 5-years average growth and GDP per capita, Italy and Trinidad and Tobago ranked 154th vs 175th and 29th vs 53rd, respectively.
Gross Domestic Product & Income
| Stat |  Italy |  Trinidad and Tobago |
|---|---|---|
| GDP | $2.1T | $23.8B |
| GDP growth, 1 year | 0.9% | 0.3% |
| GDP growth, 5-years average | 0.9% | -1.5% |
| Population | 60.3M | 1.4M |
| GDP per capita | $34k | $17k |
| GDP per capita growth | 0.95% | -0.66% |
| Purchasing Power Parity conversion factor | 0.7 | 3.62 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.82 | 0.54 |
| GDP per capita, PPP adjusted | $40k | $32k |
| GNI, Atlas method | $2T | $22.2B |
| GNI per capita | $34k | $16k |
| GNI, PPP adjusted | $2.6T | $43.1B |
| GNI per capita, PPP adjusted | $42k | $31k |
Financial system and Human development
| Stat | Italy | Trinidad and Tobago |
|---|---|---|
| Income Tax Rate | 43% | 25% |
| Corporate Tax Rate | 27.5% | 25% |
| Inflation, consumer prices | 1.2% | 1.1% |
| Inflation, GDP deflator | 0.9% | 6.1% |
| Unemployment | 10.2% | 2.8% |
| Economic Freedom Index | 63.8 | 58.3 |
| Personal Freedom Index | 8.79 | 6.88 |
| Human Freedom Index | 8.01 | 6.81 |
| Property Rights Index | 75.4 | 56.6 |
| Judical Effectiveness Index | 51.3 | 42.1 |
| Business Freedom Index | 70.4 | 67.3 |
| Fiscal Health Index | 71.1 | 15.9 |
| Labor Freedom Index | 50.9 | 76 |
| Investment Freedom Index | 80 | 60 |
| Financial Freedom Index | 50 | 50 |
| Trade Freedom Index | 86.4 | 67.8 |
| Monetary Freedom Index | 83.2 | 77.4 |
| Government Spending Index | 28.5 | 66.5 |
| Tax Burden Index | 56 | 82.6 |
| Government Integrity Index | 62.2 | 37.4 |
| Corruption Perceptions Index | 52 | 41 |
| Life expectancy at birth, years | 83.2 | 73.2 |
| Suicide mortality rate, per 100,000 people | 8.2 | 13.6 |
| Mortality caused by road traffic injury, per 100,000 people | 5.6 | 12.1 |
| Intentional homicides, per 100,000 people | 0.7 | 30.9 |
| International tourism, number of arrivals | 61.6M | 375k |
Government debt & reserves
| Stat | Italy | Trinidad and Tobago |
|---|---|---|
| Central government debt, % of GDP | 132.1% | 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 | 6% | N/A |
| Gross savings, % of GDP | 20.8% | N/A |
| Gross capital formation, % of GDP | 18.2% | N/A |
| Total reserves including gold | $152.4B | $8.1B |
| Foreign direct investment net inflows | $39.6B | -$602.5M |
Exports, imports and economic structure
| Stat | Italy | Trinidad and Tobago |
|---|---|---|
| Exports of goods and services, % of GDP | 31.5% | N/A |
| Imports of goods and services, % of GDP | 29% | N/A |
| Current account balance (balance of payments) | $53.8B | $1.2B |
| Revenue excluding grants, % of GDP | 37.7% | 38.4% |
| Grants excluding technical cooperation, BoP | N/A | $2.4M |
| Personal remittances received | $9.9B | $138.7M |
| Industry including construction value added, % of GDP | 21.4% | 42% |
| Agriculture, forestry and fishing value added, % of GDP | 1.9% | 1% |
| Charges for the use of intellectual property, payments BoP | $5.1B | $63.9M |
| Charges for the use of intellectual property, receipts BoP | $4.9B | $882k |
| Expense, % of GDP | 41.3% | 35.9% |
| Government Expenditure, % of GDP | 48.8% | 33.4% |
