Monaco 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 Monaco ranked 149th with $7.2B. By GDP per capita, Trinidad and Tobago and Monaco ranked 53rd vs 1st, respectively.

Gross Domestic Product & Income

Stat	Monaco	Trinidad and Tobago
GDP	$7.2B	$23.8B
GDP growth, 1 year	6.1%	0.3%
GDP growth, 5-years average	N/A	-1.5%
Population	39k	1.4M
GDP per capita	$186k	$17k
GDP per capita growth	5.3%	-0.66%
Purchasing Power Parity conversion factor	N/A	3.62
Price level ratio of PPP conversion factor GDP to market exchange rate	N/A	0.54
GDP per capita, PPP adjusted	$98k	$32k
GNI, Atlas method	N/A	$22.2B
GNI per capita	N/A	$16k
GNI, PPP adjusted	N/A	$43.1B
GNI per capita, PPP adjusted	N/A	$31k

Financial system and Human development

Stat	Monaco	Trinidad and Tobago
Income Tax Rate	N/A	25%
Corporate Tax Rate	N/A	25%
Inflation, consumer prices	N/A	1.1%
Inflation, GDP deflator	0.8%	6.1%
Unemployment	6.3%	2.8%
Economic Freedom Index	83	58.3
Personal Freedom Index	8.7	6.88
Human Freedom Index	8.7	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	82	41
Life expectancy at birth, years	89.7	73.2
Suicide mortality rate, per 100,000 people	0.2	13.6
Mortality caused by road traffic injury, per 100,000 people	0	12.1
Intentional homicides, per 100,000 people	0	30.9
International tourism, number of arrivals	347k	375k

Government debt & reserves

Stat	Monaco	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	N/A	N/A
Gross capital formation, % of GDP	N/A	N/A
Total reserves including gold	N/A	$8.1B
Foreign direct investment net inflows	N/A	-$602.5M

Exports, imports and economic structure

Stat	Monaco	Trinidad and Tobago
Exports of goods and services, % of GDP	N/A	N/A
Imports of goods and services, % of GDP	N/A	N/A
Current account balance (balance of payments)	N/A	$1.2B
Revenue excluding grants, % of GDP	N/A	38.4%
Grants excluding technical cooperation, BoP	N/A	$2.4M
Personal remittances received	N/A	$138.7M
Industry including construction value added, % of GDP	13.1%	42%
Agriculture, forestry and fishing value added, % of GDP	N/A	1%
Charges for the use of intellectual property, payments BoP	N/A	$63.9M
Charges for the use of intellectual property, receipts BoP	N/A	$882k
Expense, % of GDP	N/A	35.9%
Government Expenditure, % of GDP	N/A	33.4%