Oman vs Trinidad and Tobago: Economic Indicators Comparison

Oman with a GDP of $79.3B ranked the 69th largest economy in the world, while Trinidad and Tobago ranked 113th with $23.8B. By GDP 5-years average growth and GDP per capita, Oman and Trinidad and Tobago ranked 114th vs 175th and 56th vs 53rd, respectively.

Gross Domestic Product & Income

StatOmanTrinidad and Tobago
GDP$79.3B$23.8B
GDP growth, 1 year2.1%0.3%
GDP growth, 5-years average2.4%-1.5%
Population4.8M1.4M
GDP per capita$16k$17k
GDP per capita growth-1.68%-0.66%
Purchasing Power Parity conversion factor0.153.62
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.54
GDP per capita, PPP adjusted$47k$32k
GNI, Atlas method$73.1B$22.2B
GNI per capita$15k$16k
GNI, PPP adjusted$201.3B$43.1B
GNI per capita, PPP adjusted$42k$31k

Financial system and Human development

StatOmanTrinidad and Tobago
Income Tax Rate0%25%
Corporate Tax Rate12%25%
Inflation, consumer prices0.9%1.1%
Inflation, GDP deflator10.3%6.1%
Unemployment3.1%2.8%
Economic Freedom Index63.658.3
Personal Freedom Index5.556.88
Human Freedom Index6.36.81
Property Rights Index66.456.6
Judical Effectiveness Index66.242.1
Business Freedom Index74.667.3
Fiscal Health Index14.815.9
Labor Freedom Index56.976
Investment Freedom Index6560
Financial Freedom Index6050
Trade Freedom Index81.667.8
Monetary Freedom Index78.477.4
Government Spending Index36.266.5
Tax Burden Index98.482.6
Government Integrity Index64.637.4
Corruption Perceptions Index5241
Life expectancy at birth, years77.473.2
Suicide mortality rate, per 100,000 people3.913.6
Mortality caused by road traffic injury, per 100,000 people16.112.1
Intentional homicides, per 100,000 people0.530.9
International tourism, number of arrivals2.3M375k

Government debt & reserves

StatOmanTrinidad and Tobago
Central government debt, % of GDP50.9%45.3%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI-11.3%N/A
Gross savings, % of GDP23.9%N/A
Gross capital formation, % of GDP23.2%N/A
Total reserves including gold$17.4B$8.1B
Foreign direct investment net inflows$6.3B-$602.5M

Exports, imports and economic structure

StatOmanTrinidad and Tobago
Exports of goods and services, % of GDP58.3%N/A
Imports of goods and services, % of GDP44.5%N/A
Current account balance (balance of payments)-$4.3B$1.2B
Revenue excluding grants, % of GDPN/A38.4%
Grants excluding technical cooperation, BoP$17M$2.4M
Personal remittances received$39M$138.7M
Industry including construction value added, % of GDP46.8%42%
Agriculture, forestry and fishing value added, % of GDP2.2%1%
Charges for the use of intellectual property, payments BoPN/A$63.9M
Charges for the use of intellectual property, receipts BoPN/A$882k
Expense, % of GDPN/A35.9%
Government Expenditure, % of GDP46.1%33.4%

Compare with countries close by GDP per capita

Oman vs

CountryGDP
per capita
Population
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
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
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k

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
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
Mauritius
$11k
1.26M