Romania vs Trinidad and Tobago: Economic Indicators Comparison

Romania with a GDP of $239.6B ranked the 49th largest economy in the world, while Trinidad and Tobago ranked 113th with $23.8B. By GDP 5-years average growth and GDP per capita, Romania and Trinidad and Tobago ranked 42nd vs 175th and 64th vs 53rd, respectively.

Gross Domestic Product & Income

StatRomaniaTrinidad and Tobago
GDP$239.6B$23.8B
GDP growth, 1 year4.1%0.3%
GDP growth, 5-years average4.6%-1.5%
Population19.6M1.4M
GDP per capita$12k$17k
GDP per capita growth4.56%-0.66%
Purchasing Power Parity conversion factor1.723.62
Price level ratio of PPP conversion factor GDP to market exchange rate0.440.54
GDP per capita, PPP adjusted$26k$32k
GNI, Atlas method$219.9B$22.2B
GNI per capita$11k$16k
GNI, PPP adjusted$535.9B$43.1B
GNI per capita, PPP adjusted$28k$31k

Financial system and Human development

StatRomaniaTrinidad and Tobago
Income Tax Rate10%25%
Corporate Tax Rate16%25%
Inflation, consumer prices4.6%1.1%
Inflation, GDP deflator5.9%6.1%
Unemployment4.3%2.8%
Economic Freedom Index69.758.3
Personal Freedom Index8.746.88
Human Freedom Index86.81
Property Rights Index72.556.6
Judical Effectiveness Index56.142.1
Business Freedom Index58.667.3
Fiscal Health Index85.615.9
Labor Freedom Index6376
Investment Freedom Index7060
Financial Freedom Index5050
Trade Freedom Index86.467.8
Monetary Freedom Index78.177.4
Government Spending Index70.466.5
Tax Burden Index90.382.6
Government Integrity Index55.137.4
Corruption Perceptions Index4741
Life expectancy at birth, years75.373.2
Suicide mortality rate, per 100,000 people10.413.6
Mortality caused by road traffic injury, per 100,000 people10.312.1
Intentional homicides, per 100,000 people1.530.9
International tourism, number of arrivals11.7M375k

Government debt & reserves

StatRomaniaTrinidad and Tobago
Central government debt, % of GDP36.6%45.3%
External debt stocks, % of GNI48%N/A
External debt stocks$112.1BN/A
Short-term debt, % of total reserves37.7%N/A
Total debt service, % of exports and primary income20.8%N/A
Adjusted net savings including particulate emission damage, % of GNI3.4%N/A
Gross savings, % of GDP19.7%N/A
Gross capital formation, % of GDP24.2%N/A
Total reserves including gold$42.1B$8.1B
Foreign direct investment net inflows$7.3B-$602.5M

Exports, imports and economic structure

StatRomaniaTrinidad and Tobago
Exports of goods and services, % of GDP41.6%N/A
Imports of goods and services, % of GDP44.9%N/A
Current account balance (balance of payments)-$10.9B$1.2B
Revenue excluding grants, % of GDP28.6%38.4%
Grants excluding technical cooperation, BoP$736M$2.4M
Personal remittances received$7B$138.7M
Industry including construction value added, % of GDP29%42%
Agriculture, forestry and fishing value added, % of GDP4.3%1%
Charges for the use of intellectual property, payments BoP$962.4M$63.9M
Charges for the use of intellectual property, receipts BoP$100.8M$882k
Expense, % of GDP31.6%35.9%
Government Expenditure, % of GDP31.4%33.4%

Compare with countries close by GDP per capita

Romania vs

CountryGDP
per capita
Population
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
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
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M

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
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M