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Economy of Saudi Arabia vs Trinidad and Tobago compared: GDP & Debt

Updated on by Georank

Saudi Arabia has a GDP of $1.28T compared to $25.9B for Trinidad and Tobago, ranking 19/197 and 122/197 by economy size, respectively.

Saudi Arabia has $405B in government debt (31.7% of GDP), compared to $21.8B (84.2% of GDP) in Trinidad and Tobago.

Saudi Arabia vs Trinidad and Tobago GDP by year

Saudi Arabia
Trinidad and Tobago
1x
Year GDP, current $
Saudi Arabia Trinidad
2025 $1,276,942,933,333 $25,942,749,718
2024 $1,254,140,800,000 $25,633,544,529
2023 $1,218,584,800,000 $25,036,993,423
2022 $1,239,075,200,000 $28,341,164,301
2021 $982,661,066,667 $24,222,963,263
2020 $767,951,200,000 $20,888,515,184
2019 $888,890,133,333 $23,477,745,792
2018 $886,564,800,000 $23,883,058,083
2017 $741,266,133,333 $23,830,750,901
2016 $689,279,466,667 $23,624,322,193
2015 $693,414,400,000 $26,841,141,793
2014 $787,153,066,667 $29,474,180,005
2013 $769,755,733,333 $28,560,537,057
2012 $751,921,333,333 $27,147,349,937
2011 $680,660,800,000 $25,433,007,437
2010 $528,207,466,667 $22,157,920,592
2009 $429,097,866,667 $19,172,165,226
2008 $519,796,800,000 $27,871,587,350
2007 $415,964,509,673 $21,641,620,050
2006 $376,900,133,511 $18,369,361,094
2005 $328,459,608,764 $15,982,389,018
2004 $258,742,133,333 $13,280,291,990
2003 $215,807,733,333 $11,305,459,802
2002 $189,605,866,667 $9,008,298,229
2001 $184,137,600,000 $8,824,849,191
2000 $189,514,933,333 $8,154,342,116
1999 $161,717,066,667 $6,808,982,521
1998 $146,775,466,667 $6,043,686,654
1997 $165,963,684,913 $5,737,771,523
1996 $158,662,483,311 $5,759,570,336
1995 $143,343,124,166 $5,329,217,747
1994 $135,174,899,866 $4,947,181,646
1993 $132,967,957,276 $4,669,491,134
1992 $137,087,850,467 $5,439,552,941
1991 $132,223,230,975 $5,307,905,882
1990 $117,630,173,565 $5,068,000,000
1989 $95,344,459,279 $4,323,058,824
1988 $88,256,074,766 $4,496,910,569
1987 $85,695,861,148 $4,797,777,778
1986 $86,961,922,765 $4,794,444,444
1985 $103,897,846,494 $7,375,918,367
1984 $119,624,858,116 $7,757,083,333
1983 $129,171,635,311 $7,763,750,000
1982 $153,240,313,858 $8,140,416,667
1981 $184,291,360,139 $6,992,083,333
1980 $164,539,660,725 $6,235,833,333
1979 $111,858,444,786 $4,602,416,625
1978 $80,266,516,687 $3,562,333,458
1977 $74,188,986,586 $3,138,666,667
1976 $64,005,665,722 $2,500,424,955
1975 $46,773,208,643 $2,442,669,825
1974 $45,412,957,746 $2,042,001,071
1973 $14,947,435,499 $1,308,785,431
1972 $9,664,267,087 $1,083,391,758
1971 $7,184,806,909 $896,765,215
1970 $5,377,333,333 $821,850,000
1969 $4,485,777,644 $779,200,000
1968 $4,187,777,711 $758,899,950
1967 $3,257,022,223 $761,981,912
1966 $2,920,555,557 $723,739,857
1965 $2,647,955,558 $736,573,159
1964 $2,371,808,713 $711,897,520
1963 $2,207,393,172 $678,239,329
1962 $2,130,606,532 $619,322,810
1961 $1,920,811,284 $584,964,621
1960 $1,748,124,064 $535,673,252

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Saudi Arabia vs Trinidad and Tobago by year

Saudi Arabia
GDP per capita

GDP per capita, PPP
Trinidad and Tobago
GDP per capita

GDP per capita, PPP
1x
Year Current $
Saudi Arabia Trinidad
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $34,537 - $18,967 -
2024 $35,528 $71,375 $18,733 $36,329
2023 $36,157 $71,565 $18,308 $34,623
2022 $38,510 $71,968 $20,751 $32,979
2021 $31,921 $62,690 $17,713 $30,482
2020 $24,339 $47,518 $15,284 $26,731
2019 $29,567 $59,560 $17,213 $29,316
2018 $29,360 $59,378 $17,571 $28,673
2017 $23,929 $53,120 $17,566 $28,484
2016 $22,268 $49,937 $17,449 $28,232
2015 $23,256 $53,931 $19,887 $29,825
2014 $27,805 $62,578 $21,908 $32,027
2013 $27,865 $62,203 $21,305 $31,746
2012 $28,733 $65,034 $20,332 $31,883
2011 $27,127 $64,125 $19,151 $31,078
2010 $22,028 $58,829 $16,815 $30,778
2009 $17,718 $54,787 $14,634 $29,602
2008 $22,320 $57,236 $21,299 $30,807
2007 $18,596 $55,030 $16,607 $29,355
2006 $17,564 $54,639 $14,153 $27,393
2005 $15,976 $53,548 $12,346 $23,536
2004 $13,154 $51,225 $9,871 $20,674
2003 $11,487 $48,078 $8,445 $18,743
2002 $10,586 $45,466 $6,763 $16,141
2001 $10,805 $47,381 $6,657 $14,797
2000 $11,715 $48,644 $6,179 $13,953
1999 $10,452 $47,495 $5,179 $12,812
1998 $9,836 $48,867 $4,613 $11,735
1997 $11,545 $48,796 $4,394 $10,769
1996 $11,472 $48,569 $4,427 $9,883
1995 $10,786 $48,052 $4,115 $9,099
1994 $10,602 $48,904 $3,840 $8,631
1993 $10,885 $49,503 $3,647 $8,209
1992 $11,730 $50,355 $4,277 $8,129
1991 $11,847 $49,295 $4,205 $7,274
1990 $11,055 $46,214 $4,047 $6,878
1989 $9,414 - $3,482 -
1988 $9,165 - $3,656 -
1987 $9,386 - $3,941 -
1986 $10,078 - $3,985 -
1985 $12,745 - $6,212 -
1984 $15,541 - $6,613 -
1983 $17,810 - $6,690 -
1982 $22,454 - $7,091 -
1981 $28,703 - $6,160 -
1980 $27,206 - $5,559 -
1979 $19,612 - $4,155 -
1978 $14,914 - $3,258 -
1977 $14,595 - $2,907 -
1976 $13,313 - $2,345 -
1975 $10,266 - $2,319 -
1974 $10,503 - $1,962 -
1973 $3,640 - $1,273 -
1972 $2,474 - $1,067 -
1971 $1,929 - $894 -
1970 $1,509 - $829 -
1969 $1,313 - $795 -
1968 $1,276 - $783 -
1967 $1,032 - $797 -
1966 $961 - $768 -
1965 $904 - $793 -
1964 $840 - $780 -
1963 $812 - $756 -
1962 $813 - $704 -
1961 $760 - $678 -
1960 $718 - $634 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Saudi Arabia's GDP per capita is $34,537, ranking 36/197, compared to $18,967 in Trinidad and Tobago, ranking 65/197. Adjusted for purchasing power (GDP per capita PPP), Saudi Arabia ranks 24th at $71,375, while Trinidad and Tobago ranks 62nd at $36,329.

Economic indicators

Saudi Arabia Trinidad
Gross domestic product
$1.28T
2025
$25.9B
2025
GDP rank
19/197
2025
122/197
2025
GDP growth
4.5%
2024-2025
-0.79%
2024-2025
GDP per capita
$34,537
2025
$18,967
2025
GDP per capita rank
36/197
2025
65/197
2025
GDP per capita, PPP
$71,375
2024
$36,329
2024
GDP per capita PPP rank
24/197
2024
62/197
2024
Government debt
$405B
2025
$21.8B
2025
Debt-to-GDP ratio
31.7%
2025
84.2%
2025
Government debt per person
$10,956
2025
$15,965
2025
Government debt per person rank
57/185
2025
43/185
2025
Average annual personal income after taxes
$22,010
2026
$10,176
2026
Market capitalization of domestic companies
$2.36T
2025
$3.89B
2001
Number of millionaires
348,000
2026
n/a
Number of billionaires
15
2026
n/a
Income share by richest 10% n/a
29.9%
1992
Income share by poorest 10% n/a
2.1%
1992
Government expenditure, % of GDP
29%
2025
32.4%
2025
Consumer prices inflation
2.08%
2024-2025
0.99%
2024-2025
Central bank interest rate
4.25%
2025
3.5%
2020
Unemployment rate
3.24%
2025
4.01%
2024
Population
37955120
1370916

Spending and national debt comparison by year

Saudi Arabia
Spending

Debt
Trinidad and Tobago
Spending

Debt
1x
Year % of GDP
Saudi Arabia Trinidad
Government spending Government debt Government spending Government debt
2025 29% 31.7% 32.4% 84.2%
2024 29.2% 25.9% 32.2% 81.8%
2023 28.3% 23% 32.4% 78.2%
2022 25.3% 21.3% 28.3% 69.9%
2021 28.2% 25.5% 31.4% 80.2%
2020 37.4% 29.7% 35.1% 81.6%
2019 31.8% 20.3% 31% 62.9%
2018 32.4% 16.8% 30.2% 58.1%
2017 30.9% 15.9% 30.9% 57.2%
2016 33.3% 12.2% 31.2% 53.3%
2015 38.5% 5.47% 34.1% 43.2%
2014 38.6% 1.5% 33% 37.1%
2013 34.5% 2.08% 31.7% 32.9%
2012 32.5% 2.97% 29.9% 32.9%
2011 32.4% 5.31% 30.4% 39.2%
2010 33% 8.43% 31.5% 28.9%
2009 37.1% 14% 33.4% 34.2%
2008 26.7% 12.1% 28.2% 24.6%
2007 29.5% 17.1% 26.8% 29.4%
2006 27.3% 25.8% 34.6% 32.7%
2005 28.2% 37.3% 29.5% 36.6%
2004 31.1% 62.9% 23.3% 43.3%
2003 33.1% 81.6% 23.5% 52.4%
2002 35.9% 96.4% 24.6% 58.2%
2001 36.9% 93.1% 25.2% 54.2%
2000 33.1% 86.7% 24.1% 52.3%
1999 30.3% 103% 24.8% 55.2%
1998 34.5% 101.5% 27.3% 47.4%
1997 35.6% 76.7% 27.4% 51.3%
1996 33.3% 75.2% 28.2% 51.9%
1995 32.4% 74.2% 26.7% 57.3%
1994 33.8% 67.9% 26.5% 64.8%
1993 37.7% 58.6% 27.3% 59.6%
1992 41.2% 47.8% 28.8% 49.5%
1991 34.9% 39.4% 30% 50%
1990 39.3% - 27.9% 49.5%
1989 - - 30.9% 51.9%
1988 - - 45.3% 65.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1988–1989, retrieved 2026-07-08).

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

In 2025, Saudi Arabia's government spending was $370B, accounting for 29% of its GDP, while Trinidad and Tobago spent $8.39B, or 32.4% of GDP.

Debt-to-GDP ratio is 31.7% in Saudi Arabia and 84.2% in Trinidad and Tobago, ranking 151/185 and 37/185, respectively.

Government deficit by year

Deficit/surplus
Saudi Arabia

Trinidad and Tobago
1x
Year Deficit/surplus, % of GDP
Saudi Arabia Trinidad
2025 -5.77% -5.46%
2024 -2.46% -5.92%
2023 -1.77% -1.2%
2022 2.24% 0.96%
2021 -1.99% -8.39%
2020 -10.2% -11.8%
2019 -3.96% -3.72%
2018 -5.21% -5.89%
2017 -8.57% -10.5%
2016 -13.2% -9.84%
2015 -14.9% -7.37%
2014 -3.4% -4.34%
2013 5.47% -2.7%
2012 11.7% -1.28%
2011 11.4% -0.69%
2010 4.39% 0.14%
2009 -5.38% -4.88%
2008 29.8% 5.7%
2007 11.8% 3.24%
2006 20.8% -0.3%
2005 18% 0.84%
2004 9.72% 1.91%
2003 1.2% 1.9%
2002 -5.91% -0.2%
2001 -3.91% 0.62%
2000 3.18% 0.18%
1999 -5.99% -0.9%
1998 -8.88% -1.83%
1997 -2.51% 0.11%
1996 -3.25% -0.46%
1995 -5.12% 0.17%
1994 -8.31% -0.02%
1993 -9.33% 0.24%
1992 -8.12% -2.76%
1991 -3.28% -0.21%
1990 - -1.32%
1989 - -4.46%
1988 - -9.34%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1988–1989, retrieved 2026-07-08).

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

In 2025, Saudi Arabia's government deficit, the difference between spending and revenue, was $73.7B, equivalent to 5.77% of GDP. This compares to Trinidad and Tobago's deficit of $1.42B, or 5.46% of GDP.

Over the past 35 years, Saudi Arabia recorded a fiscal deficit in 23 of those years, while Trinidad and Tobago ran a deficit in 23 years. On average, Saudi Arabia posted an annual deficit equal to 0.34% of GDP, compared to deficit of 2.13% of GDP for Trinidad and Tobago.

Inflation comparison by year

Inflation
Saudi Arabia

Trinidad and Tobago
1x
Year Consumer prices inflation
Saudi Arabia Trinidad
2025 2.08% 0.99%
2024 1.69% 0.53%
2023 2.33% 4.63%
2022 2.47% 5.83%
2021 3.06% 2.06%
2020 3.37% 0.6%
2019 -1.19% 1%
2018 2.47% 1.02%
2017 -0.83% 1.88%
2016 2.05% 3.07%
2015 1.22% 4.66%
2014 2.24% 5.68%
2013 3.51% 5.2%
2012 2.87% 9.26%
2011 5.83% 5.11%
2010 5.34% 10.5%
2009 5.06% 6.98%
2008 9.87% 12%
2007 4.17% 7.89%
2006 2.21% 8.33%
2005 0.48% 6.87%
2004 0.52% 3.72%
2003 0.61% 3.81%
2002 0.25% 4.15%
2001 -1.12% 5.54%
2000 -1.12% 3.56%
1999 -1.33% 3.44%
1998 -0.37% 5.61%
1997 0.06% 3.63%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Saudi Arabia has recorded an average annual inflation rate of 1.99%, compared with 4.75% in Trinidad and Tobago. In 2025, inflation was 2.08% in Saudi Arabia and 0.99% in Trinidad and Tobago.

Top exports between countries

Saudi Arabia
Export category Export value
Raw materials & minerals $56.6M
Chemicals & pharma $512K
Machinery & equipment $167K
Processed food, beverages & tobacco $123K
Textiles & consumer goods $64K
Raw agricultural goods $54K
Wood & paper products $35K
Miscellaneous $4K
Metals $3K
Trinidad
Export category Export value
Chemicals & pharma $18.3M
Machinery & equipment $166K
Raw materials & minerals $73K
Textiles & consumer goods $62K
Processed food, beverages & tobacco $28K
Metals $27K

Balance of trade

Saudi Arabia Trinidad
Current account balance
-$32.7B
2025
$1.25B
2025
Current account balance ranking
185/190
2025
48/190
2025
Current account balance, % of GDP
-2.56%
2025
+4.81%
2025
Goods imports
$230B
2025
$6.83B
2025
Goods exports
$311B
2025
$10.2B
2025
Service imports
$129B
2025
$2.8B
2025
Service exports
$69.4B
2025
$1.27B
2025
Imports of goods and services, % of GDP
28.2%
2025
n/a
Exports of goods and services, % of GDP
29.7%
2025
45%
2026

Economic freedom indices

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

Saudi Arabia Trinidad
Economic freedom 65.4 62.4
Economic freedom ranking 65/197 87/197
Property rights 51.4 47.3
Government integrity 52.7 45.5
Judicial effectiveness 38.2 58.8
Tax burden 99.2 76.1
Government spending 77 71.1
Fiscal health 97.9 86.3
Business freedom 71.2 67.1
Labor freedom 41.8 57.2
Monetary freedom 81.2 81
Trade freedom 73.8 68.8
Investment freedom 50 50
Financial freedom 50 40

Economic freedom comparison by year

Saudi Arabia
Trinidad and Tobago
1x
Year Economic freedom index
Saudi Arabia Trinidad
2026 65.4 62.4
2025 64.4 63.6
2024 61.9 60.4
2023 58.3 59.5
2022 55.5 58.8
2021 66 59
2020 62.4 58.3
2019 60.7 57
2018 59.6 57.7
2017 64.4 61.2
2016 62.1 62.9
2015 62.1 64.1
2014 62.2 62.7
2013 60.6 62.3
2012 62.5 64.4
2011 66.2 66.5
2010 64.1 65.7
2009 64.3 68
2008 62.5 69.5
2007 60.9 70.6
2006 63 70.4
2005 63 71.5
2004 60.4 71.3
2003 63.2 68.8
2002 65.3 70.1
2001 62.2 71.8
2000 66.5 74.5
1999 65.5 72.4
1998 69.3 72
1997 68.7 71.3
1996 68.3 69.2

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Saudi Arabia is 65.4, ranking 65/197, 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

Saudi Arabia Trinidad
Services, % of GDP
48.9%
2025
59.2%
2024
Industry, % of GDP
43%
2025
34.6%
2024
Agriculture, forestry, and fishing, % of GDP
2.59%
2025
0.78%
2024
GNI, Atlas method
$1.33T
2025
$25.4B
2025
GNI per capita, PPP
$74,400
2025
$36,080
2025
Total reserves including gold
$505B
2025
$5.6B
2024
Total reserves ranking
8/177
2025
99/177
2024
Net foreign direct investment
-$5.6B
2025
$404M
2025
Net inflows of foreign direct investment
$21.3B
2024
-$453M
2024
Net outflows of foreign direct investment
$27.6B
2024
$527M
2024
Poverty at national poverty lines n/a
20%
2020
Gross capital formation, % of GDP
31.6%
2025
19%
2023

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2022–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1988–1989, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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.

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.