Saudi Arabia vs Trinidad and Tobago: Economic Indicators Comparison

Saudi Arabia with a GDP of $786.5B ranked the 18th largest economy in the world, while Trinidad and Tobago ranked 113th with $23.8B. By GDP 5-years average growth and GDP per capita, Saudi Arabia and Trinidad and Tobago ranked 124th vs 175th and 41st vs 53rd, respectively.

Gross Domestic Product & Income

StatSaudi ArabiaTrinidad and Tobago
GDP$786.5B$23.8B
GDP growth, 1 year2.2%0.3%
GDP growth, 5-years average2.2%-1.5%
Population33M1.4M
GDP per capita$23k$17k
GDP per capita growth0.61%-0.66%
Purchasing Power Parity conversion factor1.583.62
Price level ratio of PPP conversion factor GDP to market exchange rate0.420.54
GDP per capita, PPP adjusted$56k$32k
GNI, Atlas method$727.8B$22.2B
GNI per capita$22k$16k
GNI, PPP adjusted$1.9T$43.1B
GNI per capita, PPP adjusted$56k$31k

Financial system and Human development

StatSaudi ArabiaTrinidad and Tobago
Income Tax Rate2.5%25%
Corporate Tax Rate2.5%25%
Inflation, consumer prices2.5%1.1%
Inflation, GDP deflator11.5%6.1%
Unemployment5.9%2.8%
Economic Freedom Index62.458.3
Personal Freedom Index4.656.88
Human Freedom Index5.666.81
Property Rights Index64.656.6
Judical Effectiveness Index72.342.1
Business Freedom Index66.667.3
Fiscal Health Index19.315.9
Labor Freedom Index63.376
Investment Freedom Index4560
Financial Freedom Index5050
Trade Freedom Index75.467.8
Monetary Freedom Index8177.4
Government Spending Index61.866.5
Tax Burden Index99.882.6
Government Integrity Index49.637.4
Corruption Perceptions Index4941
Life expectancy at birth, years74.973.2
Suicide mortality rate, per 100,000 people3.213.6
Mortality caused by road traffic injury, per 100,000 people28.812.1
Intentional homicides, per 100,000 people1.330.9
International tourism, number of arrivals15.3M375k

Government debt & reserves

StatSaudi ArabiaTrinidad and Tobago
Central government debt, % of GDP19.1%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 GNI13.4%N/A
Gross savings, % of GDP33.2%N/A
Gross capital formation, % of GDP24.2%N/A
Total reserves including gold$509.5B$8.1B
Foreign direct investment net inflows$4.2B-$602.5M

Exports, imports and economic structure

StatSaudi ArabiaTrinidad and Tobago
Exports of goods and services, % of GDP39.9%N/A
Imports of goods and services, % of GDP26.7%N/A
Current account balance (balance of payments)$70.6B$1.2B
Revenue excluding grants, % of GDP26.8%38.4%
Grants excluding technical cooperation, BoP$290k$2.4M
Personal remittances received$334.9M$138.7M
Industry including construction value added, % of GDP49.5%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 GDP28%35.9%
Government Expenditure, % of GDP35.7%33.4%

Compare with countries close by GDP per capita

Saudi Arabia vs

CountryGDP
per capita
Population
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
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

Trinidad and Tobago vs

CountryGDP
per capita
Population
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
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
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M