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

Stat	Saudi Arabia	Trinidad and Tobago
GDP	$786.5B	$23.8B
GDP growth, 1 year	2.2%	0.3%
GDP growth, 5-years average	2.2%	-1.5%
Population	33M	1.4M
GDP per capita	$23k	$17k
GDP per capita growth	0.61%	-0.66%
Purchasing Power Parity conversion factor	1.58	3.62
Price level ratio of PPP conversion factor GDP to market exchange rate	0.42	0.54
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

Stat	Saudi Arabia	Trinidad and Tobago
Income Tax Rate	2.5%	25%
Corporate Tax Rate	2.5%	25%
Inflation, consumer prices	2.5%	1.1%
Inflation, GDP deflator	11.5%	6.1%
Unemployment	5.9%	2.8%
Economic Freedom Index	62.4	58.3
Personal Freedom Index	4.65	6.88
Human Freedom Index	5.66	6.81
Property Rights Index	64.6	56.6
Judical Effectiveness Index	72.3	42.1
Business Freedom Index	66.6	67.3
Fiscal Health Index	19.3	15.9
Labor Freedom Index	63.3	76
Investment Freedom Index	45	60
Financial Freedom Index	50	50
Trade Freedom Index	75.4	67.8
Monetary Freedom Index	81	77.4
Government Spending Index	61.8	66.5
Tax Burden Index	99.8	82.6
Government Integrity Index	49.6	37.4
Corruption Perceptions Index	49	41
Life expectancy at birth, years	74.9	73.2
Suicide mortality rate, per 100,000 people	3.2	13.6
Mortality caused by road traffic injury, per 100,000 people	28.8	12.1
Intentional homicides, per 100,000 people	1.3	30.9
International tourism, number of arrivals	15.3M	375k

Government debt & reserves

Stat	Saudi Arabia	Trinidad and Tobago
Central government debt, % of GDP	19.1%	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	13.4%	N/A
Gross savings, % of GDP	33.2%	N/A
Gross capital formation, % of GDP	24.2%	N/A
Total reserves including gold	$509.5B	$8.1B
Foreign direct investment net inflows	$4.2B	-$602.5M

Exports, imports and economic structure

Stat	Saudi Arabia	Trinidad and Tobago
Exports of goods and services, % of GDP	39.9%	N/A
Imports of goods and services, % of GDP	26.7%	N/A
Current account balance (balance of payments)	$70.6B	$1.2B
Revenue excluding grants, % of GDP	26.8%	38.4%
Grants excluding technical cooperation, BoP	$290k	$2.4M
Personal remittances received	$334.9M	$138.7M
Industry including construction value added, % of GDP	49.5%	42%
Agriculture, forestry and fishing value added, % of GDP	2.2%	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	28%	35.9%
Government Expenditure, % of GDP	35.7%	33.4%