Sri Lanka vs Trinidad and Tobago: Economic Indicators Comparison

Sri Lanka with a GDP of $88.9B ranked the 65th largest economy in the world, while Trinidad and Tobago ranked 113th with $23.8B. By GDP 5-years average growth and GDP per capita, Sri Lanka and Trinidad and Tobago ranked 51st vs 175th and 120th vs 53rd, respectively.

Gross Domestic Product & Income

StatSri LankaTrinidad and Tobago
GDP$88.9B$23.8B
GDP growth, 1 year3%0.3%
GDP growth, 5-years average4.2%-1.5%
Population21.4M1.4M
GDP per capita$4.1k$17k
GDP per capita growth2.13%-0.66%
Purchasing Power Parity conversion factor49.493.62
Price level ratio of PPP conversion factor GDP to market exchange rate0.30.54
GDP per capita, PPP adjusted$13k$32k
GNI, Atlas method$87.9B$22.2B
GNI per capita$4.1k$16k
GNI, PPP adjusted$284.1B$43.1B
GNI per capita, PPP adjusted$13k$31k

Financial system and Human development

StatSri LankaTrinidad and Tobago
Income Tax Rate24%25%
Corporate Tax Rate28%25%
Inflation, consumer prices4.3%1.1%
Inflation, GDP deflator4.3%6.1%
Unemployment4.4%2.8%
Economic Freedom Index57.458.3
Personal Freedom Index5.246.88
Human Freedom Index5.696.81
Property Rights Index47.756.6
Judical Effectiveness Index39.242.1
Business Freedom Index76.567.3
Fiscal Health Index39.315.9
Labor Freedom Index58.676
Investment Freedom Index4060
Financial Freedom Index4050
Trade Freedom Index67.667.8
Monetary Freedom Index71.177.4
Government Spending Index88.966.5
Tax Burden Index84.882.6
Government Integrity Index34.737.4
Corruption Perceptions Index3841
Life expectancy at birth, years76.673.2
Suicide mortality rate, per 100,000 people14.613.6
Mortality caused by road traffic injury, per 100,000 people14.912.1
Intentional homicides, per 100,000 people2.330.9
International tourism, number of arrivals2.3M375k

Government debt & reserves

StatSri LankaTrinidad and Tobago
Central government debt, % of GDP84.1%45.3%
External debt stocks, % of GNI60.8%N/A
External debt stocks$52.6BN/A
Short-term debt, % of total reserves118.2%N/A
Total debt service, % of exports and primary income36%N/A
Adjusted net savings including particulate emission damage, % of GNI28.5%N/A
Gross savings, % of GDP25.5%N/A
Gross capital formation, % of GDP28.6%N/A
Total reserves including gold$6.9B$8.1B
Foreign direct investment net inflows$1.6B-$602.5M

Exports, imports and economic structure

StatSri LankaTrinidad and Tobago
Exports of goods and services, % of GDP22.8%N/A
Imports of goods and services, % of GDP30.1%N/A
Current account balance (balance of payments)-$2.8B$1.2B
Revenue excluding grants, % of GDP13.3%38.4%
Grants excluding technical cooperation, BoP$182.6M$2.4M
Personal remittances received$7B$138.7M
Industry including construction value added, % of GDP27%42%
Agriculture, forestry and fishing value added, % of GDP7.9%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 GDP16.2%35.9%
Government Expenditure, % of GDP19.2%33.4%

Compare with countries close by GDP per capita

Sri Lanka vs

CountryGDP
per capita
Population
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M

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
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M