Tanzania vs Trinidad and Tobago: Economic Indicators Comparison

Tanzania with a GDP of $58B ranked the 80th largest economy in the world, while Trinidad and Tobago ranked 113th with $23.8B. By GDP 5-years average growth and GDP per capita, Tanzania and Trinidad and Tobago ranked 18th vs 175th and 169th vs 53rd, respectively.

Gross Domestic Product & Income

StatTanzaniaTrinidad and Tobago
GDP$58B$23.8B
GDP growth, 1 year6.6%0.3%
GDP growth, 5-years average6.6%-1.5%
Population57.3M1.4M
GDP per capita$1.1k$17k
GDP per capita growth2.12%-0.66%
Purchasing Power Parity conversion factor741.253.62
Price level ratio of PPP conversion factor GDP to market exchange rate0.330.54
GDP per capita, PPP adjusted$3.4k$32k
GNI, Atlas method$55.7B$22.2B
GNI per capita$1k$16k
GNI, PPP adjusted$171.7B$43.1B
GNI per capita, PPP adjusted$3.2k$31k

Financial system and Human development

StatTanzaniaTrinidad and Tobago
Income Tax Rate30%25%
Corporate Tax Rate30%25%
Inflation, consumer prices3.5%1.1%
Inflation, GDP deflator4.8%6.1%
Unemployment1.9%2.8%
Economic Freedom Index61.758.3
Personal Freedom Index6.516.88
Human Freedom Index6.376.81
Property Rights Index41.956.6
Judical Effectiveness Index43.442.1
Business Freedom Index45.967.3
Fiscal Health Index92.915.9
Labor Freedom Index66.476
Investment Freedom Index5560
Financial Freedom Index5050
Trade Freedom Index67.867.8
Monetary Freedom Index72.277.4
Government Spending Index91.666.5
Tax Burden Index80.682.6
Government Integrity Index32.537.4
Corruption Perceptions Index3641
Life expectancy at birth, years64.573.2
Suicide mortality rate, per 100,000 people5.413.6
Mortality caused by road traffic injury, per 100,000 people29.212.1
Intentional homicides, per 100,000 people730.9
International tourism, number of arrivals1.4M375k

Government debt & reserves

StatTanzaniaTrinidad and Tobago
Central government debt, % of GDP36%45.3%
External debt stocks, % of GNI33.1%N/A
External debt stocks$18.6BN/A
Short-term debt, % of total reserves35.9%N/A
Total debt service, % of exports and primary income8.4%N/A
Adjusted net savings including particulate emission damage, % of GNI23.1%N/A
Gross savings, % of GDP30.5%N/A
Gross capital formation, % of GDP34%N/A
Total reserves including gold$5B$8.1B
Foreign direct investment net inflows$1.1B-$602.5M

Exports, imports and economic structure

StatTanzaniaTrinidad and Tobago
Exports of goods and services, % of GDP15.1%N/A
Imports of goods and services, % of GDP17.1%N/A
Current account balance (balance of payments)-$1.9B$1.2B
Revenue excluding grants, % of GDP13.7%38.4%
Grants excluding technical cooperation, BoP$1.6B$2.4M
Personal remittances received$412.9M$138.7M
Industry including construction value added, % of GDP25.1%42%
Agriculture, forestry and fishing value added, % of GDP28.7%1%
Charges for the use of intellectual property, payments BoP$6.1M$63.9M
Charges for the use of intellectual property, receipts BoP$83k$882k
Expense, % of GDP14.3%35.9%
Government Expenditure, % of GDP16.8%33.4%

Compare with countries close by GDP per capita

Tanzania vs

CountryGDP
per capita
Population
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M

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