Thailand vs Trinidad and Tobago: Economic Indicators Comparison
Thailand with a GDP of $505B ranked the 26th largest economy in the world, while Trinidad and Tobago ranked 113th with $23.8B. By GDP 5-years average growth and GDP per capita, Thailand and Trinidad and Tobago ranked 86th vs 175th and 89th vs 53rd, respectively.
Gross Domestic Product & Income
| Stat |  Thailand |  Trinidad and Tobago |
|---|---|---|
| GDP | $505B | $23.8B |
| GDP growth, 1 year | 4.1% | 0.3% |
| GDP growth, 5-years average | 3.1% | -1.5% |
| Population | 65.9M | 1.4M |
| GDP per capita | $7.3k | $17k |
| GDP per capita growth | 3.8% | -0.66% |
| Purchasing Power Parity conversion factor | 12.34 | 3.62 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.38 | 0.54 |
| GDP per capita, PPP adjusted | $19k | $32k |
| GNI, Atlas method | $458.7B | $22.2B |
| GNI per capita | $6.6k | $16k |
| GNI, PPP adjusted | $1.3T | $43.1B |
| GNI per capita, PPP adjusted | $18k | $31k |
Financial system and Human development
| Stat | Thailand | Trinidad and Tobago |
|---|---|---|
| Income Tax Rate | 35% | 25% |
| Corporate Tax Rate | 20% | 25% |
| Inflation, consumer prices | 1.1% | 1.1% |
| Inflation, GDP deflator | 1.4% | 6.1% |
| Unemployment | 0.7% | 2.8% |
| Economic Freedom Index | 69.4 | 58.3 |
| Personal Freedom Index | 7.42 | 6.88 |
| Human Freedom Index | 7.11 | 6.81 |
| Property Rights Index | 59.5 | 56.6 |
| Judical Effectiveness Index | 48 | 42.1 |
| Business Freedom Index | 83 | 67.3 |
| Fiscal Health Index | 96.4 | 15.9 |
| Labor Freedom Index | 63.7 | 76 |
| Investment Freedom Index | 55 | 60 |
| Financial Freedom Index | 60 | 50 |
| Trade Freedom Index | 83 | 67.8 |
| Monetary Freedom Index | 74 | 77.4 |
| Government Spending Index | 85.9 | 66.5 |
| Tax Burden Index | 80.7 | 82.6 |
| Government Integrity Index | 43.4 | 37.4 |
| Corruption Perceptions Index | 36 | 41 |
| Life expectancy at birth, years | 76.7 | 73.2 |
| Suicide mortality rate, per 100,000 people | 14.4 | 13.6 |
| Mortality caused by road traffic injury, per 100,000 people | 32.7 | 12.1 |
| Intentional homicides, per 100,000 people | 3.2 | 30.9 |
| International tourism, number of arrivals | 38.2M | 375k |
Government debt & reserves
| Stat | Thailand | Trinidad and Tobago |
|---|---|---|
| Central government debt, % of GDP | 42.1% | 45.3% |
| External debt stocks, % of GNI | 35.1% | N/A |
| External debt stocks | $169.2B | N/A |
| Short-term debt, % of total reserves | 29.3% | N/A |
| Total debt service, % of exports and primary income | 5.4% | N/A |
| Adjusted net savings including particulate emission damage, % of GNI | 14% | N/A |
| Gross savings, % of GDP | 32.2% | N/A |
| Gross capital formation, % of GDP | 25% | N/A |
| Total reserves including gold | $205.6B | $8.1B |
| Foreign direct investment net inflows | $13.4B | -$602.5M |
Exports, imports and economic structure
| Stat | Thailand | Trinidad and Tobago |
|---|---|---|
| Exports of goods and services, % of GDP | 66.8% | N/A |
| Imports of goods and services, % of GDP | 56.5% | N/A |
| Current account balance (balance of payments) | $32.4B | $1.2B |
| Revenue excluding grants, % of GDP | 19.5% | 38.4% |
| Grants excluding technical cooperation, BoP | $90.4M | $2.4M |
| Personal remittances received | $7.5B | $138.7M |
| Industry including construction value added, % of GDP | 35% | 42% |
| Agriculture, forestry and fishing value added, % of GDP | 8.1% | 1% |
| Charges for the use of intellectual property, payments BoP | $5.3B | $63.9M |
| Charges for the use of intellectual property, receipts BoP | $163M | $882k |
| Expense, % of GDP | 18.5% | 35.9% |
| Government Expenditure, % of GDP | 21.7% | 33.4% |
