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Trinidad and Tobago World Economy Ranking: 61 stats

Economic indicators provided by The World Bank. Freedom indexes by The Heritage and Cato Institute. Human development data from the United Nations Office of Drugs and Crime.

Gross Domestic Product & Income

StatTrinidad and TobagoRank
GDP$23.8B113
GDP growth, 1 year0.3%176
GDP growth, 5-years average-1.5%175
Population1.4M151
GDP per capita$17k53
GDP per capita growth-0.66%167
Purchasing Power Parity conversion factor3.62105
Price level ratio of PPP conversion factor GDP to market exchange rate0.5482
GDP per capita, PPP adjusted$32k46
GNI, Atlas method$22.2B111
GNI per capita$16k47
GNI, PPP adjusted$43.1B111
GNI per capita, PPP adjusted$31k41

Financial system and Human development

StatTrinidad and TobagoRank
Income Tax Rate25%69
Corporate Tax Rate25%91
Inflation, consumer prices1.1%35
Inflation, GDP deflator6.1%147
Unemployment2.8%37
Economic Freedom Index58.3118
Personal Freedom Index6.88107
Human Freedom Index6.8197
Property Rights Index56.691
Judical Effectiveness Index42.1100
Business Freedom Index67.374
Fiscal Health Index15.9159
Labor Freedom Index7622
Investment Freedom Index6086
Financial Freedom Index5086
Trade Freedom Index67.8123
Monetary Freedom Index77.481
Government Spending Index66.5102
Tax Burden Index82.660
Government Integrity Index37.496
Corruption Perceptions Index4197
Life expectancy at birth, years73.2102
Suicide mortality rate, per 100,000 people13.6159
Mortality caused by road traffic injury, per 100,000 people12.171
Intentional homicides, per 100,000 people30.9187
International tourism, number of arrivals375k141

Government debt & reserves

StatTrinidad and TobagoRank
Central government debt, % of GDP45.3%112
External debt stocks, % of GNIN/A-
External debt stocksN/A-
Short-term debt, % of total reservesN/A-
Total debt service, % of exports and primary incomeN/A-
Adjusted net savings including particulate emission damage, % of GNIN/A-
Gross savings, % of GDPN/A-
Gross capital formation, % of GDPN/A-
Total reserves including gold$8.1B74
Foreign direct investment net inflows-$602.5M181

Exports, imports and economic structure

StatTrinidad and TobagoRank
Exports of goods and services, % of GDPN/A-
Imports of goods and services, % of GDPN/A-
Current account balance (balance of payments)$1.2B34
Revenue excluding grants, % of GDP38.4%18
Grants excluding technical cooperation, BoP$2.4M157
Personal remittances received$138.7M137
Industry including construction value added, % of GDP42%19
Agriculture, forestry and fishing value added, % of GDP1%172
Charges for the use of intellectual property, payments BoP$63.9M76
Charges for the use of intellectual property, receipts BoP$882k107
Expense, % of GDP35.9%28
Government Expenditure, % of GDP33.4%79

Compare Trinidad and Tobago Economy with other countries

CountryGDP
per capita
Population
CountryGDP
per capita
Population
Afghanistan
$521
34.9M
Albania
$5.3k
3.02M
Algeria
$4.1k
41.3M
Andorra
$42k
76.2k
Angola
$3.4k
29.8M
Antigua and Barbuda
$17k
102k
Argentina
$12k
44.9M
Armenia
$4.2k
2.93M
Australia
$57k
24.5M
Austria
$51k
8.81M
Azerbaijan
$4.7k
10M
Bahamas
$32k
395k
Bahrain
$24k
1.49M
Bangladesh
$1.7k
165M
Barbados
$18k
286k
Belarus
$6.3k
9.41M
Belgium
$48k
11.4M
Belize
$4.9k
375k
Benin
$902
11.2M
Bhutan
$3.2k
808k
Bolivia
$3.5k
11.1M
Bosnia and Herzegovina
$6.1k
3.51M
Botswana
$8.3k
2.29M
Brazil
$8.9k
210M
Brunei
$32k
429k
Bulgaria
$9.3k
7M
Burkina Faso
$715
19.2M
Burundi
$272
10.9M
Cambodia
$1.5k
16M
Cameroon
$1.5k
24.1M
Canada
$46k
37.9M
Cape Verde
$3.6k
546k
Cayman Islands
$81k
58.4k
Central African Republic
$476
4.66M
Chad
$728
15.5M
Chile
$16k
18.1M
China
$9.8k
1.41B
Colombia
$6.7k
49.1M
Comoros
$1.4k
824k
Congo
$2.1k
5.26M
Costa Rica
$12k
4.91M
Croatia
$15k
4.11M
Cuba
$8.8k
11.5M
Curacao
$20k
160k
Cyprus
$28k
1.14M
Czech Republic
$23k
10.7M
DR Congo
$562
86.8M
Denmark
$61k
5.83M
Djibouti
$3.1k
957k
Dominica
$7.7k
73.9k
Dominican Republic
$8.1k
10.4M
East Timor
$2k
1.3M
Ecuador
$6.3k
16.6M
Egypt
$2.5k
94.8M
El Salvador
$4.1k
6.42M
Equatorial Guinea
$10k
1.27M
Eritrea
$811
3.5M
Estonia
$23k
1.32M
Eswatini
$4.1k
1.37M
Ethiopia
$772
105M
Fiji
$6.3k
906k
Finland
$50k
5.5M
France
$41k
66.6M
Gabon
$8k
2.03M
Gambia
$716
2.1M
Georgia
$4.7k
3.72M
Germany
$48k
83.1M
Ghana
$2.2k
26.9M
Greece
$20k
10.8M
Grenada
$11k
108k
Guatemala
$4.5k
17.3M
Guinea
$879
12.7M
Guinea-Bissau
$778
1.86M
Guyana
$5k
778k
Haiti
$868
11M
Honduras
$2.5k
9.27M
Hungary
$16k
9.94M
Iceland
$73k
357k
India
$2k
1.33B
Indonesia
$3.9k
264M
Iran
$5.6k
80M
Iraq
$5.8k
38.3M
Ireland
$79k
4.76M
Israel
$42k
9.09M
Italy
$34k
60.3M
Ivory Coast
$1.7k
24.3M
Jamaica
$5.4k
2.89M
Japan
$39k
127M
Jordan
$4.2k
10.4M
Kazakhstan
$9.8k
18.3M
Kenya
$1.7k
48.5M
Kiribati
$1.6k
116k
Kuwait
$34k
4.6M
Kyrgyzstan
$1.3k
6.2M
Laos
$2.5k
6.86M
Latvia
$18k
1.91M
Lebanon
$8.3k
6.1M
Lesotho
$1.3k
2.23M
Liberia
$677
4.73M
Libya
$7.2k
6.68M
Liechtenstein
$165k
37.9k
Lithuania
$19k
2.79M
Luxembourg
$117k
626k
Madagascar
$528
25.6M
Malawi
$389
18.6M
Malaysia
$11k
31.6M
Maldives
$10k
436k
Mali
$900
18.5M
Malta
$30k
465k
Marshall Islands
$3.8k
53.1k
Mauritania
$1.2k
4.42M
Mauritius
$11k
1.26M
Mexico
$9.7k
131M
Moldova
$3.2k
2.55M
Monaco
$186k
38.7k
Mongolia
$4.1k
3.08M
Montenegro
$8.8k
622k
Morocco
$3.2k
36M
Mozambique
$499
29.7M
Myanmar
$1.3k
53.4M
Namibia
$5.9k
2.53M
Nauru
$9.9k
13.7k
Nepal
$1k
29.4M
Netherlands
$53k
17.3M
New Zealand
$42k
4.94M
Nicaragua
$2k
6.22M
Niger
$414
21.5M
Nigeria
$2k
191M
North Korea
$1.7k
25.5M
North Macedonia
$6.1k
2.08M
Norway
$82k
5.37M
Oman
$16k
4.83M
Pakistan
$1.5k
197M
Palau
$16k
21.7k
Palestine
$3.2k
4.68M
Panama
$16k
4.1M
Papua New Guinea
$2.7k
8.25M
Paraguay
$5.8k
6.81M
Peru
$6.9k
29.4M
Philippines
$3.1k
105M
Poland
$15k
38.4M
Portugal
$23k
10.6M
Qatar
$69k
2.64M
Romania
$12k
19.6M
Russia
$11k
147M
Rwanda
$773
12.2M
Saint Kitts and Nevis
$19k
55.3k
Saint Lucia
$11k
179k
Saint Vincent
$7.4k
110k
Samoa
$4.2k
196k
San Marino
$48k
33.4k
Sao Tome and Principe
$2k
204k
Saudi Arabia
$23k
33M
Senegal
$1.5k
15.9M
Serbia
$7.2k
7.02M
Seychelles
$16k
95.8k
Sierra Leone
$534
7.56M
Singapore
$65k
5.89M
Slovakia
$19k
5.4M
Slovenia
$26k
2.07M
Solomon Islands
$2.1k
611k
Somalia
$315
11M
South Africa
$6.4k
57.7M
South Korea
$31k
51.5M
South Sudan
$1.1k
12.6M
Spain
$30k
46.7M
Sri Lanka
$4.1k
21.4M
Sudan
$977
40.5M
Suriname
$6.2k
563k
Sweden
$55k
10.3M
Switzerland
$83k
8.47M
Syria
$2k
18.3M
Taiwan
$25k
23.6M
Tajikistan
$827
8.92M
Tanzania
$1.1k
57.3M
Thailand
$7.3k
65.9M
Togo
$679
7.8M
Tonga
$4.4k
108k
Tunisia
$3.4k
11.6M
Turkey
$9.4k
82M
Turkmenistan
$7k
5.85M
Tuvalu
$3.7k
11.2k
Uganda
$643
42.9M
Ukraine
$3.1k
42.6M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
United States
$63k
325M
Uruguay
$17k
3.46M
Uzbekistan
$1.5k
32.4M
Vanuatu
$3.1k
276k
Vatican City
$21k
1k
Venezuela
$16k
28.5M
Vietnam
$2.6k
94.7M
Yemen
$944
28.3M
Zambia
$1.5k
17.1M
Zimbabwe
$2.1k
16.5M