Trinidad and Tobago vs the United Arab Emirates: Economic Indicators Comparison

The United Arab Emirates with a GDP of $414.2B ranked the 31st largest economy in the world, while Trinidad and Tobago ranked 113th with $23.8B. By GDP 5-years average growth and GDP per capita, the United Arab Emirates and Trinidad and Tobago ranked 92nd vs 175th and 22nd vs 53rd, respectively.

Gross Domestic Product & Income

StatTrinidad and TobagoUnited Arab Emirates
GDP$23.8B$414.2B
GDP growth, 1 year0.3%1.7%
GDP growth, 5-years average-1.5%3%
Population1.4M9.4M
GDP per capita$17k$43k
GDP per capita growth-0.66%0.21%
Purchasing Power Parity conversion factor3.622.1
Price level ratio of PPP conversion factor GDP to market exchange rate0.540.57
GDP per capita, PPP adjusted$32k$69k
GNI, Atlas method$22.2B$393.7B
GNI per capita$16k$41k
GNI, PPP adjusted$43.1B$726.5B
GNI per capita, PPP adjusted$31k$75k

Financial system and Human development

StatTrinidad and TobagoUnited Arab Emirates
Income Tax Rate25%0%
Corporate Tax Rate25%0%
Inflation, consumer prices1.1%3.1%
Inflation, GDP deflator6.1%7.8%
Unemployment2.8%2.6%
Economic Freedom Index58.376.2
Personal Freedom Index6.885.58
Human Freedom Index6.816.56
Property Rights Index56.680.3
Judical Effectiveness Index42.184.6
Business Freedom Index67.378.6
Fiscal Health Index15.994.1
Labor Freedom Index7681.3
Investment Freedom Index6040
Financial Freedom Index5060
Trade Freedom Index67.880.4
Monetary Freedom Index77.479.6
Government Spending Index66.572.1
Tax Burden Index82.699.2
Government Integrity Index37.464.6
Corruption Perceptions Index4170
Life expectancy at birth, years73.277.6
Suicide mortality rate, per 100,000 people13.62.8
Mortality caused by road traffic injury, per 100,000 people12.118.1
Intentional homicides, per 100,000 people30.90.5
International tourism, number of arrivals375k21.3M

Government debt & reserves

StatTrinidad and TobagoUnited Arab Emirates
Central government debt, % of GDP45.3%18.7%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNIN/AN/A
Gross savings, % of GDPN/AN/A
Gross capital formation, % of GDPN/A22.4%
Total reserves including gold$8.1B$99.5B
Foreign direct investment net inflows-$602.5M$10.4B

Exports, imports and economic structure

StatTrinidad and TobagoUnited Arab Emirates
Exports of goods and services, % of GDPN/A93.9%
Imports of goods and services, % of GDPN/A68%
Current account balance (balance of payments)$1.2BN/A
Revenue excluding grants, % of GDP38.4%3.5%
Grants excluding technical cooperation, BoP$2.4M$950k
Personal remittances received$138.7MN/A
Industry including construction value added, % of GDP42%46.8%
Agriculture, forestry and fishing value added, % of GDP1%0.7%
Charges for the use of intellectual property, payments BoP$63.9MN/A
Charges for the use of intellectual property, receipts BoP$882kN/A
Expense, % of GDP35.9%4%
Government Expenditure, % of GDP33.4%30.5%

Compare with countries close by GDP per capita

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

United Arab Emirates vs

CountryGDP
per capita
Population
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M