Trinidad and Tobago vs Uruguay: Economic Indicators Comparison

Uruguay with a GDP of $59.6B ranked the 79th largest economy in the world, while Trinidad and Tobago ranked 113th with $23.8B. By GDP 5-years average growth and GDP per capita, Uruguay and Trinidad and Tobago ranked 129th vs 175th and 52nd vs 53rd, respectively.

Gross Domestic Product & Income

StatTrinidad and TobagoUruguay
GDP$23.8B$59.6B
GDP growth, 1 year0.3%2.1%
GDP growth, 5-years average-1.5%2%
Population1.4M3.5M
GDP per capita$17k$17k
GDP per capita growth-0.66%1.25%
Purchasing Power Parity conversion factor3.6222.52
Price level ratio of PPP conversion factor GDP to market exchange rate0.540.73
GDP per capita, PPP adjusted$32k$23k
GNI, Atlas method$22.2B$54B
GNI per capita$16k$16k
GNI, PPP adjusted$43.1B$75.7B
GNI per capita, PPP adjusted$31k$22k

Financial system and Human development

StatTrinidad and TobagoUruguay
Income Tax Rate25%30%
Corporate Tax Rate25%25%
Inflation, consumer prices1.1%7.6%
Inflation, GDP deflator6.1%5.6%
Unemployment2.8%8%
Economic Freedom Index58.369.1
Personal Freedom Index6.888.78
Human Freedom Index6.817.93
Property Rights Index56.672
Judical Effectiveness Index42.159.8
Business Freedom Index67.373.6
Fiscal Health Index15.972.3
Labor Freedom Index7671
Investment Freedom Index6085
Financial Freedom Index5030
Trade Freedom Index67.877.4
Monetary Freedom Index77.472.7
Government Spending Index66.566.5
Tax Burden Index82.675.2
Government Integrity Index37.473.5
Corruption Perceptions Index4170
Life expectancy at birth, years73.277.6
Suicide mortality rate, per 100,000 people13.618.4
Mortality caused by road traffic injury, per 100,000 people12.113.4
Intentional homicides, per 100,000 people30.98.2
International tourism, number of arrivals375k3.5M

Government debt & reserves

StatTrinidad and TobagoUruguay
Central government debt, % of GDP45.3%70%
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/A10.2%
Gross savings, % of GDPN/A12%
Gross capital formation, % of GDPN/A16.5%
Total reserves including gold$8.1B$15.6B
Foreign direct investment net inflows-$602.5M$1.2B

Exports, imports and economic structure

StatTrinidad and TobagoUruguay
Exports of goods and services, % of GDPN/A21%
Imports of goods and services, % of GDPN/A19%
Current account balance (balance of payments)$1.2B$75.7M
Revenue excluding grants, % of GDP38.4%34.4%
Grants excluding technical cooperation, BoP$2.4M$9.1M
Personal remittances received$138.7M$104.3M
Industry including construction value added, % of GDP42%24.5%
Agriculture, forestry and fishing value added, % of GDP1%5.6%
Charges for the use of intellectual property, payments BoP$63.9M$124.2M
Charges for the use of intellectual property, receipts BoP$882k$44.7M
Expense, % of GDP35.9%35%
Government Expenditure, % of GDP33.4%33.4%

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
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
Mauritius
$11k
1.26M

Uruguay vs

CountryGDP
per capita
Population
Slovenia
$26k
2.07M
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
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