Trinidad and Tobago vs Venezuela: Economic Indicators Comparison

Venezuela with a GDP of $482.4B ranked the 27th largest economy in the world, while Trinidad and Tobago ranked 113th with $23.8B. By GDP 5-years average growth and GDP per capita, Venezuela and Trinidad and Tobago ranked 181st vs 175th and 58th vs 53rd, respectively.

Gross Domestic Product & Income

StatTrinidad and TobagoVenezuela
GDP$23.8B$482.4B
GDP growth, 1 year0.3%-18%
GDP growth, 5-years average-1.5%-12.2%
Population1.4M28.5M
GDP per capita$17k$16k
GDP per capita growth-0.66%-18.17%
Purchasing Power Parity conversion factor3.625.57
Price level ratio of PPP conversion factor GDP to market exchange rate0.540.89
GDP per capita, PPP adjusted$32k$8.8k
GNI, Atlas method$22.2B$392.9B
GNI per capita$16k$13k
GNI, PPP adjusted$43.1B$352.8B
GNI per capita, PPP adjusted$31k$12k

Financial system and Human development

StatTrinidad and TobagoVenezuela
Income Tax Rate25%34%
Corporate Tax Rate25%34%
Inflation, consumer prices1.1%929789.5%
Inflation, GDP deflator6.1%748.1%
Unemployment2.8%8.4%
Economic Freedom Index58.325.2
Personal Freedom Index6.886.33
Human Freedom Index6.815.27
Property Rights Index56.610.1
Judical Effectiveness Index42.112.6
Business Freedom Index67.330.8
Fiscal Health Index15.90
Labor Freedom Index7627.7
Investment Freedom Index600
Financial Freedom Index5010
Trade Freedom Index67.858
Monetary Freedom Index77.40
Government Spending Index66.566.3
Tax Burden Index82.672.8
Government Integrity Index37.414.6
Corruption Perceptions Index4118
Life expectancy at birth, years73.272.2
Suicide mortality rate, per 100,000 people13.63.7
Mortality caused by road traffic injury, per 100,000 people12.133.7
Intentional homicides, per 100,000 people30.956.3
International tourism, number of arrivals375k427k

Government debt & reserves

StatTrinidad and TobagoVenezuela
Central government debt, % of GDP45.3%175.6%
External debt stocks, % of GNIN/A33.9%
External debt stocksN/A$154.9B
Short-term debt, % of total reservesN/A421.1%
Total debt service, % of exports and primary incomeN/A69%
Adjusted net savings including particulate emission damage, % of GNIN/A7.2%
Gross savings, % of GDPN/A8.9%
Gross capital formation, % of GDPN/A-3.7%
Total reserves including gold$8.1B$9.8B
Foreign direct investment net inflows-$602.5M$956M

Exports, imports and economic structure

StatTrinidad and TobagoVenezuela
Exports of goods and services, % of GDPN/A30.7%
Imports of goods and services, % of GDPN/A36.4%
Current account balance (balance of payments)$1.2B-$3.9B
Revenue excluding grants, % of GDP38.4%N/A
Grants excluding technical cooperation, BoP$2.4M$125.8M
Personal remittances received$138.7M$297.1M
Industry including construction value added, % of GDP42%37.2%
Agriculture, forestry and fishing value added, % of GDP1%5%
Charges for the use of intellectual property, payments BoP$63.9M$258M
Charges for the use of intellectual property, receipts BoP$882kN/A
Expense, % of GDP35.9%N/A
Government Expenditure, % of GDP33.4%33.5%

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
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

Venezuela vs

CountryGDP
per capita
Population
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
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
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k