Skip to content

Economy of Trinidad and Tobago vs Vietnam compared: GDP & Debt

Updated on by Georank

Trinidad and Tobago has a GDP of $25.9B compared to $515B for Vietnam, ranking 122/197 and 33/197 by economy size, respectively.

Trinidad and Tobago has $21.8B in government debt (84.2% of GDP), compared to $156B (30.3% of GDP) in Vietnam.

Trinidad and Tobago vs Vietnam GDP by year

Trinidad and Tobago
Vietnam
1x
Year GDP, current $
Trinidad Vietnam
2025 $25,942,749,718 $514,697,215,165
2024 $25,633,544,529 $476,324,572,784
2023 $25,036,993,423 $433,805,036,898
2022 $28,341,164,301 $413,445,230,669
2021 $24,222,963,263 $366,474,752,771
2020 $20,888,515,184 $346,615,738,538
2019 $23,477,745,792 $334,365,270,497
2018 $23,883,058,083 $310,106,478,395
2017 $23,830,750,901 $281,353,605,987
2016 $23,624,322,193 $257,096,001,178
2015 $26,841,141,793 $239,258,328,382
2014 $29,474,180,005 $233,451,469,643
2013 $28,560,537,057 $213,708,811,665
2012 $27,147,349,937 $195,590,661,129
2011 $25,433,007,437 $172,595,049,184
2010 $22,157,920,592 $147,201,173,197
2009 $19,172,165,226 $106,014,659,565
2008 $27,871,587,350 $99,130,304,099
2007 $21,641,620,050 $77,414,425,532
2006 $18,369,361,094 $66,371,664,817
2005 $15,982,389,018 $57,633,255,738
2004 $13,280,291,990 $45,427,854,693
2003 $11,305,459,802 $39,552,513,232
2002 $9,008,298,229 $35,064,105,501
2001 $8,824,849,191 $32,685,198,809
2000 $8,154,342,116 $31,172,518,403
1999 $6,808,982,521 $28,683,659,007
1998 $6,043,686,654 $27,209,602,050
1997 $5,737,771,523 $26,843,700,442
1996 $5,759,570,336 $24,657,470,575
1995 $5,329,217,747 $20,736,164,459
1994 $4,947,181,646 $16,286,433,533
1993 $4,669,491,134 $13,180,953,598
1992 $5,439,552,941 $9,866,990,236
1991 $5,307,905,882 $9,613,369,520
1990 $5,068,000,000 $6,471,740,806
1989 $4,323,058,824 $6,293,304,975
1988 $4,496,910,569 $25,423,812,649
1987 $4,797,777,778 $36,658,108,850
1986 $4,794,444,444 $26,336,616,250
1985 $7,375,918,367 $14,094,687,821
1984 $7,757,083,333 -
1983 $7,763,750,000 -
1982 $8,140,416,667 -
1981 $6,992,083,333 -
1980 $6,235,833,333 -
1979 $4,602,416,625 -
1978 $3,562,333,458 -
1977 $3,138,666,667 -
1976 $2,500,424,955 -
1975 $2,442,669,825 -
1974 $2,042,001,071 -
1973 $1,308,785,431 -
1972 $1,083,391,758 -
1971 $896,765,215 -
1970 $821,850,000 -
1969 $779,200,000 -
1968 $758,899,950 -
1967 $761,981,912 -
1966 $723,739,857 -
1965 $736,573,159 -
1964 $711,897,520 -
1963 $678,239,329 -
1962 $619,322,810 -
1961 $584,964,621 -
1960 $535,673,252 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/trinidad-and-tobago/vietnam | CC BY

GDP per capita in Trinidad and Tobago vs Vietnam by year

Trinidad and Tobago
GDP per capita

GDP per capita, PPP
Vietnam
GDP per capita

GDP per capita, PPP
1x
Year Current $
Trinidad Vietnam
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $18,967 - $5,066 -
2024 $18,733 $36,329 $4,717 $16,386
2023 $18,308 $34,623 $4,323 $15,034
2022 $20,751 $32,979 $4,148 $13,905
2021 $17,713 $30,482 $3,704 $12,049
2020 $15,284 $26,731 $3,534 $11,609
2019 $17,213 $29,316 $3,441 $11,029
2018 $17,571 $28,673 $3,222 $10,010
2017 $17,566 $28,484 $2,956 $9,170
2016 $17,449 $28,232 $2,735 $8,375
2015 $19,887 $29,825 $2,578 $7,672
2014 $21,908 $32,027 $2,546 $7,297
2013 $21,305 $31,746 $2,360 $6,758
2012 $20,332 $31,883 $2,185 $6,377
2011 $19,151 $31,078 $1,951 $5,786
2010 $16,815 $30,778 $1,683 $5,389
2009 $14,634 $29,602 $1,226 $5,061
2008 $21,299 $30,807 $1,164 $4,844
2007 $16,607 $29,355 $926 $4,581
2006 $14,153 $27,393 $808 $4,237
2005 $12,346 $23,536 $711 $3,894
2004 $9,871 $20,674 $565 $3,543
2003 $8,445 $18,743 $497 $3,240
2002 $6,763 $16,141 $445 $3,002
2001 $6,657 $14,797 $419 $2,809
2000 $6,179 $13,953 $404 $2,614
1999 $5,179 $12,812 $376 $2,421
1998 $4,613 $11,735 $361 $2,308
1997 $4,394 $10,769 $362 $2,189
1996 $4,427 $9,883 $337 $2,019
1995 $4,115 $9,099 $287.8 $1,841
1994 $3,840 $8,631 $229.9 $1,674
1993 $3,647 $8,209 $189.4 $1,534
1992 $4,277 $8,129 $144.5 $1,413
1991 $4,205 $7,274 $143.7 $1,298
1990 $4,047 $6,878 $98.8 $1,210
1989 $3,482 - $98.1 -
1988 $3,656 - $405 -
1987 $3,941 - $595 -
1986 $3,985 - $436 -
1985 $6,212 - $238.6 -
1984 $6,613 - - -
1983 $6,690 - - -
1982 $7,091 - - -
1981 $6,160 - - -
1980 $5,559 - - -
1979 $4,155 - - -
1978 $3,258 - - -
1977 $2,907 - - -
1976 $2,345 - - -
1975 $2,319 - - -
1974 $1,962 - - -
1973 $1,273 - - -
1972 $1,067 - - -
1971 $894 - - -
1970 $829 - - -
1969 $795 - - -
1968 $783 - - -
1967 $797 - - -
1966 $768 - - -
1965 $793 - - -
1964 $780 - - -
1963 $756 - - -
1962 $704 - - -
1961 $678 - - -
1960 $634 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/trinidad-and-tobago/vietnam | CC BY

Trinidad and Tobago's GDP per capita is $18,967, ranking 65/197, compared to $5,066 in Vietnam, ranking 122/197. Adjusted for purchasing power (GDP per capita PPP), Trinidad and Tobago ranks 62nd at $36,329, while Vietnam ranks 108th at $16,386.

Economic indicators

Trinidad Vietnam
Gross domestic product
$25.9B
2025
$515B
2025
GDP rank
122/197
2025
33/197
2025
GDP growth
-0.79%
2024-2025
8.02%
2024-2025
GDP per capita
$18,967
2025
$5,066
2025
GDP per capita rank
65/197
2025
122/197
2025
GDP per capita, PPP
$36,329
2024
$16,386
2024
GDP per capita PPP rank
62/197
2024
108/197
2024
Government debt
$21.8B
2025
$156B
2025
Debt-to-GDP ratio
84.2%
2025
30.3%
2025
Government debt per person
$15,965
2025
$1,537
2025
Government debt per person rank
43/185
2025
130/185
2025
Average annual personal income after taxes
$10,176
2026
$5,133
2026
Market capitalization of domestic companies
$3.89B
2001
$316B
2025
Number of billionaires n/a
5
2026
Income share by richest 10%
29.9%
1992
28.1%
2022
Income share by poorest 10%
2.1%
1992
2.6%
2022
Government expenditure, % of GDP
32.4%
2025
22.1%
2025
Consumer prices inflation
0.99%
2024-2025
3.3%
2024-2025
Central bank interest rate
3.5%
2020
4.5%
2023
Unemployment rate
4.01%
2024
1.53%
2024
Population
1370916
102486146

Spending and national debt comparison by year

Trinidad and Tobago
Spending

Debt
Vietnam
Spending

Debt
1x
Year % of GDP
Trinidad Vietnam
Government spending Government debt Government spending Government debt
2025 32.4% 84.2% 22.1% 30.3%
2024 32.2% 81.8% 19.1% 31.2%
2023 32.4% 78.2% 18.8% 34.3%
2022 28.3% 69.9% 18.2% 34.9%
2021 31.4% 80.2% 20.1% 39.2%
2020 35.1% 81.6% 21.3% 41.3%
2019 31% 62.9% 19.8% 41%
2018 30.2% 58.1% 20.5% 43.8%
2017 30.9% 57.2% 21.5% 46.6%
2016 31.2% 53.3% 22.2% 47.9%
2015 34.1% 43.2% 24.2% 46.1%
2014 33% 37.1% 22.8% 43.6%
2013 31.7% 32.9% 24.5% 41.4%
2012 29.9% 32.9% 23.5% 38.3%
2011 30.4% 39.2% 21.2% 36.2%
2010 31.5% 28.9% 23.7% 37.3%
2009 33.4% 34.2% 25% 36.2%
2008 28.2% 24.6% 21.4% 31%
2007 26.8% 29.4% 22.3% 32.2%
2006 34.6% 32.7% 20.5% 30.2%
2005 29.5% 36.6% 20.6% 28.7%
2004 23.3% 43.3% 19.4% 29.4%
2003 23.5% 52.4% 22.2% 29.8%
2002 24.6% 58.2% 19.7% 27.7%
2001 25.2% 54.2% 19.2% 25.4%
2000 24.1% 52.3% 17.8% 24.8%
1999 24.8% 55.2% 16.7% -
1998 27.3% 47.4% 16% -
1997 27.4% 51.3% - -
1996 28.2% 51.9% - -
1995 26.7% 57.3% - -
1994 26.5% 64.8% - -
1993 27.3% 59.6% - -
1992 28.8% 49.5% - -
1991 30% 50% - -
1990 27.9% 49.5% - -
1989 30.9% 51.9% - -
1988 45.3% 65.3% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1988–1989, retrieved 2026-07-08).

GeoRank.org/economy/trinidad-and-tobago/vietnam | CC BY

In 2025, Trinidad and Tobago's government spending was $8.39B, accounting for 32.4% of its GDP, while Vietnam spent $114B, or 22.1% of GDP.

Debt-to-GDP ratio is 84.2% in Trinidad and Tobago and 30.3% in Vietnam, ranking 37/185 and 153/185, respectively.

Government deficit by year

Deficit/surplus
Trinidad and Tobago

Vietnam
1x
Year Deficit/surplus, % of GDP
Trinidad Vietnam
2025 -5.46% -2.2%
2024 -5.92% -1.54%
2023 -1.2% -1.72%
2022 0.96% 0.67%
2021 -8.39% -1.43%
2020 -11.8% -2.86%
2019 -3.72% -0.4%
2018 -5.89% -1.02%
2017 -10.5% -1.96%
2016 -9.84% -3.16%
2015 -7.37% -4.98%
2014 -4.34% -5.02%
2013 -2.7% -5.96%
2012 -1.28% -5.46%
2011 -0.69% -0.9%
2010 0.14% -2.25%
2009 -4.88% -4.82%
2008 5.7% -0.45%
2007 3.24% -1.74%
2006 -0.3% 0.2%
2005 0.84% -0.95%
2004 1.91% -0.15%
2003 1.9% -2.56%
2002 -0.2% -1.85%
2001 0.62% -2.19%
2000 0.18% -1.61%
1999 -0.9% -1.25%
1998 -1.83% -0.1%
1997 0.11% -
1996 -0.46% -
1995 0.17% -
1994 -0.02% -
1993 0.24% -
1992 -2.76% -
1991 -0.21% -
1990 -1.32% -
1989 -4.46% -
1988 -9.34% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1988–1989, retrieved 2026-07-08).

GeoRank.org/economy/trinidad-and-tobago/vietnam | CC BY

In 2025, Trinidad and Tobago's government deficit, the difference between spending and revenue, was $1.42B, equivalent to 5.46% of GDP. This compares to Vietnam's deficit of $11.3B, or 2.2% of GDP.

Over the past 28 years, Trinidad and Tobago recorded a fiscal deficit in 19 of those years, while Vietnam ran a deficit in 26 years. On average, Trinidad and Tobago posted an annual deficit equal to 2.56% of GDP, compared to deficit of 2.06% of GDP for Vietnam.

Inflation comparison by year

Inflation
Trinidad and Tobago

Vietnam
1x
Year Consumer prices inflation
Trinidad Vietnam
2025 0.99% 3.3%
2024 0.53% 3.6%
2023 4.63% 3.3%
2022 5.83% 3.2%
2021 2.06% 1.8%
2020 0.6% 3.2%
2019 1% 2.8%
2018 1.02% 3.5%
2017 1.88% 3.5%
2016 3.07% 2.7%
2015 4.66% 0.6%
2014 5.68% 4.1%
2013 5.2% 6.6%
2012 9.26% 9.1%
2011 5.11% 18.7%
2010 10.5% 10.5%
2009 6.98% 6.7%
2008 12% 23.1%
2007 7.89% 8.3%
2006 8.33% 7.5%
2005 6.87% 8.4%
2004 3.72% 7.9%
2003 3.81% 3.3%
2002 4.15% 4.1%
2001 5.54% -0.3%
2000 3.56% -1.8%
1999 3.44% 4.1%
1998 5.61% 7.2%
1997 3.63% 3.1%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/trinidad-and-tobago/vietnam | CC BY

Over the past 29 years, Trinidad and Tobago has recorded an average annual inflation rate of 4.75%, compared with 5.59% in Vietnam. In 2025, inflation was 0.99% in Trinidad and Tobago and 3.3% in Vietnam.

Top exports between countries

Trinidad
Export category Export value
Machinery & equipment $2.82M
Metals $2.12M
Chemicals & pharma $323K
Wood & paper products $216K
Raw materials & minerals $70K
Miscellaneous $10K
Textiles & consumer goods $5K
Vietnam
Export category Export value

Balance of trade

Trinidad Vietnam
Current account balance
$1.25B
2025
$30.2B
2024
Current account balance ranking
48/190
2025
18/190
2024
Current account balance, % of GDP
+4.81%
2025
+6.33%
2024
Goods imports
$6.83B
2025
$363B
2024
Goods exports
$10.2B
2025
$407B
2024
Service imports
$2.8B
2025
$35.6B
2024
Service exports
$1.27B
2025
$25B
2024
Imports of goods and services, % of GDP n/a
92.1%
2025
Exports of goods and services, % of GDP
45%
2026
98.2%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Trinidad Vietnam
Economic freedom 62.4 64.4
Economic freedom ranking 87/197 73/197
Property rights 47.3 47.3
Government integrity 45.5 39.2
Judicial effectiveness 58.8 31.3
Tax burden 76.1 80.9
Government spending 71.1 89.5
Fiscal health 86.3 96.9
Business freedom 67.1 70
Labor freedom 57.2 54.7
Monetary freedom 81 73.2
Trade freedom 68.8 79.8
Investment freedom 50 60
Financial freedom 40 50

Economic freedom comparison by year

Trinidad and Tobago
Vietnam
1x
Year Economic freedom index
Trinidad Vietnam
2026 62.4 64.4
2025 63.6 65.2
2024 60.4 62.8
2023 59.5 61.8
2022 58.8 60.6
2021 59 61.7
2020 58.3 58.8
2019 57 55.3
2018 57.7 53.1
2017 61.2 52.4
2016 62.9 54
2015 64.1 51.7
2014 62.7 50.8
2013 62.3 51
2012 64.4 51.3
2011 66.5 51.6
2010 65.7 49.8
2009 68 51
2008 69.5 50.4
2007 70.6 49.8
2006 70.4 50.5
2005 71.5 48.1
2004 71.3 46.1
2003 68.8 46.2
2002 70.1 45.6
2001 71.8 44.3
2000 74.5 43.7
1999 72.4 42.7
1998 72 40.4
1997 71.3 38.6
1996 69.2 40.2
1995 - 41.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/trinidad-and-tobago/vietnam | CC BY

The Economic Freedom Index for Trinidad and Tobago is 62.4, ranking 87/197, compared to 64.4 for Vietnam, ranking 73/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Trinidad Vietnam
Services, % of GDP
59.2%
2024
42.7%
2025
Industry, % of GDP
34.6%
2024
37.6%
2025
Agriculture, forestry, and fishing, % of GDP
0.78%
2024
11.6%
2025
GNI, Atlas method
$25.4B
2025
$505B
2025
GNI per capita, PPP
$36,080
2025
$17,580
2025
Total reserves including gold
$5.6B
2024
$85.6B
2025
Total reserves ranking
99/177
2024
33/177
2025
Net foreign direct investment
$404M
2025
-$19.6B
2024
Net inflows of foreign direct investment
-$453M
2024
$20.2B
2024
Net outflows of foreign direct investment
$527M
2024
$600M
2024
Servicing debt to the IMF, % of GNI n/a
7.29%
2024
Poverty at national poverty lines
20%
2020
4.2%
2022
Gross capital formation, % of GDP
19%
2023
30.8%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/trinidad-and-tobago/vietnam | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1988–1989, retrieved 2026-07-08)
  6. TradeMap (2023–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.