Trinidad and Tobago: Economy

Economic Trivia

Trinidad and Tobago has one of the highest economic growth rates as well as per capita incomes in Latin America.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners: Data unavailable
Top 3 Exported Goods (2010): Oil & Mineral Fuels, Inorganic Chemicals , and Organic Chemicals

Top Industries Source: CIA World Factbook

Petroleum and Petroleum Products; Liquefied Natural Gas (Lng); Methanol; Ammonia

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $43,299,057,266 (2014)
GDP Growth Rate (annual %) 0.817% (2014)
GDP Per Capita, PPP (current international) $31,967 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 108/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 5.684% (2014)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 32.2% (2015)
Real Interest Rate (5 year average %) 3.606% (2013)
Manufacturing, value added (% of GDP) 6.379% (2013)
Current Account Balance (BoP, current US$) $2,898,591,966 (2011)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 686,710 (2014)
Employment in Agriculture (% of total employment) 3.8% (2008)
Employment in Industry (% of total employment) 32.2% (2008)
Employment in Services (% of total employment) 63.8% (2008)
Unemployment Rate 4% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $9,089,617,930 (2014)
Exports of goods and services (current US$) $12,827,912,349 (2014)
Total Merchandise Trade (% of GDP) 69.523% (2014)
FDI, net inflows (BoP, current US$) $2,423,000,000 (2014)
Commercial Service Exports (current US$) $5,798,333,600 (2011)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Trinidad and Tobago’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary