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 (2015): United States, Gabon, and Colombia
Top 3 Exported Goods (2015): 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) [1]

GDP, PPP (current international) $43,325,529,301 (2017)
GDP Growth Rate (annual %) -2.336% (2017)
GDP Per Capita, PPP (current international) $31,645 (2017)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 113/195 (2017)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 1.88% (2017)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 39.7% (2018)
Real Interest Rate (5 year average %) 5.785% (2017)
Manufacturing, value added (% of GDP) 17.971% (2017)
Current Account Balance (BoP, current US$) $1,089,154,083 (2017)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 660,786 (2018)
Employment in Agriculture (% of total employment) 3.177% (2018)
Employment in Industry (% of total employment) 27.341% (2018)
Employment in Services (% of total employment) 69.481% (2018)
Unemployment Rate 2.83% (2018)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $10,635,518,535 (2016)
Exports of goods and services (current US$) $10,105,159,677 (2016)
Total Merchandise Trade (% of GDP) 69.242% (2017)
FDI, net inflows (BoP, current US$) ($422,390,129) (2017)
Commercial Service Exports (current US$) $1,087,678,823 (2017)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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

Sources

  1. The World Bank