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) $43,552,904,090 (2016)
GDP Growth Rate (annual %) -5.11% (2016)
GDP Per Capita, PPP (current international) $31,908 (2016)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 108/194 (2016)

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 %) 3.06% (2016)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 36.2% (2017)
Real Interest Rate (5 year average %) 11.099% (2016)
Manufacturing, value added (% of GDP) 6.207% (2016)
Current Account Balance (BoP, current US$) $956,690,781 (2015)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 679,521 (2017)
Employment in Agriculture (% of total employment) 3.73% (2012)
Employment in Industry (% of total employment) 32.23% (2008)
Employment in Services (% of total employment) 63.82% (2008)
Unemployment Rate 4.239% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $10,635,518,535 (2016)
Exports of goods and services (current US$) $10,105,159,677 (2016)
Total Merchandise Trade (% of GDP) 80.041% (2016)
FDI, net inflows (BoP, current US$) ($251,398,036) (2016)
Commercial Service Exports (current US$) $1,367,702,310 (2015)
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


  1. The World Bank