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Trinidad & Tobago

Headline economic indicators for Trinidad & Tobago, with the most recent official readings.

Prices

Prices — Trinidad & Tobago
Indicator Value Change
Inflation rate · 1.0% +0.47 (+88.7%)
Consumer price index · 165.2 +1.63 (+1.0%)
GDP deflator inflation · 2.0% +2.12 (+1,685.7%)

GDP

GDP — Trinidad & Tobago
Indicator Value Change
GDP growth rate · -0.8% -3.30 (-131.4%)
GDP per capita · 18,967.27 +233.86 (+1.2%)
GDP per capita, long-run history · 25,773 +535.34 (+2.1%)
GDP · 25,942,749,718.47 +309,205,189 (+1.2%)
GDP, PPP · 50,773,047,838 +991,352,670 (+2.0%)
GDP per capita, PPP · 37,121 +739.93 (+2.0%)
GDP per capita growth · -0.7% -3.19 (-130.5%)
GNI per capita · 18,550 -740.00 (-3.8%)
Agriculture to GDP · 0.8% -0.06 (-7.0%)
Industry to GDP · 34.6% +0.14 (+0.4%)
Manufacturing to GDP · 14.4% +0.32 (+2.3%)
Services to GDP · 59.2% -1.15 (-1.9%)
Gross capital formation to GDP · 19.0% +1.81 (+10.5%)

Labour

Labour — Trinidad & Tobago
Indicator Value Change
Unemployment rate · 3.3% +0.01 (+0.3%)
Labour force participation rate · 57.8% -0.40 (-0.7%)
Female labour force participation rate · 47.8% -0.38 (-0.8%)
Youth unemployment rate · 8.2% +0.22 (+2.8%)
Employment to population ratio · 55.8% -0.39 (-0.7%)
Employment in agriculture · 4.5% -0.16 (-3.4%)
Employment in industry · 24.2% -0.04 (-0.1%)
Employment in services · 71.3% +0.19 (+0.3%)

Money

Money — Trinidad & Tobago
Indicator Value Change
Real interest rate · 5.4% -2.23 (-29.2%)
Broad money to GDP · 74.3% +1.78 (+2.4%)
Private sector credit to GDP · 50.4% +1.99 (+4.1%)
Lending rate · 7.5% +0.00 (+0.0%)
Bank deposit rate · 1.5% +0.00 (+0.0%)
Stock market capitalization to GDP · 44.1% +2.15 (+5.1%)
Bank nonperforming loans · 2.8% +0.05 (+1.7%)
Official exchange rate · 6.75 -0.00 (-0.0%)

Trade

Trade — Trinidad & Tobago
Indicator Value Change
Current account to GDP · 5.0% +2.44 (+96.8%)
Trade balance, goods and services (annual) · 1,918,449,662.01 +895,763,605 (+87.6%)
Current account balance (annual) · 1,285,308,441.06 +639,828,043 (+99.1%)
Foreign direct investment to GDP · -3.1% -1.29 (-73.2%)
Remittances received to GDP · 0.8% -0.01 (-1.0%)
Total reserves, including gold · 5,372,033,723.06 -229,086,986 (-4.1%)
Reserves in months of imports · 5.5 -0.23 (-4.1%)

Government

Government — Trinidad & Tobago
Indicator Value Change
Government debt to GDP · 15.9% -0.88 (-5.2%)
Government revenue to GDP · 24.3% -5.30 (-17.9%)
Government expense to GDP · 33.3% +1.96 (+6.3%)
Tax revenue to GDP · 16.8% -3.12 (-15.7%)
Government budget balance to GDP · -10.6% -7.28 (-217.4%)
Education spending to GDP · 3.2% +0.42 (+14.7%)
Health spending to GDP · 7.5% +0.88 (+13.3%)

Demography

Demography — Trinidad & Tobago
Indicator Value Change
Population · 1,367,764 -569.00 (-0.0%)
Population, long-run history · 1,456 +5.11 (+0.4%)
Population growth · -0.0% -0.10 (-169.1%)
Life expectancy · 73.6 +0.13 (+0.2%)
Fertility rate · 1.54 +0.00 (+0.3%)
Birth rate · 10.5 -0.17 (-1.5%)
Death rate · 8.7 +0.37 (+4.4%)
Urban population share · 54.0% +0.01 (+0.0%)
Population aged 65 and over · 12.9% +0.55 (+4.4%)
Under-five mortality rate · 18.8 -0.50 (-2.6%)
Population density · 266.8 +0.16 (+0.1%)
Net migration · 691 -643.00 (-48.2%)
Gini index · 40.2 -2.40 (-5.6%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Trinidad & Tobago; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.