Trinidad and Tobago Economic Statistics and Indicators

27, Mar 2015, EDT. Welcome to the Trinidad and Tobago economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Trinidad and Tobago › Change country
National or Regional Currency: Trinidad and Tobago Dollar, TTD
Year of data: 2014 › Change year
Number of Indicators Listed: 39
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 1,223,916 (July 2014 est.)
Area: total: 5,128 sq km ; land: 5,128 sq km ; water: 0 sq km
Natural Resources: petroleum, natural gas, asphalt
Capital: name: Port of Spain ; geographic coordinates: 10 39 N, 61 31 W ; time difference: UTC-4 (1 hour ahead of Washington, DC, during Standard Time)

Trinidad and Tobago attracts considerable foreign direct investment from international businesses, particularly in energy, and has one of the highest per capita incomes in Latin America. Economic growth between 2000 and 2007 averaged slightly over 8% per year, significantly above the regional average of about 3.7% for that same period; however, GDP has slowed down since then and contracted during 2009-2011 due to depressed natural gas prices and changing markets. Growth had been fueled by investments in liquefied natural gas, petrochemicals, and steel with additional upstream and downstream investment planned. Trinidad and Tobago is the leading Caribbean producer of oil and gas, and its economy is heavily dependent upon these resources. It also supplies manufactured goods, notably food products and beverages, as well as cement to the Caribbean region. Oil and gas account for about 40% of GDP and 80% of exports, but only 5% of employment. Oil production has declined over the last decade as the country focused the majority of its efforts on natural gas. The current administration has been working to arrest this decline by opening bid rounds and providing fiscal incentives for investments in on-shore and deep water acreage to boost oil reserves and production. The government keeps a close watch on the changing global gas markets and has shown flexibility in diversifying natural gas export destinations. Although Trinidad and Tobago enjoys cheap electricity from natural gas, the renewable energy sector has recently garnered increased interest. The country is also a regional financial center with a well-regulated and stable financial system. Other sectors the Government of Trinidad and Tobago targeted for increased investment and projected growth include tourism, agriculture, information and communications technology, and shipping. The economy benefits from a growing trade surplus with the US. The US is Trinidad and Tobago's leading trade partner. The previous MANNING administration benefited from fiscal surpluses fueled by the dynamic export sector; however, declines in oil and gas prices have reduced government revenues, challenging the current government's commitment to maintaining high levels of public investment. Crime and bureaucratic hurdles continue to be the biggest deterrents for attracting more foreign direct investment and business.
More on the Trinidad and Tobago Economy
More on the Trinidad and Tobago Export, Import and Trade

Economic Indicator Listing
  For Trinidad and Tobago in year 2014 Indicator Value
GDP Growth (Constant Prices, National Currency) 2.338 %
GDP (Current Prices, National Currency)TTD 190.888 Billion.
GDP (Current Prices, US Dollars)US$ 29.629 Billion
GDP Deflator 209.041 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)TTD 67,598.97 .
GDP Per Capita (Current Prices, National Currency)TTD 141,309.63 .
GDP Per Capita (Current Prices, US Dollars)US$ 21,933.53
GDP (PPP), US DollarsUS$ 42.233 Billion
GDP Per Capita (PPP), US DollarsUS$ 31,264.07
GDP Share of World Total (PPP) 0.039 %
Implied PPP Conversion Rate 4.52
Investment (% of GDP) 13.987 %
Gross National Savings (% of GDP) 25.884 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 249.095 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 4.654 %
Inflation, End of Year (Indexed to Year 2000) 239.331 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 3.7 %
Import Volume of All Items Including Goods and Services (Percent Change) -1.051 %
Import Volumes of Goods Only (Percent Change) -1.214 %
Export Volume of All Items Including Goods and Services (Percent Change) 1.34 %
Export Volumes of Goods Only (Percent Change) 1.548 %
Unemployment Rate (% of Labour Force) 5 %
Population 1.351 Million
General government revenue (National Currency)TTD 61.005 Billions.
General government revenue (% of GDP) 32.482 %
General government total expenditure (National Currency)TTD 60.765 Billions.
General government total expenditure (% of GDP) 32.354 %
Total Government Net Lending/ Borrowing (National Currency)TTD 0.24 Billions.
Total Government Net Lending/ Borrowing (% of GDP) 0.128 %
Fiscal Year Gross Domestic Product, Current PricesTTD 187.812 Billions.
Current Account Balance (US Dollars)US$ 3.525 Billion
Current Account Balance (% GDP) 11.898 %
Economic Indicators for Trinidad and Tobago 2014

GDP (Constant Prices, National Currency) for Trinidad and Tobago in year 2014 is TTD 91.316 Billion.

GDP Growth (Constant Prices, National Currency) for Trinidad and Tobago in year 2014 is 2.338 %.

GDP (Current Prices, National Currency) for Trinidad and Tobago in year 2014 is TTD 190.888 Billion.

GDP (Current Prices, US Dollars) for Trinidad and Tobago in year 2014 is US$ 29.629 Billion.

GDP Deflator for Trinidad and Tobago in year 2014 is 209.041 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Trinidad and Tobago in year 2014 is TTD 67,598.97 .

GDP Per Capita (Current Prices, National Currency) for Trinidad and Tobago in year 2014 is TTD 141,309.63 .

GDP Per Capita (Current Prices, US Dollars) for Trinidad and Tobago in year 2014 is US$ 21,933.53 .

GDP (PPP), US Dollars for Trinidad and Tobago in year 2014 is US$ 42.233 Billion.

GDP Per Capita (PPP), US Dollars for Trinidad and Tobago in year 2014 is US$ 31,264.07 .

GDP Share of World Total (PPP) for Trinidad and Tobago in year 2014 is 0.039 %.

Implied PPP Conversion Rate for Trinidad and Tobago in year 2014 is 4.52 .

Investment (% of GDP) for Trinidad and Tobago in year 2014 is 13.987 %.

Gross National Savings (% of GDP) for Trinidad and Tobago in year 2014 is 25.884 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Trinidad and Tobago in year 2014 is 249.095 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Trinidad and Tobago in year 2014 is 4.654 %.

Inflation, End of Year (Indexed to Year 2000) for Trinidad and Tobago in year 2014 is 239.331 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Trinidad and Tobago in year 2014 is 3.7 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Trinidad and Tobago in year 2014 is -1.051 %.

Import Volumes of Goods Only (Percent Change) for Trinidad and Tobago in year 2014 is -1.214 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Trinidad and Tobago in year 2014 is 1.34 %.

Export Volumes of Goods Only (Percent Change) for Trinidad and Tobago in year 2014 is 1.548 %.

Unemployment Rate (% of Labour Force) for Trinidad and Tobago in year 2014 is 5 %.

Population for Trinidad and Tobago in year 2014 is 1.351 Million .

General government revenue (National Currency) for Trinidad and Tobago in year 2014 is TTD 61.005 Billions.

General government revenue (% of GDP) for Trinidad and Tobago in year 2014 is 32.482 %.

General government total expenditure (National Currency) for Trinidad and Tobago in year 2014 is TTD 60.765 Billions.

General government total expenditure (% of GDP) for Trinidad and Tobago in year 2014 is 32.354 %.

Total Government Net Lending/ Borrowing (National Currency) for Trinidad and Tobago in year 2014 is TTD 0.24 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Trinidad and Tobago in year 2014 is 0.128 %.

Fiscal Year Gross Domestic Product, Current Prices for Trinidad and Tobago in year 2014 is TTD 187.812 Billions.

Current Account Balance (US Dollars) for Trinidad and Tobago in year 2014 is US$ 3.525 Billion.

Current Account Balance (% GDP) for Trinidad and Tobago in year 2014 is 11.898 %.

* Source: IMF
Aggregate Indicators for Trinidad and Tobago
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Trinidad and Tobago
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Trinidad and Tobago
  Natural Resources, Agricultural Products, Land Use and Water Use for Trinidad and Tobago
  Nationality, Ethnic Groups, Languages and Religions for Trinidad and Tobago
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Trinidad and Tobago
  Age Structure, Median Age, Gender and Urbanization for Trinidad and Tobago
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Trinidad and Tobago
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Trinidad and Tobago
  HIV, AIDS and Other Major Infectious Disease Rates for Trinidad and Tobago
  Literacy Rate, Educational Expenditure and School Life Expectancy for Trinidad and Tobago
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Trinidad and Tobago
  Industries and Industrial Growth Production Rate for Trinidad and Tobago
  Labor Force by Occupation for Trinidad and Tobago
  Poverty Line, Gini Index, Household Income and Consumption for Trinidad and Tobago
  National Budget and Public Debt for Trinidad and Tobago
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Trinidad and Tobago
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Trinidad and Tobago
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Trinidad and Tobago
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Trinidad and Tobago
  Foreign Exchange Reserves and Gold Reserves for Trinidad and Tobago
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Trinidad and Tobago
  Exchange Rate Statistics for Trinidad and Tobago
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Trinidad and Tobago
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Trinidad and Tobago
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Trinidad and Tobago
  Television and Radio Statistics (TV Stats, Radio Stats) for Trinidad and Tobago
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Trinidad and Tobago
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Trinidad and Tobago
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Trinidad and Tobago
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Trinidad and Tobago
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Trinidad and Tobago
* Source: CIA
Internet Indicators for Trinidad and Tobago
Indicators
  Number of Internet Users for Trinidad and Tobago
  Internet Penetration Rate for Trinidad and Tobago
  Number of Facebook Accounts for Trinidad and Tobago
  Facebook Penetration Rate for Trinidad and Tobago
* Source: IWS
Economic Freedom Indicators for Trinidad and Tobago
Indicators
  Economic Freedom World Rank for Trinidad and Tobago
  Economic Freedom Regional Ranking for Trinidad and Tobago
  Business Freedom for Trinidad and Tobago
  Trade Freedom for Trinidad and Tobago
  Fiscal Freedom for Trinidad and Tobago
  Government Spending for Trinidad and Tobago
  Monetary Freedom for Trinidad and Tobago
  Investment Freedom for Trinidad and Tobago
  Financial Freedom for Trinidad and Tobago
  Property Rights for Trinidad and Tobago
  Freedom from Corruption for Trinidad and Tobago
  Labor Freedom for Trinidad and Tobago
  Tariff Rate for Trinidad and Tobago
  Income Tax Rate for Trinidad and Tobago
  Corporate Tax Rate for Trinidad and Tobago
  Tax Burden % of GDP for Trinidad and Tobago
  Government Expenditure % of GDP for Trinidad and Tobago
* Source: HFO
Corruption Perceptions Index Rank and Score for Trinidad and Tobago
Indicator
  Corruption Perceptions Index Rank and Score for Trinidad and Tobago
* Source: TIO
Trinidad and Tobago Economic Indicators in other Years
  Trinidad and Tobago Economic Indicators for Year 2019 (Forecast)
  Trinidad and Tobago Economic Indicators for Year 2018 (Forecast)
  Trinidad and Tobago Economic Indicators for Year 2017 (Forecast)
  Trinidad and Tobago Economic Indicators for Year 2016 (Forecast)
  Trinidad and Tobago Economic Indicators for Year 2015 (Forecast)
Trinidad and Tobago Economic Indicators for Year 2014 (Current)
  Trinidad and Tobago Economic Indicators for Year 2013
  Trinidad and Tobago Economic Indicators for Year 2012
  Trinidad and Tobago Economic Indicators for Year 2011
  Trinidad and Tobago Economic Indicators for Year 2010
  Trinidad and Tobago Economic Indicators for Year 2009
  Trinidad and Tobago Economic Indicators for Year 2008
  Trinidad and Tobago Economic Indicators for Year 2007
  Trinidad and Tobago Economic Indicators for Year 2006
  Trinidad and Tobago Economic Indicators for Year 2005
  Trinidad and Tobago Economic Indicators for Year 2004
  Trinidad and Tobago Economic Indicators for Year 2003
  Trinidad and Tobago Economic Indicators for Year 2002
  Trinidad and Tobago Economic Indicators for Year 2001
  Trinidad and Tobago Economic Indicators for Year 2000
  Trinidad and Tobago Economic Indicators for Year 1999
  Trinidad and Tobago Economic Indicators for Year 1998
  Trinidad and Tobago Economic Indicators for Year 1997
  Trinidad and Tobago Economic Indicators for Year 1996
  Trinidad and Tobago Economic Indicators for Year 1995
  Trinidad and Tobago Economic Indicators for Year 1994
  Trinidad and Tobago Economic Indicators for Year 1993
  Trinidad and Tobago Economic Indicators for Year 1992
  Trinidad and Tobago Economic Indicators for Year 1991
  Trinidad and Tobago Economic Indicators for Year 1990
  Trinidad and Tobago Economic Indicators for Year 1989
  Trinidad and Tobago Economic Indicators for Year 1988
  Trinidad and Tobago Economic Indicators for Year 1987
  Trinidad and Tobago Economic Indicators for Year 1986
  Trinidad and Tobago Economic Indicators for Year 1985
  Trinidad and Tobago Economic Indicators for Year 1984
  Trinidad and Tobago Economic Indicators for Year 1983
  Trinidad and Tobago Economic Indicators for Year 1982
  Trinidad and Tobago Economic Indicators for Year 1981
  Trinidad and Tobago Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International