The Gross Domestic Product (GDP) in Trinidad and Tobago contracted 8.70 percent in the third quarter of 2020 over the same quarter of the previous year. source: Central Bank of Trinidad and Tobago

GDP Annual Growth Rate in Trinidad and Tobago averaged 2.36 percent from 1991 until 2020, reaching an all time high of 20.60 percent in the second quarter of 2003 and a record low of -13.40 percent in the second quarter of 2020. This page provides - Trinidad and Tobago GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Trinidad and Tobago GDP Annual Growth Rate - values, historical data and charts - was last updated on June of 2021.

GDP Annual Growth Rate in Trinidad and Tobago is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Trinidad and Tobago to stand at 4.00 in 12 months time. In the long-term, the Trinidad and Tobago GDP Annual Growth Rate is projected to trend around 1.70 percent in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Trinidad and Tobago GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-8.70 -13.40 20.60 -13.40 1991 - 2020 percent Quarterly

Trinidad and Tobago GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -8.70 -13.40 20.60 -13.40 percent [+]
GDP 24.10 23.81 27.87 0.54 USD Billion [+]
GDP per capita 15105.10 15161.10 17064.50 4006.70 USD [+]
GDP per capita PPP 26176.00 26272.90 29571.50 10091.90 USD [+]
GDP Growth Rate 5.10 -12.10 7.30 -12.10 percent [+]


Trinidad and Tobago GDP Annual Growth Rate
Trinidad and Tobago is one of the richest countries in the Caribbean. The most important sector of the economy is oil and gas production which accounts for around 40 percent of GDP, but employs only 5 percent of the labour force. Trinidad and Tobago is also a major producer of ammonia and methanol. In recent years, services like finance and tourism have been rapidly expanding as the government is trying to diversify the economy. Yet, corruption, poor infrastructure and drug related crime are the major obstacles to growth in the private sector and tourism.