The Gross Domestic Product (GDP) in Trinidad and Tobago expanded 6.3 percent in the second quarter of 2022, compared to a 0.7 percent expansion in the previous three-month period and marking its sharpest growth since the fourth quarter of 2013. source: Central Statistical Office

GDP Annual Growth Rate in Trinidad and Tobago averaged 2.28 percent from 1991 until 2022, 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 February of 2023.

GDP Annual Growth Rate in Trinidad and Tobago is expected to be 4.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Trinidad and Tobago GDP Annual Growth Rate



Related Last Previous Unit Reference
GDP Annual Growth Rate 6.30 0.70 percent Jun 2022
GDP Growth Rate 1.40 -4.30 percent Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
6.30 0.70 20.60 -13.40 1991 - 2022 percent Quarterly
Constant Prices