The Gross Domestic Product (GDP) in Trinidad and Tobago contracted 7.70 percent in the first quarter of 2021 over the same quarter of the previous year. source: Central Bank of Trinidad and Tobago

GDP Annual Growth Rate in Trinidad and Tobago averaged 2.15 percent from 1991 until 2021, reaching an all time high of 20.60 percent in the second quarter of 2003 and a record low of -15.40 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 May of 2022.

GDP Annual Growth Rate in Trinidad and Tobago is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.

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Trinidad and Tobago GDP Annual Growth Rate



Related Last Previous Unit Reference
GDP Annual Growth Rate -7.70 -9.00 percent Mar 2021
GDP Growth Rate 5.10 -12.10 percent Sep 2020

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
-7.70 -9.00 20.60 -15.40 1991 - 2021 percent Quarterly