[ Nominal GDP in billions of USD ]
Year -
$25.63 billions
Trinidad and Tobago GDP expanded from 1960 to 2024, increasing from $0.54 billion to $25.63 billion.The compound annual growth rate (CAGR) averaged 6.22% over the period. The economy recorded its peak level in 2014 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 46.93%, indicating the largest cyclical decline from peak levels. The country experienced 10 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 25.63 Billions | $ 49.71 Int Billions |
| Growth (YoY) | 2.383% | 4.988% |
| Net Change vs Previous Year | $ 0.60 Billion | $ 2.36 Int Billion |
| % of World GDP | 0.02% | 0.03% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 0.54 | - | - | - | - | - |
| 1961 | 0.58 | 0.05 | 9.202 % | - | - | - |
| 1962 | 0.62 | 0.03 | 5.874 % | - | - | - |
| 1963 | 0.68 | 0.06 | 9.513 % | - | - | - |
| 1964 | 0.71 | 0.03 | 4.963 % | - | - | - |
| 1965 | 0.74 | 0.02 | 3.466 % | - | - | - |
| 1966 | 0.72 | -0.01 | -1.742 % | - | - | - |
| 1967 | 0.76 | 0.04 | 5.284 % | - | - | - |
| 1968 | 0.76 | 0 | -0.404 % | - | - | - |
| 1969 | 0.78 | 0.02 | 2.675 % | - | - | - |
| 1970 | 0.82 | 0.04 | 5.474 % | - | - | - |
| 1971 | 0.9 | 0.07 | 9.115 % | - | - | - |
| 1972 | 1.08 | 0.19 | 20.811 % | - | - | - |
| 1973 | 1.31 | 0.23 | 20.804 % | - | - | - |
| 1974 | 2.04 | 0.73 | 56.023 % | - | - | - |
| 1975 | 2.44 | 0.4 | 19.621 % | - | - | - |
| 1976 | 2.5 | 0.06 | 2.364 % | - | - | - |
| 1977 | 3.14 | 0.64 | 25.525 % | - | - | - |
| 1978 | 3.56 | 0.42 | 13.498 % | - | - | - |
| 1979 | 4.6 | 1.04 | 29.197 % | - | - | - |
| 1980 | 6.24 | 1.63 | 35.49 % | - | - | - |
| 1981 | 6.99 | 0.76 | 12.127 % | - | - | - |
| 1982 | 8.14 | 1.15 | 16.423 % | - | - | - |
| 1983 | 7.76 | -0.38 | -4.627 % | - | - | - |
| 1984 | 7.76 | -0.01 | -0.086 % | - | - | - |
| 1985 | 7.38 | -0.38 | -4.914 % | - | - | - |
| 1986 | 4.79 | -2.58 | -34.999 % | - | - | - |
| 1987 | 4.8 | 0 | 0.07 % | - | - | - |
| 1988 | 4.5 | -0.3 | -6.271 % | - | - | - |
| 1989 | 4.32 | -0.17 | -3.866 % | - | - | - |
| 1990 | 5.07 | 0.74 | 17.232 % | 8.61 | - | - |
| 1991 | 5.31 | 0.24 | 4.734 % | 9.18 | 0.57 | 6.599 % |
| 1992 | 5.44 | 0.13 | 2.48 % | 10.34 | 1.16 | 12.602 % |
| 1993 | 4.67 | -0.77 | -14.157 % | 10.51 | 0.17 | 1.685 % |
| 1994 | 4.95 | 0.28 | 5.947 % | 11.12 | 0.61 | 5.779 % |
| 1995 | 5.33 | 0.38 | 7.722 % | 11.78 | 0.67 | 5.986 % |
| 1996 | 5.76 | 0.43 | 8.075 % | 12.86 | 1.07 | 9.096 % |
| 1997 | 5.74 | -0.02 | -0.378 % | 14.06 | 1.21 | 9.377 % |
| 1998 | 6.04 | 0.31 | 5.332 % | 15.38 | 1.31 | 9.34 % |
| 1999 | 6.81 | 0.77 | 12.663 % | 16.84 | 1.47 | 9.553 % |
| 2000 | 8.15 | 1.35 | 19.759 % | 18.41 | 1.57 | 9.323 % |
| 2001 | 8.82 | 0.67 | 8.223 % | 19.61 | 1.2 | 6.514 % |
| 2002 | 9.01 | 0.18 | 2.079 % | 21.5 | 1.89 | 9.614 % |
| 2003 | 11.31 | 2.3 | 25.501 % | 25.09 | 3.59 | 16.7 % |
| 2004 | 13.28 | 1.97 | 17.468 % | 27.81 | 2.72 | 10.853 % |
| 2005 | 15.98 | 2.7 | 20.347 % | 30.47 | 2.65 | 9.539 % |
| 2006 | 18.37 | 2.39 | 14.935 % | 35.56 | 5.09 | 16.699 % |
| 2007 | 21.64 | 3.27 | 17.814 % | 38.25 | 2.7 | 7.592 % |
| 2008 | 27.87 | 6.23 | 28.787 % | 40.31 | 2.06 | 5.384 % |
| 2009 | 19.17 | -8.7 | -31.213 % | 38.78 | -1.53 | -3.802 % |
| 2010 | 22.16 | 2.99 | 15.573 % | 40.56 | 1.78 | 4.579 % |
| 2011 | 25.43 | 3.28 | 14.781 % | 41.27 | 0.71 | 1.763 % |
| 2012 | 27.15 | 1.71 | 6.741 % | 42.57 | 1.3 | 3.146 % |
| 2013 | 28.56 | 1.41 | 5.206 % | 42.56 | -0.01 | -0.03 % |
| 2014 | 29.47 | 0.91 | 3.199 % | 43.09 | 0.53 | 1.243 % |
| 2015 | 26.84 | -2.63 | -8.933 % | 40.25 | -2.83 | -6.573 % |
| 2016 | 23.62 | -3.22 | -11.985 % | 38.22 | -2.03 | -5.047 % |
| 2017 | 23.83 | 0.21 | 0.874 % | 38.64 | 0.42 | 1.099 % |
| 2018 | 23.88 | 0.05 | 0.219 % | 38.97 | 0.33 | 0.853 % |
| 2019 | 23.48 | -0.41 | -1.697 % | 39.99 | 1.01 | 2.601 % |
| 2020 | 20.89 | -2.59 | -11.028 % | 36.53 | -3.45 | -8.633 % |
| 2021 | 24.22 | 3.33 | 15.963 % | 41.69 | 5.15 | 14.101 % |
| 2022 | 28.34 | 4.12 | 17.001 % | 45.04 | 3.36 | 8.052 % |
| 2023 | 25.04 | -3.3 | -11.659 % | 47.35 | 2.31 | 5.118 % |
| 2024 | 25.63 | 0.6 | 2.383 % | 49.71 | 2.36 | 4.988 % |
Between 1960 to 2024, Trinidad and Tobago experienced the following economic phases:
The most remarkable growth occurred in 1974 with an increase of 56.023%, while the largest decline was in 1986 at -34.999%.