Annual GDP growth in Trinidad and Tobago
Trinidad and Tobago: Annual GDP growth was 2.5% in 2024. ◆ Volatile
Annual GDP growth in Trinidad and Tobago, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, annual gdp growth in Trinidad and Tobago stood at 2.5%.
Compared with earlier readings it is up 71.1% on the previous year and down 31.6% over ten years.
Over the whole period, annual gdp growth in Trinidad and Tobago peaked at 14.4% in 2003 and was at its lowest, -8.8%, in 2020.
That places Trinidad and Tobago 120th out of 196 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Trinidad and Tobago, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 6.9% | — |
| 2001 | 4.2% | -39.6% |
| 2002 | 7.9% | +90.4% |
| 2003 | 14.4% | +82.0% |
| 2004 | 8.0% | -44.9% |
| 2005 | 6.2% | -21.9% |
| 2006 | 13.2% | +112.7% |
| 2007 | 4.8% | -64.0% |
| 2008 | 3.4% | -28.7% |
| 2009 | -4.4% | -229.5% |
| 2010 | 3.3% | -175.7% |
| 2011 | -0.3% | -108.9% |
| 2012 | 6.7% | -2379.8% |
| 2013 | 3.4% | -49.8% |
| 2014 | 3.7% | +9.0% |
| 2015 | -0.4% | -111.1% |
| 2016 | -7.5% | +1755.0% |
| 2017 | -4.9% | -35.3% |
| 2018 | -0.9% | -80.6% |
| 2019 | 0.5% | -149.5% |
| 2020 | -8.8% | -1979.0% |
| 2021 | -0.7% | -91.8% |
| 2022 | 0.9% | -220.2% |
| 2023 | 1.5% | +70.3% |
| 2024 | 2.5% | +71.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.5% | -4.4% | 14.4% | 10 |
| 2010s | 0.3% | -7.5% | 6.7% | 10 |
| 2020s | -0.9% | -8.8% | 2.5% | 5 |
Countries ranked near Trinidad and Tobago
More economy & growth data for Trinidad and Tobago
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.73 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.79 Percent per annum (2029)
- Agriculture, forestry, and fishing, value added (current LCU), annual -4.75 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0525 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 983.34 current LCU per person (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) -5.39 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0047 constant 2015 US$ per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 87.84 constant 2015 US$ per person (2024)
- Agriculture, forestry, and fishing, value added (constant LCU) -5.39 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (constant LCU), per 0.0265 constant LCU per US$ of GDP (2024)
Frequently asked questions
- What is annual gdp growth in Trinidad and Tobago?
- Annual gdp growth in Trinidad and Tobago was 2.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Trinidad and Tobago?
- The highest recorded value was 14.4% in 2003.
- What is the lowest annual gdp growth recorded in Trinidad and Tobago?
- The lowest recorded value was -8.8% in 2020.
- How does Trinidad and Tobago rank for annual gdp growth?
- Trinidad and Tobago ranks 120th out of 196 countries with data for 2024.
- Is annual gdp growth rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 31.6%. The long-run trend across the full record is volatile.
- Where does this Trinidad and Tobago data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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