Current account balance as a proportion of GDP (%) in Trinidad and Tobago
Trinidad and Tobago: Current account balance as a proportion of GDP (%) was 2.5% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Trinidad and Tobago, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Trinidad and Tobago recorded 2.5% for current account balance as a proportion of gdp in 2024.
The figure is down 78.2% on the previous year and down 82.1% over ten years.
Over the whole period, current account balance as a proportion of gdp in Trinidad and Tobago peaked at 38.8% in 2006 and was at its lowest, -6.5%, in 2020.
Trinidad and Tobago ranks 62nd of 205 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP (%) in Trinidad and Tobago, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 6.7% | — |
| 2001 | 4.7% | -29.4% |
| 2002 | 0.8% | -82.0% |
| 2003 | 8.7% | +927.0% |
| 2004 | 13.5% | +55.0% |
| 2005 | 24.3% | +79.9% |
| 2006 | 38.8% | +59.7% |
| 2007 | 23.9% | -38.5% |
| 2008 | 30.5% | +27.7% |
| 2009 | 8.5% | -72.1% |
| 2010 | 18.8% | +121.1% |
| 2011 | 18.5% | -1.7% |
| 2012 | 14.2% | -23.1% |
| 2013 | 19.5% | +37.0% |
| 2014 | 14.1% | -27.7% |
| 2015 | 7.7% | -45.6% |
| 2016 | -3.3% | -142.9% |
| 2017 | 5.9% | -279.9% |
| 2018 | 6.8% | +15.1% |
| 2019 | 4.3% | -36.2% |
| 2020 | -6.5% | -249.4% |
| 2021 | 10.9% | -267.2% |
| 2022 | 10.2% | -6.3% |
| 2023 | 11.5% | +13.5% |
| 2024 | 2.5% | -78.2% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 2.5% is above the median for high income countries, which is 1.6%, 1.6× the median. (69 countries reporting)
- Trinidad and Tobago's 2.5% is above the median for Latin America & Caribbean, which is -1.6%. (35 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) in Trinidad and Tobago changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | +927.0% | 0.8% | 8.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.0% | 0.8% | 38.8% | 10 |
| 2010s | 10.7% | -3.3% | 19.5% | 10 |
| 2020s | 5.7% | -6.5% | 11.5% | 5 |
Countries ranked near Trinidad and Tobago
More economy & growth data for Trinidad and Tobago
- Real gdp growth, annual growth rate 71.15 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.49 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0414 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 785.84 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.4521 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0303 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 573.82 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.09 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Trinidad and Tobago?
- Current account balance as a proportion of gdp in Trinidad and Tobago was 2.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Trinidad and Tobago?
- The highest recorded value was 38.8% in 2006.
- What is the lowest current account balance as a proportion of gdp recorded in Trinidad and Tobago?
- The lowest recorded value was -6.5% in 2020.
- How does Trinidad and Tobago rank for current account balance as a proportion of gdp?
- Trinidad and Tobago ranks 62nd out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 82.1%. 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 Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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