Current account balance as a share of GDP in Trinidad and Tobago
Trinidad and Tobago: Current account balance as a share of GDP was 2.5% in 2024. ◆ Volatile
Current account balance as a share of GDP in Trinidad and Tobago, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for current account balance as a share of gdp in Trinidad and Tobago is 2.5%, measured 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 share of gdp in Trinidad and Tobago peaked at 38.8% in 2006 and was at its lowest, -6.5%, in 2020.
That places Trinidad and Tobago 58th out of 193 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.
Current account balance as a share 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% | +924.7% |
| 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% | +121.0% |
| 2011 | 18.5% | -1.7% |
| 2012 | 14.2% | -23.1% |
| 2013 | 19.5% | +37.0% |
| 2014 | 14.1% | -27.7% |
| 2015 | 7.7% | -45.7% |
| 2016 | -3.3% | -143.0% |
| 2017 | 5.9% | -279.6% |
| 2018 | 6.8% | +15.2% |
| 2019 | 4.3% | -36.1% |
| 2020 | -6.5% | -249.2% |
| 2021 | 10.8% | -267.2% |
| 2022 | 10.2% | -6.3% |
| 2023 | 11.6% | +13.6% |
| 2024 | 2.5% | -78.2% |
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% | 11.6% | 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)
- Total reserves minus gold (current US$), annual growth rate -11.24 % change on previous year (2024)
- Total reserves minus gold (current US$), per unit of GDP 0.2121 current US$ per US$ of GDP (2024)
- Total reserves minus gold (current US$), per capita 3,974 current US$ per person (2024)
- Gross fixed capital formation (current US$), annual growth rate -2.37 % change on previous year (2023)
- Gross fixed capital formation (current US$), per unit of GDP 0.1899 current US$ per US$ of GDP (2023)
- Gross fixed capital formation (current US$), per capita 3,476 current US$ per person (2023)
- Gross fixed capital formation (current LCU), per unit of GDP 1.28 current LCU per US$ of GDP (2023)
- Gross fixed capital formation (current LCU), per capita 23,464 current LCU per person (2023)
Frequently asked questions
- What is current account balance as a share of gdp in Trinidad and Tobago?
- Current account balance as a share of gdp in Trinidad and Tobago was 2.5% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share 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 share 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 share of gdp?
- Trinidad and Tobago ranks 58th out of 193 countries with data for 2024.
- Is current account balance as a share 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 International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).