Expense in Trinidad and Tobago
Trinidad and Tobago: Expense was 33.3% in 2019. ▲ Rising
Expense in Trinidad and Tobago, 2001–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Trinidad and Tobago recorded 33.3% for expense in 2019.
That represents a change of up 6.3% on the previous year and up 0.9% over ten years.
Over the whole period, expense in Trinidad and Tobago peaked at 33.5% in 2015 and was at its lowest, 22.1%, in 2003.
That places Trinidad and Tobago 48th out of 157 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Expense in Trinidad and Tobago, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 23.9% | — |
| 2002 | 24.9% | +4.4% |
| 2003 | 22.1% | -11.2% |
| 2004 | 22.6% | +2.3% |
| 2005 | 22.7% | +0.2% |
| 2006 | 29.5% | +30.3% |
| 2007 | 24.5% | -16.9% |
| 2008 | 26.4% | +7.8% |
| 2009 | 33.0% | +24.9% |
| 2010 | 30.7% | -7.0% |
| 2011 | 27.3% | -11.0% |
| 2012 | 28.5% | +4.4% |
| 2013 | 29.4% | +3.2% |
| 2014 | 31.1% | +5.6% |
| 2015 | 33.5% | +7.9% |
| 2016 | 33.4% | -0.4% |
| 2017 | 33.0% | -1.1% |
| 2018 | 31.4% | -5.1% |
| 2019 | 33.3% | +6.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 25.5% | 22.1% | 33.0% | 9 |
| 2010s | 31.2% | 27.3% | 33.5% | 10 |
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)
- 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)
- Gross capital formation (current US$), annual growth rate -2.37 % change on previous year (2023)
- Gross capital formation (current US$), per unit of GDP 0.1899 current US$ per US$ of GDP (2023)
- Gross capital formation (current US$), per capita 3,476 current US$ per person (2023)
Frequently asked questions
- What is expense in Trinidad and Tobago?
- Expense in Trinidad and Tobago was 33.3% in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Trinidad and Tobago?
- The highest recorded value was 33.5% in 2015.
- What is the lowest expense recorded in Trinidad and Tobago?
- The lowest recorded value was 22.1% in 2003.
- How does Trinidad and Tobago rank for expense?
- Trinidad and Tobago ranks 48th out of 157 countries with data for 2019.
- Is expense rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 0.9%. The long-run trend across the full record is rising.
- Where does this Trinidad and Tobago data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.