Gross capital formation (current US$) in Trinidad and Tobago
Trinidad and Tobago: Gross capital formation (current US$) was 4.75 billion current US$ in 2023. ▲ Rising
Gross capital formation in Trinidad and Tobago, 2000–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for gross capital formation in Trinidad and Tobago is 4.75 billion current US$, measured in 2023.
The figure is down 2.4% on the previous year and down 19.9% over ten years.
Over the whole period, gross capital formation in Trinidad and Tobago peaked at 6.85 billion current US$ in 2015 and was at its lowest, 1.37 billion current US$, in 2000.
Trinidad and Tobago ranks 128th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Gross capital formation (current US$) in Trinidad and Tobago, year by year
| Year | current US$ | Change |
|---|---|---|
| 2000 | 1.37 billion current US$ | — |
| 2001 | 2.36 billion current US$ | +72.2% |
| 2002 | 2.04 billion current US$ | -13.5% |
| 2003 | 2.85 billion current US$ | +39.7% |
| 2004 | 2.21 billion current US$ | -22.5% |
| 2005 | 1.82 billion current US$ | -17.7% |
| 2006 | 3.29 billion current US$ | +81.3% |
| 2007 | 5.74 billion current US$ | +74.3% |
| 2008 | 6.42 billion current US$ | +12.0% |
| 2009 | 6.02 billion current US$ | -6.2% |
| 2010 | 5.13 billion current US$ | -14.9% |
| 2011 | 5.57 billion current US$ | +8.6% |
| 2012 | 5.65 billion current US$ | +1.5% |
| 2013 | 5.93 billion current US$ | +5.0% |
| 2014 | 5.81 billion current US$ | -2.1% |
| 2015 | 6.85 billion current US$ | +17.9% |
| 2016 | 4.62 billion current US$ | -32.5% |
| 2017 | 4.98 billion current US$ | +7.9% |
| 2018 | 5.47 billion current US$ | +9.9% |
| 2019 | 4.92 billion current US$ | -10.0% |
| 2020 | 4.29 billion current US$ | -13.0% |
| 2021 | 4.91 billion current US$ | +14.6% |
| 2022 | 4.87 billion current US$ | -0.9% |
| 2023 | 4.75 billion current US$ | -2.4% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 4.75 billion current US$ is below the median for high income countries, which is 48.39 billion current US$, 10% of the median. (67 countries reporting)
- Trinidad and Tobago's 4.75 billion current US$ is below the median for Latin America & Caribbean, which is 11.53 billion current US$, 41% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.41 billion current US$ | 1.37 billion current US$ | 6.42 billion current US$ | 10 |
| 2010s | 5.49 billion current US$ | 4.62 billion current US$ | 6.85 billion current US$ | 10 |
| 2020s | 4.70 billion current US$ | 4.29 billion current US$ | 4.91 billion current US$ | 4 |
Countries ranked near Trinidad and Tobago
- 125 Congo 4.79 billion current US$ compare
- 126 Burkina Faso 4.76 billion current US$ compare
- 127 Niger 4.76 billion current US$ compare
- 129 Madagascar 4.74 billion current US$ compare
- 130 Tajikistan 4.68 billion current US$ compare
- 131 Laos 4.62 billion current US$ compare
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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0186 units per US$ of GDP (2025)
Frequently asked questions
- What is gross capital formation in Trinidad and Tobago?
- Gross capital formation in Trinidad and Tobago was 4.75 billion current US$ in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Trinidad and Tobago?
- The highest recorded value was 6.85 billion current US$ in 2015.
- What is the lowest gross capital formation recorded in Trinidad and Tobago?
- The lowest recorded value was 1.37 billion current US$ in 2000.
- How does Trinidad and Tobago rank for gross capital formation?
- Trinidad and Tobago ranks 128th out of 187 countries with data for 2023.
- Is gross capital formation rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 19.9%. The long-run trend across the full record is rising.
- Where does this Trinidad and Tobago data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.