Gross capital formation in Trinidad and Tobago
Trinidad and Tobago: Gross capital formation was 19.0% in 2023. ▼ Falling
Gross capital formation in Trinidad and Tobago, 2000–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2023, gross capital formation in Trinidad and Tobago stood at 19.0%.
Compared with earlier readings it is up 10.5% on the previous year and down 8.6% over ten years.
Over the whole period, gross capital formation in Trinidad and Tobago peaked at 31.4% in 2009 and was at its lowest, 11.4%, in 2005.
Trinidad and Tobago ranks 140th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Gross capital formation in Trinidad and Tobago, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2000 | 16.8% | — |
| 2001 | 26.7% | +59.1% |
| 2002 | 22.6% | -15.3% |
| 2003 | 25.2% | +11.3% |
| 2004 | 16.6% | -34.0% |
| 2005 | 11.4% | -31.6% |
| 2006 | 17.9% | +57.7% |
| 2007 | 26.5% | +47.9% |
| 2008 | 23.0% | -13.1% |
| 2009 | 31.4% | +36.4% |
| 2010 | 23.1% | -26.4% |
| 2011 | 21.9% | -5.4% |
| 2012 | 20.8% | -4.9% |
| 2013 | 20.8% | -0.2% |
| 2014 | 19.7% | -5.2% |
| 2015 | 25.5% | +29.5% |
| 2016 | 19.6% | -23.3% |
| 2017 | 20.9% | +6.9% |
| 2018 | 22.9% | +9.6% |
| 2019 | 21.0% | -8.5% |
| 2020 | 20.5% | -2.2% |
| 2021 | 20.3% | -1.2% |
| 2022 | 17.2% | -15.3% |
| 2023 | 19.0% | +10.5% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 19.0% is below the median for high income countries, which is 22.9%, 83% of the median. (67 countries reporting)
- Trinidad and Tobago's 19.0% is below the median for Latin America & Caribbean, which is 21.8%, 87% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21.8% | 11.4% | 31.4% | 10 |
| 2010s | 21.6% | 19.6% | 25.5% | 10 |
| 2020s | 19.2% | 17.2% | 20.5% | 4 |
Countries ranked near Trinidad and Tobago
- 137 Côte d'Ivoire 19.3% compare
- 138 Cyprus 19.3% compare
- 139 Iraq 19.1% compare
- 141 Azerbaijan 18.9% compare
- 142 Seychelles 18.7% compare
- 143 Malta 18.7% 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -390.11 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.015 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -285.22 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -794.39 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -75.3 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0306 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -580.8 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -10.46 % change on previous year (2024)
Frequently asked questions
- What is gross capital formation in Trinidad and Tobago?
- Gross capital formation in Trinidad and Tobago was 19.0% 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 31.4% in 2009.
- What is the lowest gross capital formation recorded in Trinidad and Tobago?
- The lowest recorded value was 11.4% in 2005.
- How does Trinidad and Tobago rank for gross capital formation?
- Trinidad and Tobago ranks 140th 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 8.6%. The long-run trend across the full record is falling.
- 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 (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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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 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.