Gross domestic product (GDP), annual growth rate (Bolt) in Trinidad and Tobago
Trinidad and Tobago: Gross domestic product (GDP), annual growth rate (Bolt) was 2.48 % change on previous year in 2022. ◆ Volatile
Latest (2022)
2.48 % change on previous year
Change on year
up 341.6%
World rank
122nd
of 166 countries
All-time high
20.74 % change on previous year
in 1956
All-time low
-7.84 % change on previous year
in 1983
Years of data
72
1951–2022
Gross domestic product (GDP), annual growth rate in Trinidad and Tobago, 1951–2022
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product (gdp), annual growth rate in Trinidad and Tobago is 2.48 % change on previous year, measured in 2022.
Compared with earlier readings it is up 341.6% on the previous year and down 45.3% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Trinidad and Tobago peaked at 20.74 % change on previous year in 1956 and was at its lowest, -7.84 % change on previous year, in 1983.
Trinidad and Tobago ranks 122nd of 166 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.
Gross domestic product (GDP), annual growth rate (Bolt) in Trinidad and Tobago, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1951 | 8.79 % change on previous year | — |
| 1952 | 3.42 % change on previous year | -61.2% |
| 1953 | 2.67 % change on previous year | -21.8% |
| 1954 | 1.79 % change on previous year | -33.2% |
| 1955 | 13.96 % change on previous year | +681.3% |
| 1956 | 20.74 % change on previous year | +48.6% |
| 1957 | 8.82 % change on previous year | -57.5% |
| 1958 | 8.22 % change on previous year | -6.8% |
| 1959 | 6.08 % change on previous year | -26.1% |
| 1960 | 12.06 % change on previous year | +98.5% |
| 1961 | 4.37 % change on previous year | -63.8% |
| 1962 | 5.34 % change on previous year | +22.3% |
| 1963 | 5.09 % change on previous year | -4.7% |
| 1964 | 3.43 % change on previous year | -32.7% |
| 1965 | 5.09 % change on previous year | +48.4% |
| 1966 | 4.36 % change on previous year | -14.4% |
| 1967 | 2.09 % change on previous year | -51.9% |
| 1968 | 5.19 % change on previous year | +147.9% |
| 1969 | 2.76 % change on previous year | -46.9% |
| 1970 | 3.53 % change on previous year | +28.1% |
| 1971 | 1.03 % change on previous year | -70.9% |
| 1972 | 5.78 % change on previous year | +462.1% |
| 1973 | 1.65 % change on previous year | -71.4% |
| 1974 | 5.35 % change on previous year | +224.1% |
| 1975 | 1.89 % change on previous year | -64.7% |
| 1976 | 9.56 % change on previous year | +405.3% |
| 1977 | 6.36 % change on previous year | -33.5% |
| 1978 | 11.68 % change on previous year | +83.7% |
| 1979 | 4.62 % change on previous year | -60.4% |
| 1980 | 8.01 % change on previous year | +73.3% |
| 1981 | 4.41 % change on previous year | -44.9% |
| 1982 | -5.85 % change on previous year | -232.6% |
| 1983 | -7.84 % change on previous year | +34.1% |
| 1984 | 6.01 % change on previous year | -176.7% |
| 1985 | -4.09 % change on previous year | -168.1% |
| 1986 | -3.28 % change on previous year | -19.9% |
| 1987 | -4.61 % change on previous year | +40.7% |
| 1988 | -3.89 % change on previous year | -15.7% |
| 1989 | -0.8107 % change on previous year | -79.1% |
| 1990 | 1.58 % change on previous year | -295.3% |
| 1991 | 0.1937 % change on previous year | -87.8% |
| 1992 | 1.63 % change on previous year | +740.4% |
| 1993 | -2.6 % change on previous year | -259.6% |
| 1994 | -2.44 % change on previous year | -6.0% |
| 1995 | 6.65 % change on previous year | -372.4% |
| 1996 | 6.05 % change on previous year | -9.0% |
| 1997 | 6.44 % change on previous year | +6.3% |
| 1998 | 7.03 % change on previous year | +9.3% |
| 1999 | 6.96 % change on previous year | -1.1% |
| 2000 | 5.84 % change on previous year | -16.1% |
| 2001 | 3.27 % change on previous year | -44.0% |
| 2002 | 7.17 % change on previous year | +119.1% |
| 2003 | 13.63 % change on previous year | +90.2% |
| 2004 | 7.17 % change on previous year | -47.4% |
| 2005 | 5.36 % change on previous year | -25.2% |
| 2006 | 12.27 % change on previous year | +128.9% |
| 2007 | 3.92 % change on previous year | -68.1% |
| 2008 | 2.61 % change on previous year | -33.4% |
| 2009 | -5.17 % change on previous year | -298.0% |
| 2010 | 2.45 % change on previous year | -147.4% |
| 2011 | -1.13 % change on previous year | -146.1% |
| 2012 | 4.53 % change on previous year | -501.5% |
| 2013 | 3.84 % change on previous year | -15.2% |
| 2014 | 3.32 % change on previous year | -13.6% |
| 2015 | -0.756 % change on previous year | -122.7% |
| 2016 | -6.76 % change on previous year | +794.7% |
| 2017 | -4.71 % change on previous year | -30.4% |
| 2018 | -0.871 % change on previous year | -81.5% |
| 2019 | 0.11 % change on previous year | -112.6% |
| 2020 | -7.68 % change on previous year | -7083.0% |
| 2021 | -1.03 % change on previous year | -86.6% |
| 2022 | 2.48 % change on previous year | -341.6% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 2.48 % change on previous year is below the median for high income countries, which is 3.67 % change on previous year, 68% of the median. (55 countries reporting)
- Trinidad and Tobago's 2.48 % change on previous year is below the median for Latin America & Caribbean, which is 3.87 % change on previous year, 64% of the median. (26 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate (Bolt) 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 |
|---|---|---|---|
| 2020 | -7083.0% | 0.11 % change on previous year | -7.68 % change on previous year |
| 2016 | -794.7% | -0.756 % change on previous year | -6.76 % change on previous year |
| 1992 | +740.4% | 0.1937 % change on previous year | 1.63 % change on previous year |
| 1955 | +681.3% | 1.79 % change on previous year | 13.96 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 8.28 % change on previous year | 1.79 % change on previous year | 20.74 % change on previous year | 9 |
| 1960s | 4.98 % change on previous year | 2.09 % change on previous year | 12.06 % change on previous year | 10 |
| 1970s | 5.15 % change on previous year | 1.03 % change on previous year | 11.68 % change on previous year | 10 |
| 1980s | -1.19 % change on previous year | -7.84 % change on previous year | 8.01 % change on previous year | 10 |
| 1990s | 3.15 % change on previous year | -2.6 % change on previous year | 7.03 % change on previous year | 10 |
| 2000s | 5.61 % change on previous year | -5.17 % change on previous year | 13.63 % change on previous year | 10 |
| 2010s | 0.0029 % change on previous year | -6.76 % change on previous year | 4.53 % change on previous year | 10 |
| 2020s | -2.07 % change on previous year | -7.68 % change on previous year | 2.48 % change on previous year | 3 |
Countries ranked near Trinidad and Tobago
- 119 South Korea 2.56 % change on previous year compare
- 120 Tunisia 2.52 % change on previous year compare
- 121 Chad 2.49 % change on previous year compare
- 123 Burkina Faso 2.47 % change on previous year compare
- 124 Burundi 2.47 % change on previous year compare
- 125 Czechia 2.46 % change on previous year 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 domestic product (gdp), annual growth rate in Trinidad and Tobago?
- Gross domestic product (gdp), annual growth rate in Trinidad and Tobago was 2.48 % change on previous year in 2022, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Trinidad and Tobago?
- The highest recorded value was 20.74 % change on previous year in 1956.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Trinidad and Tobago?
- The lowest recorded value was -7.84 % change on previous year in 1983.
- How does Trinidad and Tobago rank for gross domestic product (gdp), annual growth rate?
- Trinidad and Tobago ranks 122nd out of 166 countries with data for 2022.
- Is gross domestic product (gdp), annual growth rate rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 45.3%. The long-run trend across the full record is volatile.
- Where does this Trinidad and Tobago data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 72 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.