Gross Domestic Product: Value Standard … Gross annual growth rate in Trinidad and Tobago
Trinidad and Tobago: Gross Domestic Product: Value Standard … Gross annual growth rate was 3.67 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Trinidad and Tobago, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value standard local currency, annual growth in Trinidad and Tobago is 3.67 % change on previous year, measured in 2024.
Compared with earlier readings it is up 134.5% on the previous year and up 37.8% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Trinidad and Tobago peaked at 63.53 % change on previous year in 1974 and was at its lowest, -30.8 % change on previous year, in 2009.
That places Trinidad and Tobago 177th out of 218 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product: Value Standard … Gross annual growth rate in Trinidad and Tobago, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 7.73 % change on previous year | — |
| 1972 | 17.56 % change on previous year | +127.3% |
| 1973 | 23.15 % change on previous year | +31.8% |
| 1974 | 63.53 % change on previous year | +174.4% |
| 1975 | 26.4 % change on previous year | -58.4% |
| 1976 | 14.92 % change on previous year | -43.5% |
| 1977 | 23.67 % change on previous year | +58.6% |
| 1978 | 13.5 % change on previous year | -43.0% |
| 1979 | 29.19 % change on previous year | +116.2% |
| 1980 | 35.49 % change on previous year | +21.6% |
| 1981 | 12.13 % change on previous year | -65.8% |
| 1982 | 16.42 % change on previous year | +35.4% |
| 1983 | -4.63 % change on previous year | -128.2% |
| 1984 | -0.0854 % change on previous year | -98.2% |
| 1985 | -2.93 % change on previous year | +3333.9% |
| 1986 | -4.49 % change on previous year | +53.0% |
| 1987 | 0.0692 % change on previous year | -101.5% |
| 1988 | 0.0751 % change on previous year | +8.7% |
| 1989 | 6.29 % change on previous year | +8276.9% |
| 1990 | 17.23 % change on previous year | +173.7% |
| 1991 | 4.74 % change on previous year | -72.5% |
| 1992 | 2.48 % change on previous year | -47.7% |
| 1993 | 5.94 % change on previous year | +139.7% |
| 1994 | 19.68 % change on previous year | +231.4% |
| 1995 | 8.14 % change on previous year | -58.7% |
| 1996 | 9.12 % change on previous year | +12.1% |
| 1997 | 3.71 % change on previous year | -59.3% |
| 1998 | 6.12 % change on previous year | +64.7% |
| 1999 | 12.67 % change on previous year | +107.2% |
| 2000 | 19.78 % change on previous year | +56.1% |
| 2001 | 7.09 % change on previous year | -64.2% |
| 2002 | 2.34 % change on previous year | -67.0% |
| 2003 | 26.44 % change on previous year | +1029.8% |
| 2004 | 17.55 % change on previous year | -33.6% |
| 2005 | 20.37 % change on previous year | +16.1% |
| 2006 | 15.17 % change on previous year | -25.5% |
| 2007 | 18.12 % change on previous year | +19.4% |
| 2008 | 28 % change on previous year | +54.5% |
| 2009 | -30.8 % change on previous year | -210.0% |
| 2010 | 16.31 % change on previous year | -152.9% |
| 2011 | 15.58 % change on previous year | -4.4% |
| 2012 | 1.35 % change on previous year | -91.3% |
| 2013 | 5.42 % change on previous year | +300.0% |
| 2014 | 2.66 % change on previous year | -50.9% |
| 2015 | -9.38 % change on previous year | -452.5% |
| 2016 | -7.96 % change on previous year | -15.2% |
| 2017 | 2.62 % change on previous year | -132.9% |
| 2018 | 0.0427 % change on previous year | -98.4% |
| 2019 | -1.5 % change on previous year | -3613.0% |
| 2020 | -11.05 % change on previous year | +637.1% |
| 2021 | 15.3 % change on previous year | -238.5% |
| 2022 | 17.84 % change on previous year | +16.6% |
| 2023 | -10.65 % change on previous year | -159.7% |
| 2024 | 3.67 % change on previous year | -134.5% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 3.67 % change on previous year is below the median for high income countries, which is 4.65 % change on previous year, 79% of the median. (72 countries reporting)
- Trinidad and Tobago's 3.67 % change on previous year is below the median for Latin America & Caribbean, which is 6.78 % change on previous year, 54% of the median. (38 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product: Value Standard … Gross annual growth rate 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 |
|---|---|---|---|
| 1989 | +8276.9% | 0.0751 % change on previous year | 6.29 % change on previous year |
| 2019 | -3613.0% | 0.0427 % change on previous year | -1.5 % change on previous year |
| 1985 | -3333.9% | -0.0854 % change on previous year | -2.93 % change on previous year |
| 2003 | +1029.8% | 2.34 % change on previous year | 26.44 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 24.41 % change on previous year | 7.73 % change on previous year | 63.53 % change on previous year | 9 |
| 1980s | 5.83 % change on previous year | -4.63 % change on previous year | 35.49 % change on previous year | 10 |
| 1990s | 8.98 % change on previous year | 2.48 % change on previous year | 19.68 % change on previous year | 10 |
| 2000s | 12.41 % change on previous year | -30.8 % change on previous year | 28 % change on previous year | 10 |
| 2010s | 2.51 % change on previous year | -9.38 % change on previous year | 16.31 % change on previous year | 10 |
| 2020s | 3.02 % change on previous year | -11.05 % change on previous year | 17.84 % change on previous year | 5 |
Countries ranked near Trinidad and Tobago
- 174 Libya 3.83 % change on previous year compare
- 175 Sweden 3.79 % change on previous year compare
- 176 Bahamas 3.68 % change on previous year compare
- 178 Liechtenstein 3.66 % change on previous year compare
- 179 Netherlands Antilles (former) 3.59 % change on previous year compare
- 180 Panama 3.53 % change on previous year compare
More economy & growth data for Trinidad and Tobago
- Real gdp growth, annual growth rate 71.15 % change on previous year (2024)
- 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)
Frequently asked questions
- What is gross domestic product — value standard local currency, annual growth in Trinidad and Tobago?
- Gross domestic product — value standard local currency, annual growth in Trinidad and Tobago was 3.67 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Trinidad and Tobago?
- The highest recorded value was 63.53 % change on previous year in 1974.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Trinidad and Tobago?
- The lowest recorded value was -30.8 % change on previous year in 2009.
- How does Trinidad and Tobago rank for gross domestic product — value standard local currency, annual growth?
- Trinidad and Tobago ranks 177th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 37.8%. 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 — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.