Gross Domestic Product — Value US$, 2015 prices in Trinidad and Tobago
Trinidad and Tobago: Gross Domestic Product — Value US$, 2015 prices was 22,139 million USD in 2024. ▲ Rising
Gross Domestic Product — Value US$, 2015 prices in Trinidad and Tobago, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$, 2015 prices in Trinidad and Tobago is 22,139 million USD, measured in 2024.
That represents a change of up 1.7% on the previous year and down 18.0% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Trinidad and Tobago peaked at 26,994 million USD in 2014 and was at its lowest, 6,886 million USD, in 1970.
Trinidad and Tobago ranks 112th of 203 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value US$, 2015 prices in Trinidad and Tobago, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 6,886 million USD | — |
| 1971 | 6,958 million USD | +1.0% |
| 1972 | 7,360 million USD | +5.8% |
| 1973 | 7,481 million USD | +1.7% |
| 1974 | 7,766 million USD | +3.8% |
| 1975 | 7,879 million USD | +1.5% |
| 1976 | 8,386 million USD | +6.4% |
| 1977 | 9,148 million USD | +9.1% |
| 1978 | 10,066 million USD | +10.0% |
| 1979 | 10,430 million USD | +3.6% |
| 1980 | 11,511 million USD | +10.4% |
| 1981 | 12,038 million USD | +4.6% |
| 1982 | 12,496 million USD | +3.8% |
| 1983 | 11,208 million USD | -10.3% |
| 1984 | 10,563 million USD | -5.8% |
| 1985 | 10,128 million USD | -4.1% |
| 1986 | 9,796 million USD | -3.3% |
| 1987 | 9,349 million USD | -4.6% |
| 1988 | 8,982 million USD | -3.9% |
| 1989 | 8,908 million USD | -0.8% |
| 1990 | 9,042 million USD | +1.5% |
| 1991 | 9,285 million USD | +2.7% |
| 1992 | 9,132 million USD | -1.6% |
| 1993 | 9,000 million USD | -1.4% |
| 1994 | 9,320 million USD | +3.6% |
| 1995 | 9,689 million USD | +4.0% |
| 1996 | 10,372 million USD | +7.0% |
| 1997 | 11,169 million USD | +7.7% |
| 1998 | 12,080 million USD | +8.2% |
| 1999 | 13,044 million USD | +8.0% |
| 2000 | 13,945 million USD | +6.9% |
| 2001 | 14,528 million USD | +4.2% |
| 2002 | 15,681 million USD | +7.9% |
| 2003 | 17,947 million USD | +14.5% |
| 2004 | 19,375 million USD | +8.0% |
| 2005 | 20,580 million USD | +6.2% |
| 2006 | 23,363 million USD | +13.5% |
| 2007 | 24,410 million USD | +4.5% |
| 2008 | 25,240 million USD | +3.4% |
| 2009 | 24,133 million USD | -4.4% |
| 2010 | 24,937 million USD | +3.3% |
| 2011 | 24,866 million USD | -0.3% |
| 2012 | 25,189 million USD | +1.3% |
| 2013 | 26,032 million USD | +3.3% |
| 2014 | 26,994 million USD | +3.7% |
| 2015 | 26,841 million USD | -0.6% |
| 2016 | 24,854 million USD | -7.4% |
| 2017 | 23,656 million USD | -4.8% |
| 2018 | 23,423 million USD | -1.0% |
| 2019 | 23,534 million USD | +0.5% |
| 2020 | 21,439 million USD | -8.9% |
| 2021 | 21,243 million USD | -0.9% |
| 2022 | 21,473 million USD | +1.1% |
| 2023 | 21,779 million USD | +1.4% |
| 2024 | 22,139 million USD | +1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8,236 million USD | 6,886 million USD | 10,430 million USD | 10 |
| 1980s | 10,498 million USD | 8,908 million USD | 12,496 million USD | 10 |
| 1990s | 10,213 million USD | 9,000 million USD | 13,044 million USD | 10 |
| 2000s | 19,920 million USD | 13,945 million USD | 25,240 million USD | 10 |
| 2010s | 25,033 million USD | 23,423 million USD | 26,994 million USD | 10 |
| 2020s | 21,615 million USD | 21,243 million USD | 22,139 million USD | 5 |
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 gross domestic product — value us$, 2015 prices in Trinidad and Tobago?
- Gross domestic product — value us$, 2015 prices in Trinidad and Tobago was 22,139 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Trinidad and Tobago?
- The highest recorded value was 26,994 million USD in 2014.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Trinidad and Tobago?
- The lowest recorded value was 6,886 million USD in 1970.
- How does Trinidad and Tobago rank for gross domestic product — value us$, 2015 prices?
- Trinidad and Tobago ranks 112th out of 203 countries with data for 2024.
- Is gross domestic product — value us$, 2015 prices rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 18.0%. The long-run trend across the full record is rising.
- Where does this Trinidad and Tobago data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).