Gross fixed capital formation (current LCU), annual growth rate in Trinidad and Tobago
Trinidad and Tobago: Gross fixed capital formation (current LCU), annual growth rate was -2.42 % change on previous year in 2023. ◆ Volatile
Gross fixed capital formation (current LCU), annual growth rate in Trinidad and Tobago, 2001–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, gross fixed capital formation (current lcu), annual growth rate in Trinidad and Tobago stood at -2.42 % change on previous year.
That represents a change of down 159.7% on the previous year and down 146.6% over ten years.
Over the whole period, gross fixed capital formation (current lcu), annual growth rate in Trinidad and Tobago peaked at 100.06 % change on previous year in 2007 and was at its lowest, -29.45 % change on previous year, in 2016.
Trinidad and Tobago ranks 165th of 179 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (current LCU), annual growth rate in Trinidad and Tobago, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2001 | 81.61 % change on previous year | — |
| 2002 | -15.17 % change on previous year | -118.6% |
| 2003 | 40.1 % change on previous year | -364.4% |
| 2004 | -22.42 % change on previous year | -155.9% |
| 2005 | -17.73 % change on previous year | -21.0% |
| 2006 | 64.79 % change on previous year | -465.5% |
| 2007 | 100.06 % change on previous year | +54.4% |
| 2008 | 11.27 % change on previous year | -88.7% |
| 2009 | -5.65 % change on previous year | -150.1% |
| 2010 | -14.22 % change on previous year | +151.9% |
| 2011 | 9.16 % change on previous year | -164.4% |
| 2012 | 1.79 % change on previous year | -80.5% |
| 2013 | 5.2 % change on previous year | +191.2% |
| 2014 | -2.63 % change on previous year | -150.6% |
| 2015 | 17.36 % change on previous year | -759.6% |
| 2016 | -29.45 % change on previous year | -269.6% |
| 2017 | 9.65 % change on previous year | -132.8% |
| 2018 | 9.71 % change on previous year | +0.6% |
| 2019 | -10.26 % change on previous year | -205.7% |
| 2020 | -13.02 % change on previous year | +26.9% |
| 2021 | 14.74 % change on previous year | -213.2% |
| 2022 | -0.9336 % change on previous year | -106.3% |
| 2023 | -2.42 % change on previous year | +159.7% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's -2.42 % change on previous year is below the median for high income countries, which is 4.37 % change on previous year. (64 countries reporting)
- Trinidad and Tobago's -2.42 % change on previous year is below the median for Latin America & Caribbean, which is 9.64 % change on previous year. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 26.32 % change on previous year | -22.42 % change on previous year | 100.06 % change on previous year | 9 |
| 2010s | -0.3693 % change on previous year | -29.45 % change on previous year | 17.36 % change on previous year | 10 |
| 2020s | -0.4086 % change on previous year | -13.02 % change on previous year | 14.74 % change on previous year | 4 |
Countries ranked near Trinidad and Tobago
- 162 South Korea -1.73 % change on previous year compare
- 163 Denmark -2 % change on previous year compare
- 164 Greenland -2.34 % change on previous year compare
- 166 New Zealand -2.65 % change on previous year compare
- 167 Zambia -2.94 % change on previous year compare
- 168 Namibia -3.41 % 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)
- 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 fixed capital formation (current lcu), annual growth rate in Trinidad and Tobago?
- Gross fixed capital formation (current lcu), annual growth rate in Trinidad and Tobago was -2.42 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross fixed capital formation (current lcu), annual growth rate recorded in Trinidad and Tobago?
- The highest recorded value was 100.06 % change on previous year in 2007.
- What is the lowest gross fixed capital formation (current lcu), annual growth rate recorded in Trinidad and Tobago?
- The lowest recorded value was -29.45 % change on previous year in 2016.
- How does Trinidad and Tobago rank for gross fixed capital formation (current lcu), annual growth rate?
- Trinidad and Tobago ranks 165th out of 179 countries with data for 2023.
- Is gross fixed capital formation (current lcu), annual growth rate rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 146.6%. 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 fixed capital formation (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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CSV · JSON — 23 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 fixed capital formation (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross fixed capital formation Country official statistics, National Statistical Organizations and/or Central Banks
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 fixed capital formation (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.