Gross fixed capital formation (current LCU), per unit of GDP (LCU) in Trinidad and Tobago
Trinidad and Tobago: Gross fixed capital formation (current LCU), per unit of GDP (LCU) was 1.28 current LCU per US$ of GDP in 2023. ▲ Rising
Gross fixed capital formation (current LCU), per unit of GDP in Trinidad and Tobago, 2000–2023
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Trinidad and Tobago recorded 1.28 current LCU per US$ of GDP for gross fixed capital formation (current lcu), per unit of gdp in 2023.
Compared with earlier readings it is up 10.5% on the previous year and down 4.2% over ten years.
Over the whole period, gross fixed capital formation (current lcu), per unit of gdp in Trinidad and Tobago peaked at 1.99 current LCU per US$ of GDP in 2009 and was at its lowest, 0.689 current LCU per US$ of GDP, in 2005.
That places Trinidad and Tobago 107th out of 181 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Gross fixed capital formation (current LCU), per unit of GDP (LCU) in Trinidad and Tobago, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 2000 | 0.9803 current LCU per US$ of GDP | — |
| 2001 | 1.65 current LCU per US$ of GDP | +67.8% |
| 2002 | 1.37 current LCU per US$ of GDP | -16.9% |
| 2003 | 1.53 current LCU per US$ of GDP | +11.6% |
| 2004 | 1.01 current LCU per US$ of GDP | -34.0% |
| 2005 | 0.689 current LCU per US$ of GDP | -31.6% |
| 2006 | 0.9878 current LCU per US$ of GDP | +43.4% |
| 2007 | 1.68 current LCU per US$ of GDP | +69.8% |
| 2008 | 1.45 current LCU per US$ of GDP | -13.6% |
| 2009 | 1.99 current LCU per US$ of GDP | +37.2% |
| 2010 | 1.48 current LCU per US$ of GDP | -25.8% |
| 2011 | 1.4 current LCU per US$ of GDP | -4.9% |
| 2012 | 1.34 current LCU per US$ of GDP | -4.6% |
| 2013 | 1.34 current LCU per US$ of GDP | -0.0% |
| 2014 | 1.26 current LCU per US$ of GDP | -5.7% |
| 2015 | 1.63 current LCU per US$ of GDP | +28.9% |
| 2016 | 1.3 current LCU per US$ of GDP | -19.8% |
| 2017 | 1.42 current LCU per US$ of GDP | +8.7% |
| 2018 | 1.55 current LCU per US$ of GDP | +9.5% |
| 2019 | 1.42 current LCU per US$ of GDP | -8.7% |
| 2020 | 1.38 current LCU per US$ of GDP | -2.2% |
| 2021 | 1.37 current LCU per US$ of GDP | -1.1% |
| 2022 | 1.16 current LCU per US$ of GDP | -15.3% |
| 2023 | 1.28 current LCU per US$ of GDP | +10.5% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 1.28 current LCU per US$ of GDP is above the median for high income countries, which is 0.3014 current LCU per US$ of GDP, 4.3× the median. (64 countries reporting)
- Trinidad and Tobago's 1.28 current LCU per US$ of GDP is below the median for Latin America & Caribbean, which is 1.28 current LCU per US$ of GDP, 100% of the median. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.33 current LCU per US$ of GDP | 0.689 current LCU per US$ of GDP | 1.99 current LCU per US$ of GDP | 10 |
| 2010s | 1.41 current LCU per US$ of GDP | 1.26 current LCU per US$ of GDP | 1.63 current LCU per US$ of GDP | 10 |
| 2020s | 1.3 current LCU per US$ of GDP | 1.16 current LCU per US$ of GDP | 1.38 current LCU per US$ of GDP | 4 |
Countries ranked near Trinidad and Tobago
- 104 Ghana 1.38 current LCU per US$ of GDP compare
- 105 Hong Kong 1.32 current LCU per US$ of GDP compare
- 106 Guatemala 1.28 current LCU per US$ of GDP compare
- 108 Bolivia 1.15 current LCU per US$ of GDP compare
- 109 Romania 1.14 current LCU per US$ of GDP compare
- 110 Saudi Arabia 1.13 current LCU per US$ of GDP 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 fixed capital formation (current lcu), per unit of gdp in Trinidad and Tobago?
- Gross fixed capital formation (current lcu), per unit of gdp in Trinidad and Tobago was 1.28 current LCU per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest gross fixed capital formation (current lcu), per unit of gdp recorded in Trinidad and Tobago?
- The highest recorded value was 1.99 current LCU per US$ of GDP in 2009.
- What is the lowest gross fixed capital formation (current lcu), per unit of gdp recorded in Trinidad and Tobago?
- The lowest recorded value was 0.689 current LCU per US$ of GDP in 2005.
- How does Trinidad and Tobago rank for gross fixed capital formation (current lcu), per unit of gdp?
- Trinidad and Tobago ranks 107th out of 181 countries with data for 2023.
- Is gross fixed capital formation (current lcu), per unit of gdp rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 4.2%. The long-run trend across the full record is rising.
- 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), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross fixed capital formation (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross fixed capital formation (current LCU) ÷ GDP (current US$)
Computed from
- Gross fixed capital formation Country official statistics, National Statistical Organizations and/or Central Banks
- GDP 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
Gross fixed capital formation (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.