Gross fixed capital formation (current LCU) in Trinidad and Tobago
Trinidad and Tobago: Gross fixed capital formation (current LCU) was 32.09 billion current LCU in 2023. ▲ Rising
Gross fixed capital formation in Trinidad and Tobago, 2000–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2023, gross fixed capital formation in Trinidad and Tobago stood at 32.09 billion current LCU.
Compared with earlier readings it is down 2.4% on the previous year and down 16.0% over ten years.
Over the whole period, gross fixed capital formation in Trinidad and Tobago peaked at 43.67 billion current LCU in 2015 and was at its lowest, 7.99 billion current LCU, in 2000.
Trinidad and Tobago ranks 132nd of 181 countries on this measure, 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) in Trinidad and Tobago, year by year
| Year | current LCU | Change |
|---|---|---|
| 2000 | 7.99 billion current LCU | — |
| 2001 | 14.52 billion current LCU | +81.6% |
| 2002 | 12.32 billion current LCU | -15.2% |
| 2003 | 17.25 billion current LCU | +40.1% |
| 2004 | 13.38 billion current LCU | -22.4% |
| 2005 | 11.01 billion current LCU | -17.7% |
| 2006 | 18.15 billion current LCU | +64.8% |
| 2007 | 36.30 billion current LCU | +100.1% |
| 2008 | 40.39 billion current LCU | +11.3% |
| 2009 | 38.11 billion current LCU | -5.6% |
| 2010 | 32.69 billion current LCU | -14.2% |
| 2011 | 35.69 billion current LCU | +9.2% |
| 2012 | 36.32 billion current LCU | +1.8% |
| 2013 | 38.21 billion current LCU | +5.2% |
| 2014 | 37.21 billion current LCU | -2.6% |
| 2015 | 43.67 billion current LCU | +17.4% |
| 2016 | 30.81 billion current LCU | -29.5% |
| 2017 | 33.78 billion current LCU | +9.6% |
| 2018 | 37.06 billion current LCU | +9.7% |
| 2019 | 33.26 billion current LCU | -10.3% |
| 2020 | 28.93 billion current LCU | -13.0% |
| 2021 | 33.19 billion current LCU | +14.7% |
| 2022 | 32.88 billion current LCU | -0.9% |
| 2023 | 32.09 billion current LCU | -2.4% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 32.09 billion current LCU is below the median for high income countries, which is 147.41 billion current LCU, 22% of the median. (64 countries reporting)
- Trinidad and Tobago's 32.09 billion current LCU is below the median for Latin America & Caribbean, which is 200.44 billion current LCU, 16% of the median. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 20.94 billion current LCU | 7.99 billion current LCU | 40.39 billion current LCU | 10 |
| 2010s | 35.87 billion current LCU | 30.81 billion current LCU | 43.67 billion current LCU | 10 |
| 2020s | 31.77 billion current LCU | 28.93 billion current LCU | 33.19 billion current LCU | 4 |
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)
- 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 in Trinidad and Tobago?
- Gross fixed capital formation in Trinidad and Tobago was 32.09 billion current LCU in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Trinidad and Tobago?
- The highest recorded value was 43.67 billion current LCU in 2015.
- What is the lowest gross fixed capital formation recorded in Trinidad and Tobago?
- The lowest recorded value was 7.99 billion current LCU in 2000.
- How does Trinidad and Tobago rank for gross fixed capital formation?
- Trinidad and Tobago ranks 132nd out of 181 countries with data for 2023.
- Is gross fixed capital formation rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 16.0%. The long-run trend across the full record is rising.
- Where does this Trinidad and Tobago data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross fixed capital formation (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.