Gross fixed capital formation in Trinidad and Tobago
Trinidad and Tobago: Gross fixed capital formation was 19.0% in 2023. ▬ Flat
Gross fixed capital formation in Trinidad and Tobago, 2000–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Trinidad and Tobago recorded 19.0% for gross fixed capital formation in 2023.
The figure is up 10.5% on the previous year and down 8.6% over ten years.
Over the whole period, gross fixed capital formation in Trinidad and Tobago peaked at 31.4% in 2009 and was at its lowest, 10.9%, in 2005.
That places Trinidad and Tobago 132nd out of 181 countries with data for 2023, putting it in the middle of the range.
Gross fixed capital formation in Trinidad and Tobago, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2000 | 15.6% | — |
| 2001 | 26.4% | +69.6% |
| 2002 | 21.9% | -17.1% |
| 2003 | 24.2% | +10.8% |
| 2004 | 16.0% | -34.0% |
| 2005 | 10.9% | -31.6% |
| 2006 | 15.6% | +43.1% |
| 2007 | 26.5% | +69.4% |
| 2008 | 23.0% | -13.1% |
| 2009 | 31.4% | +36.4% |
| 2010 | 23.1% | -26.4% |
| 2011 | 21.9% | -5.4% |
| 2012 | 20.8% | -4.9% |
| 2013 | 20.8% | -0.2% |
| 2014 | 19.7% | -5.2% |
| 2015 | 25.5% | +29.5% |
| 2016 | 19.6% | -23.3% |
| 2017 | 20.9% | +6.9% |
| 2018 | 22.9% | +9.6% |
| 2019 | 21.0% | -8.5% |
| 2020 | 20.5% | -2.2% |
| 2021 | 20.3% | -1.2% |
| 2022 | 17.2% | -15.3% |
| 2023 | 19.0% | +10.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21.2% | 10.9% | 31.4% | 10 |
| 2010s | 21.6% | 19.6% | 25.5% | 10 |
| 2020s | 19.2% | 17.2% | 20.5% | 4 |
Countries ranked near Trinidad and Tobago
- 129 Ukraine 19.4% compare
- 130 Cameroon 19.3% compare
- 131 Georgia 19.0% compare
- 133 United Kingdom of Great Britain and Northern Ireland 18.9% compare
- 134 Seychelles 18.7% compare
- 135 Papua New Guinea 18.1% 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 in Trinidad and Tobago?
- Gross fixed capital formation in Trinidad and Tobago was 19.0% 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 31.4% in 2009.
- What is the lowest gross fixed capital formation recorded in Trinidad and Tobago?
- The lowest recorded value was 10.9% in 2005.
- 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 8.6%. The long-run trend across the full record is flat.
- 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 (% of GDP). Statizoid updates them automatically from the source API.
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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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.