Gross Fixed Capital Formation — Value US$ in Trinidad and Tobago
Trinidad and Tobago: Gross Fixed Capital Formation — Value US$ was 3,015 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$ 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 fixed capital formation — value us$ in Trinidad and Tobago is 3,015 million USD, measured in 2024.
Compared with earlier readings it is down 6.9% on the previous year and down 39.3% over ten years.
Over the whole period, gross fixed capital formation — value us$ in Trinidad and Tobago peaked at 7,284 million USD in 2016 and was at its lowest, 181.56 million USD, in 1970.
Trinidad and Tobago ranks 137th of 203 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$ in Trinidad and Tobago, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 181.56 million USD | — |
| 1971 | 310.54 million USD | +71.0% |
| 1972 | 337.88 million USD | +8.8% |
| 1973 | 311.94 million USD | -7.7% |
| 1974 | 334.68 million USD | +7.3% |
| 1975 | 527.83 million USD | +57.7% |
| 1976 | 605.83 million USD | +14.8% |
| 1977 | 763.08 million USD | +26.0% |
| 1978 | 1,022 million USD | +33.9% |
| 1979 | 1,298 million USD | +27.1% |
| 1980 | 1,849 million USD | +42.4% |
| 1981 | 1,884 million USD | +1.9% |
| 1982 | 2,213 million USD | +17.5% |
| 1983 | 2,109 million USD | -4.7% |
| 1984 | 1,919 million USD | -9.0% |
| 1985 | 1,575 million USD | -17.9% |
| 1986 | 1,054 million USD | -33.1% |
| 1987 | 938.27 million USD | -10.9% |
| 1988 | 600.31 million USD | -36.0% |
| 1989 | 674.07 million USD | +12.3% |
| 1990 | 737.65 million USD | +9.4% |
| 1991 | 885.43 million USD | +20.0% |
| 1992 | 782.85 million USD | -11.6% |
| 1993 | 672.07 million USD | -14.2% |
| 1994 | 1,033 million USD | +53.7% |
| 1995 | 1,065 million USD | +3.1% |
| 1996 | 1,400 million USD | +31.5% |
| 1997 | 1,773 million USD | +26.6% |
| 1998 | 2,004 million USD | +13.0% |
| 1999 | 1,480 million USD | -26.1% |
| 2000 | 1,339 million USD | -9.5% |
| 2001 | 2,459 million USD | +83.6% |
| 2002 | 2,081 million USD | -15.4% |
| 2003 | 2,894 million USD | +39.1% |
| 2004 | 2,628 million USD | -9.2% |
| 2005 | 4,835 million USD | +84.0% |
| 2006 | 2,938 million USD | -39.2% |
| 2007 | 2,808 million USD | -4.4% |
| 2008 | 3,080 million USD | +9.7% |
| 2009 | 4,541 million USD | +47.4% |
| 2010 | 2,785 million USD | -38.7% |
| 2011 | 2,514 million USD | -9.7% |
| 2012 | 4,380 million USD | +74.2% |
| 2013 | 3,582 million USD | -18.2% |
| 2014 | 4,971 million USD | +38.8% |
| 2015 | 6,880 million USD | +38.4% |
| 2016 | 7,284 million USD | +5.9% |
| 2017 | 5,265 million USD | -27.7% |
| 2018 | 4,145 million USD | -21.3% |
| 2019 | 4,632 million USD | +11.8% |
| 2020 | 4,768 million USD | +2.9% |
| 2021 | 2,808 million USD | -41.1% |
| 2022 | 1,231 million USD | -56.2% |
| 2023 | 3,238 million USD | +163.1% |
| 2024 | 3,015 million USD | -6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 569.34 million USD | 181.56 million USD | 1,298 million USD | 10 |
| 1980s | 1,482 million USD | 600.31 million USD | 2,213 million USD | 10 |
| 1990s | 1,183 million USD | 672.07 million USD | 2,004 million USD | 10 |
| 2000s | 2,960 million USD | 1,339 million USD | 4,835 million USD | 10 |
| 2010s | 4,644 million USD | 2,514 million USD | 7,284 million USD | 10 |
| 2020s | 3,012 million USD | 1,231 million USD | 4,768 million USD | 5 |
Countries ranked near Trinidad and Tobago
- 134 Namibia 3,166 million USD compare
- 135 Afghanistan 3,137 million USD compare
- 136 New Caledonia 3,088 million USD compare
- 138 Palestine, State of 3,004 million USD compare
- 139 Somalia 2,841 million USD compare
- 140 Haiti 2,516 million USD 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)
- Net primary income (Net income from abroad) (current LCU), annual -78.53 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 27.74 % change on previous year (2024)
- Taxes less subsidies on products (current US$), per unit of GDP 0.054 current US$ per US$ of GDP (2024)
- Taxes less subsidies on products (current US$), per capita 1,011 current US$ per person (2024)
- Taxes less subsidies on products (current LCU), annual growth rate 27.74 % change on previous year (2024)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.3643 current LCU per US$ of GDP (2024)
- Taxes less subsidies on products (current LCU), per capita 6,825 current LCU per person (2024)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.1078 (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$ in Trinidad and Tobago?
- Gross fixed capital formation — value us$ in Trinidad and Tobago was 3,015 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$ recorded in Trinidad and Tobago?
- The highest recorded value was 7,284 million USD in 2016.
- What is the lowest gross fixed capital formation — value us$ recorded in Trinidad and Tobago?
- The lowest recorded value was 181.56 million USD in 1970.
- How does Trinidad and Tobago rank for gross fixed capital formation — value us$?
- Trinidad and Tobago ranks 137th out of 203 countries with data for 2024.
- Is gross fixed capital formation — value us$ rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 39.3%. The long-run trend across the full record is volatile.
- 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 Fixed Capital Formation — Value US$. 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).