Merchandise trade as a proportion of GDP in Trinidad and Tobago
Trinidad and Tobago: Merchandise trade as a proportion of GDP was 60.7% in 2024. ▼ Falling
Latest (2024)
60.7%
Change on year
down 10.7%
World rank
91st
of 218 countries
All-time high
112.4%
in 2006
All-time low
49.8%
in 2020
Years of data
25
2000–2024
Merchandise trade as a proportion of GDP in Trinidad and Tobago, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Trinidad and Tobago recorded 60.7% for merchandise trade as a proportion of gdp in 2024.
Compared with earlier readings it is down 10.7% on the previous year and down 30.6% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Trinidad and Tobago peaked at 112.4% in 2006 and was at its lowest, 49.8%, in 2020.
Trinidad and Tobago ranks 91st of 218 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Merchandise trade as a proportion of GDP in Trinidad and Tobago, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 93.0% | — |
| 2001 | 88.9% | -4.3% |
| 2002 | 83.5% | -6.1% |
| 2003 | 80.2% | -3.9% |
| 2004 | 85.7% | +6.8% |
| 2005 | 97.8% | +14.2% |
| 2006 | 112.4% | +14.8% |
| 2007 | 97.3% | -13.4% |
| 2008 | 101.3% | +4.1% |
| 2009 | 83.9% | -17.2% |
| 2010 | 78.8% | -6.0% |
| 2011 | 96.2% | +22.0% |
| 2012 | 81.2% | -15.5% |
| 2013 | 109.9% | +35.3% |
| 2014 | 87.5% | -20.4% |
| 2015 | 74.4% | -14.9% |
| 2016 | 66.4% | -10.8% |
| 2017 | 65.6% | -1.2% |
| 2018 | 76.4% | +16.5% |
| 2019 | 57.6% | -24.6% |
| 2020 | 49.8% | -13.6% |
| 2021 | 59.4% | +19.3% |
| 2022 | 68.8% | +15.9% |
| 2023 | 68.0% | -1.2% |
| 2024 | 60.7% | -10.7% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 60.7% is above the median for high income countries, which is 56.9%, 1.1× the median. (73 countries reporting)
- Trinidad and Tobago's 60.7% is above the median for Latin America & Caribbean, which is 43.3%, 1.4× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 92.4% | 80.2% | 112.4% | 10 |
| 2010s | 79.4% | 57.6% | 109.9% | 10 |
| 2020s | 61.3% | 49.8% | 68.8% | 5 |
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)
- 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 merchandise trade as a proportion of gdp in Trinidad and Tobago?
- Merchandise trade as a proportion of gdp in Trinidad and Tobago was 60.7% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Trinidad and Tobago?
- The highest recorded value was 112.4% in 2006.
- What is the lowest merchandise trade as a proportion of gdp recorded in Trinidad and Tobago?
- The lowest recorded value was 49.8% in 2020.
- How does Trinidad and Tobago rank for merchandise trade as a proportion of gdp?
- Trinidad and Tobago ranks 91st out of 218 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 30.6%. The long-run trend across the full record is falling.
- Where does this Trinidad and Tobago data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).