Total factor productivity in Trinidad and Tobago
Trinidad and Tobago: Total factor productivity was 1.05 in 2023. ▲ Rising
Latest (2023)
1.05
Change on year
up 1.5%
World rank
11th
of 120 countries
All-time high
1.63
in 2008
All-time low
0.8303
in 1954
Years of data
70
1954–2023
Total factor productivity in Trinidad and Tobago, 1954–2023
Source: Our World in Data.
Analysis
Trinidad and Tobago recorded 1.05 for total factor productivity in 2023.
Compared with earlier readings it is up 1.5% on the previous year and down 29.8% over ten years.
Over the whole period, total factor productivity in Trinidad and Tobago peaked at 1.63 in 2008 and was at its lowest, 0.8303, in 1954.
Trinidad and Tobago ranks 11th of 120 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 70 years of available data.
Total factor productivity in Trinidad and Tobago, year by year
| Year | Value | Change |
|---|---|---|
| 1954 | 0.8303 | — |
| 1955 | 0.9024 | +8.7% |
| 1956 | 0.9894 | +9.6% |
| 1957 | 1.06 | +7.6% |
| 1958 | 1.13 | +5.9% |
| 1959 | 1.14 | +0.8% |
| 1960 | 1.2 | +5.5% |
| 1961 | 1.33 | +10.6% |
| 1962 | 1.28 | -3.5% |
| 1963 | 1.27 | -0.8% |
| 1964 | 1.32 | +4.2% |
| 1965 | 1.25 | -5.4% |
| 1966 | 1.31 | +5.0% |
| 1967 | 1.31 | +0.2% |
| 1968 | 1.38 | +5.1% |
| 1969 | 1.39 | +0.5% |
| 1970 | 1.43 | +2.8% |
| 1971 | 1.37 | -4.0% |
| 1972 | 1.41 | +2.4% |
| 1973 | 1.39 | -0.9% |
| 1974 | 1.36 | -2.4% |
| 1975 | 1.31 | -3.4% |
| 1976 | 1.29 | -2.1% |
| 1977 | 1.3 | +0.8% |
| 1978 | 1.3 | +0.5% |
| 1979 | 1.27 | -2.8% |
| 1980 | 1.32 | +4.3% |
| 1981 | 1.32 | +0.4% |
| 1982 | 1.32 | -0.4% |
| 1983 | 1.16 | -12.3% |
| 1984 | 1.05 | -9.5% |
| 1985 | 1.01 | -3.8% |
| 1986 | 0.9914 | -1.5% |
| 1987 | 0.9708 | -2.1% |
| 1988 | 0.9411 | -3.1% |
| 1989 | 0.9422 | +0.1% |
| 1990 | 0.9512 | +1.0% |
| 1991 | 0.9366 | -1.5% |
| 1992 | 0.9239 | -1.4% |
| 1993 | 0.9104 | -1.5% |
| 1994 | 0.9213 | +1.2% |
| 1995 | 0.9253 | +0.4% |
| 1996 | 0.9561 | +3.3% |
| 1997 | 0.9763 | +2.1% |
| 1998 | 1.01 | +3.4% |
| 1999 | 1.07 | +6.4% |
| 2000 | 1.12 | +4.7% |
| 2001 | 1.14 | +1.5% |
| 2002 | 1.23 | +7.4% |
| 2003 | 1.36 | +10.5% |
| 2004 | 1.41 | +3.6% |
| 2005 | 1.41 | +0.4% |
| 2006 | 1.57 | +11.0% |
| 2007 | 1.6 | +2.2% |
| 2008 | 1.63 | +1.6% |
| 2009 | 1.53 | -6.3% |
| 2010 | 1.55 | +1.4% |
| 2011 | 1.53 | -1.2% |
| 2012 | 1.48 | -3.0% |
| 2013 | 1.5 | +1.3% |
| 2014 | 1.5 | -0.2% |
| 2015 | 1.4 | -6.5% |
| 2016 | 1.21 | -13.9% |
| 2017 | 1.12 | -7.1% |
| 2018 | 1.1 | -1.6% |
| 2019 | 1.09 | -0.7% |
| 2020 | 1 | -8.6% |
| 2021 | 1 | -0.0% |
| 2022 | 1.04 | +3.9% |
| 2023 | 1.05 | +1.5% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 1.05 is above the median for high income countries, which is 0.994, 1.1× the median. (52 countries reporting)
- Trinidad and Tobago's 1.05 is above the median for Latin America & Caribbean, which is 1, 1.1× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 1.01 | 0.8303 | 1.14 | 6 |
| 1960s | 1.3 | 1.2 | 1.39 | 10 |
| 1970s | 1.34 | 1.27 | 1.43 | 10 |
| 1980s | 1.1 | 0.9411 | 1.32 | 10 |
| 1990s | 0.9585 | 0.9104 | 1.07 | 10 |
| 2000s | 1.4 | 1.12 | 1.63 | 10 |
| 2010s | 1.35 | 1.09 | 1.55 | 10 |
| 2020s | 1.02 | 1 | 1.05 | 4 |
Countries ranked near Trinidad and Tobago
More economy & growth data for Trinidad and Tobago
- Real gdp growth, annual growth rate 71.15 % change on previous year (2024)
- 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)
Frequently asked questions
- What is total factor productivity in Trinidad and Tobago?
- Total factor productivity in Trinidad and Tobago was 1.05 in 2023, according to Our World in Data.
- What is the highest total factor productivity recorded in Trinidad and Tobago?
- The highest recorded value was 1.63 in 2008.
- What is the lowest total factor productivity recorded in Trinidad and Tobago?
- The lowest recorded value was 0.8303 in 1954.
- How does Trinidad and Tobago rank for total factor productivity?
- Trinidad and Tobago ranks 11th out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 29.8%. The long-run trend across the full record is rising.
- Where does this Trinidad and Tobago data come from?
- The figures come from Our World in Data, published as part of Total factor productivity. Statizoid updates them automatically from the source API.
Download this data
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