Trinidad and Tobago GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Trinidad and Tobago's GDP changed from approximately $6B 343M in 1980 to $28B 365M in 2024, showing an overall 347.2% sharply increased during the period.
The lowest GDP was recorded in 1989 at $4B 397M, and the highest in 2022 at $30B 53M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 3.5%.
For comparison, the average annual growth rate of Jamaica was 4.8%, and that of Barbados was 4.4%.

Trinidad and Tobago GDP from 1980 to 2024

The total market value of goods and services produced annually in Trinidad and Tobago.

Change Chart

    Overview of Trinidad and Tobago's GDP (1980–2024)

    The Gross Domestic Product (GDP) of Trinidad and Tobago recorded a 347.2% sharply increased from 1980 to 2024.
    The average GDP during this period was $14B 767M, and the median was $9B 148M.
    GDP fluctuated within a range of $25B 656M, with a standard deviation of $9B 463M.
    The average annual change was $639M 457K.


    Highest and Lowest GDP Records

    • Lowest GDP: 1989, $4B 397M
    • Highest GDP: 2022, $30B 53M
    • Most Recent GDP: 2024, $28B 365M

    Notable Annual GDP Changes

    • 2008: Significant increase in GDP
    • 2009: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Trinidad and Tobago's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $23B 776M → $20B 808M
    • Outcome: sharply declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $21B 937M → $19B 520M
    • Outcome: sharply declined

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $8B 295M → $8B 960M
    • Outcome: increased

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $5B 837M → $6B 148M
    • Outcome: increased

    Key Economic Indicators of Trinidad and Tobago (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 6B 343M
    $ 5,847.71
    $ 6,975.03
    $ 7B 566M
    10.4 %
    5.627 %
    35.71 %
    0 %
    1M 85K people
    1981
    $ 7B 113M
    $ 6,454.42
    $ 7,859.50
    $ 8B 661M
    4.577 %
    5.829 %
    23.76 %
    0 %
    1M 102K people
    1982
    $ 8B 279M
    $ 7,393.15
    $ 8,522.74
    $ 9B 546M
    3.799 %
    -7.239 %
    16.92 %
    0 %
    1M 120K people
    1983
    $ 7B 898M
    $ 6,939.44
    $ 7,818.22
    $ 8B 898M
    -10.3 %
    -11.986 %
    15.50 %
    0 %
    1M 138K people
    1984
    $ 7B 891M
    $ 6,831.22
    $ 7,522.11
    $ 8B 689M
    -5.751 %
    -5.914 %
    17.68 %
    0 %
    1M 155K people
    1985
    $ 7B 503M
    $ 6,411.21
    $ 7,343.59
    $ 8B 594M
    -4.119 %
    -0.638 %
    14.28 %
    0 %
    1M 170K people
    1986
    $ 4B 877M
    $ 4,121.17
    $ 7,165.66
    $ 8B 480M
    -3.279 %
    -8.447 %
    8.65 %
    0 %
    1M 183K people
    1987
    $ 4B 880M
    $ 4,085.59
    $ 6,942.83
    $ 8B 292M
    -4.562 %
    -4.61 %
    16.06 %
    0 %
    1M 195K people
    1988
    $ 4B 574M
    $ 3,798.75
    $ 6,850.78
    $ 8B 249M
    -3.92 %
    -1.936 %
    14.76 %
    -3.936 %
    1M 204K people
    1989
    $ 4B 397M
    $ 3,625.72
    $ 7,009.65
    $ 8B 502M
    -0.83 %
    -0.876 %
    19.11 %
    0.179 %
    1M 213K people
    1990
    $ 5B 155M
    $ 4,221.81
    $ 7,331.77
    $ 8B 953M
    1.509 %
    8.903 %
    20.91 %
    3.12 %
    1M 221K people
    1991
    $ 5B 399M
    $ 4,392.87
    $ 7,764.89
    $ 9B 544M
    3.112 %
    -0.086 %
    19.54 %
    3.778 %
    1M 229K people
    1992
    $ 5B 533M
    $ 4,474.14
    $ 8,689.85
    $ 10B 747M
    10.093 %
    2.51 %
    21.59 %
    2.176 %
    1M 237K people
    1993
    $ 4B 656M
    $ 3,743.58
    $ 8,787.11
    $ 10B 928M
    -0.669 %
    2.429 %
    22.91 %
    5.736 %
    1M 244K people
    1994
    $ 5B 32M
    $ 4,027.42
    $ 9,250.85
    $ 11B 559M
    3.567 %
    4.328 %
    22.39 %
    5.036 %
    1M 250K people
    1995
    $ 5B 421M
    $ 4,322.26
    $ 9,768.10
    $ 12B 251M
    3.81 %
    5.42 %
    23.01 %
    4.738 %
    1M 254K people
    1996
    $ 5B 859M
    $ 4,658.87
    $ 10,628.24
    $ 13B 366M
    7.134 %
    1.795 %
    21.32 %
    3.915 %
    1M 258K people
    1997
    $ 5B 837M
    $ 4,632.81
    $ 11,603.70
    $ 14B 619M
    7.523 %
    -10.513 %
    24.22 %
    4.279 %
    1M 260K people
    1998
    $ 6B 148M
    $ 4,872.62
    $ 12,668.76
    $ 15B 984M
    8.125 %
    -10.468 %
    25.42 %
    2.696 %
    1M 262K people
    1999
    $ 6B 926M
    $ 5,479.93
    $ 13,854.59
    $ 17B 511M
    8.025 %
    0.442 %
    26.46 %
    2.704 %
    1M 264K people