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%.
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.
Trinidad and Tobago GDP from 1980 to 2024
The total market value of goods and services produced annually in Trinidad and Tobago.
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)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
