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Trinidad and Tobago
Trinidad and Tobago
HistorySaid - pattern
Trinidad and Tobago matched the Export Boom Cycle pattern in 2014. 19 pattern matches detected historically. View →
Economy & Growth
GDP $26.0B
GDP per Capita $18,121
GDP Growth 1.02%
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Agriculture Value Added | 0.84% | 0.78% | 0.68% | 0.68% Trend | 0.61% Trend | 0.55% Trend | - | - | - |
| GDP | $25.0B | $25.6B | $26.0B | $26.0B IMF WEO Oct 2025 | $26.8B IMF WEO Oct 2025 | $27.8B IMF WEO Oct 2025 | $29.0B IMF WEO Oct 2025 | $30.0B IMF WEO Oct 2025 | $30.9B IMF WEO Oct 2025 |
| GDP Deflator | -12.99% | -0.13% | -4.10% | -4.10% Trend | -6.62% Trend | -9.13% Trend | - | - | - |
| GDP Growth | 1.47% | 2.51% | 1.02% | 1.02% IMF WEO Oct 2025 | 1.20% IMF WEO Oct 2025 | 2.53% IMF WEO Oct 2025 | 3.15% IMF WEO Oct 2025 | 2.87% IMF WEO Oct 2025 | 1.81% IMF WEO Oct 2025 |
| GDP PPP | $47.3B | $49.7B | $51.5B | $51.5B IMF WEO Oct 2025 | $53.1B IMF WEO Oct 2025 | $55.3B IMF WEO Oct 2025 | $58.0B IMF WEO Oct 2025 | $60.7B IMF WEO Oct 2025 | $63.0B IMF WEO Oct 2025 |
| GDP per Capita | $18,308 | $18,733 | $18,121 | $18,121 IMF WEO Oct 2025 | $18,562 IMF WEO Oct 2025 | $19,207 IMF WEO Oct 2025 | $19,921 IMF WEO Oct 2025 | $20,562 IMF WEO Oct 2025 | $21,022 IMF WEO Oct 2025 |
| GDP per Capita PPP | $34,623 | $36,329 | $35,900 | $35,900 IMF WEO Oct 2025 | $36,814 IMF WEO Oct 2025 | $38,204 IMF WEO Oct 2025 | $39,865 IMF WEO Oct 2025 | $41,539 IMF WEO Oct 2025 | $42,884 IMF WEO Oct 2025 |
| GNI | $25.5B | $25.8B | $28.4B | $28.4B Trend | $29.8B Trend | $31.2B Trend | - | - | - |
| GNI per Capita | $19,920 | $19,740 | $21,597 | $21,597 Trend | $22,898 Trend | $24,199 Trend | - | - | - |
| Gross Savings | 26.50% | 24.49% | 20.70% | 20.70% IMF WEO Oct 2025 | 21.30% IMF WEO Oct 2025 | 21.56% IMF WEO Oct 2025 | 22.34% IMF WEO Oct 2025 | 22.47% IMF WEO Oct 2025 | 22.56% IMF WEO Oct 2025 |
| Industry Value Added | 34.51% | 34.64% | 37.74% | 37.74% Trend | 37.98% Trend | 38.23% Trend | - | - | - |
| Services Value Added | 60.33% | 59.18% | 57.16% | 57.16% Trend | 57.00% Trend | 56.84% Trend | - | - | - |
Italic values are IMF World Economic Outlook projections.
Prices & Inflation
Inflation Rate 1.46%
Consumer Price Index 171.08
PPP Conversion Factor 3.48
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Consumer Price Index | 162.76 | 163.62 | 171.08 | 171.08 Trend | 176.58 Trend | 182.07 Trend | - | - | - |
| Inflation Rate | 4.63% | 0.53% | 1.46% | 1.46% IMF WEO Oct 2025 | 2.23% IMF WEO Oct 2025 | 2.23% IMF WEO Oct 2025 | 2.09% IMF WEO Oct 2025 | 2.00% IMF WEO Oct 2025 | 2.00% IMF WEO Oct 2025 |
| PPP Conversion Factor | 3.57 | 3.48 | 3.48 | 3.48 Trend | 3.37 Trend | 3.26 Trend | - | - | - |
Italic values are IMF World Economic Outlook projections.
Population
Population 1.4M
Population Growth 0.00%
Population Density 266.8
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|
| Birth Rate | 10.7 | - | 10.0 | 10.0 Trend | 9.6 Trend | - | - |
| Death Rate | 8.4 | - | 8.8 | 8.8 Trend | 8.9 Trend | - | - |
| Dependency Ratio | 42.61 | 43.14 | 43.59 | 43.59 Trend | 44.05 Trend | 44.52 Trend | - |
| Fertility Rate | 1.53 | - | 1.51 | 1.51 Trend | 1.50 Trend | - | - |
| Life Expectancy | 73.5 | - | 73.5 | 73.5 Trend | 73.7 Trend | - | - |
| Net Migration | 2,126 | 1,334 | 691 | - | -1,079 Trend | -2,382 Trend | -3,685 Trend |
| Population | 1.4M | 1.4M | 1.4M | 1.4M Trend | 1.4M Trend | 1.4M Trend | - |
| Population Density | 266.6 | - | 266.8 | 266.8 Trend | 266.9 Trend | - | - |
| Population Growth | 0.12% | 0.06% | 0.00% | 0.00% Trend | -0.02% Trend | -0.04% Trend | - |
| Refugee Population | - | - | - | - | - | - | - |
| Urban Population | 53.95% | 53.96% | 53.97% | 53.97% Trend | 53.97% Trend | 53.98% Trend | - |
Italic values are IMF World Economic Outlook projections.
Employment
Unemployment Rate 3.33%
Youth Unemployment 8.22%
Labor Force Participation 57.75%
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Agriculture Employment | 4.62% | 4.65% | 4.49% | - | 4.25% Trend | 4.09% Trend | 3.93% Trend | - | - |
| Female Labor Participation | 50.03% | 48.15% | 47.77% | - | 47.74% Trend | 47.33% Trend | 46.93% Trend | - | - |
| Industry Employment | 24.80% | 24.22% | 24.18% | - | 24.26% Trend | 24.24% Trend | 24.21% Trend | - | - |
| Labor Force Participation | 59.27% | 58.15% | 57.75% | - | 58.24% Trend | 58.25% Trend | 58.25% Trend | - | - |
| Services Employment | 70.58% | 71.13% | 71.32% | - | 71.49% Trend | 71.68% Trend | 71.87% Trend | - | - |
| Unemployment Rate | 3.36% | 3.32% | 3.33% | 4.01% IMF WEO Oct 2025 | 4.14% IMF WEO Oct 2025 | 4.20% IMF WEO Oct 2025 | 4.14% IMF WEO Oct 2025 | 4.06% IMF WEO Oct 2025 | 4.05% IMF WEO Oct 2025 |
| Youth Unemployment | 8.04% | 7.99% | 8.22% | - | 5.86% Trend | 4.61% Trend | 3.37% Trend | - | - |
Italic values are IMF World Economic Outlook projections.
Government
Tax Revenue 16.76%
Government Spending 33.32%
Military Spending 0.96%
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Budget Deficit | -1.20% | -5.27% | -5.20% | -5.20% IMF WEO Oct 2025 | -5.93% IMF WEO Oct 2025 | -4.78% IMF WEO Oct 2025 | -2.65% IMF WEO Oct 2025 | -1.51% IMF WEO Oct 2025 | -1.03% IMF WEO Oct 2025 |
| Government Debt to GDP | 60.20% | 64.58% | 65.34% | 65.34% IMF WEO Oct 2025 | 68.54% IMF WEO Oct 2025 | 70.03% IMF WEO Oct 2025 | 69.91% IMF WEO Oct 2025 | 68.85% IMF WEO Oct 2025 | 67.91% IMF WEO Oct 2025 |
| Government Revenue | 31.23% | 27.21% | 29.88% | 29.88% IMF WEO Oct 2025 | 27.53% IMF WEO Oct 2025 | 27.85% IMF WEO Oct 2025 | 29.41% IMF WEO Oct 2025 | 30.21% IMF WEO Oct 2025 | 30.53% IMF WEO Oct 2025 |
| Government Spending | - | - | - | - | - | - | - | - | - |
| Health Spending | 7.53% | - | 7.31% | 7.31% Trend | 7.35% Trend | - | - | - | - |
| Military Spending | 0.96% | 0.92% | 0.96% | 0.96% Trend | 0.99% Trend | 1.02% Trend | - | - | - |
| Tax Revenue | - | - | - | - | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Debt
▾
| Indicator | 2017 | 2018 | 2019 |
|---|---|---|---|
| Debt Service | - | - | - |
| Domestic Credit | - | - | - |
| External Debt | - | - | - |
| External Debt to GNI | - | - | - |
| Interest Payments to Revenue | 8.07% | 10.01% | 13.15% |
| Short-term Debt | - | - | - |
Italic values are IMF World Economic Outlook projections.
Money
Lending Rate 7.89%
Deposit Rate 1.50%
Real Interest Rate 13.53%
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Credit to GDP | 45.53% | 48.38% | 46.23% | 46.23% Trend | 47.09% Trend | 47.95% Trend |
| Deposit Rate | 1.50% | 1.50% | 1.50% | 1.50% Trend | 1.50% Trend | 1.50% Trend |
| Lending Rate | 7.52% | 7.50% | 7.89% | 7.89% Trend | 8.09% Trend | 8.29% Trend |
| M2 Money Supply Growth | 1.40% | 1.46% | -0.78% | -0.78% Trend | -1.94% Trend | -3.10% Trend |
| Non-Performing Loans | 2.80% | - | 2.92% | 2.92% Trend | 2.88% Trend | - |
| Real Interest Rate | 23.57% | 7.64% | 13.53% | 13.53% Trend | 16.37% Trend | 19.21% Trend |
Italic values are IMF World Economic Outlook projections.
Currency
Exchange Rate 6.75
Real Effective Exchange Rate 128.43
Foreign Reserves $5.5B
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Exchange Rate | 6.75 | 6.75 | 6.75 | 6.75 Trend | 6.75 Trend | 6.75 Trend |
| Foreign Reserves | $6.3B | $5.6B | $5.5B | $5.5B Trend | $5.2B Trend | $4.8B Trend |
| Real Effective Exchange Rate | 129.73 | 128.43 | - | 129.77 Trend | 130.44 Trend | 131.11 Trend |
| Reserves in Months of Imports | 7.5 | 5.7 | 4.5 | 4.5 Trend | 3.6 Trend | 2.6 Trend |
Italic values are IMF World Economic Outlook projections.
Trade
Exports $14.6B
Imports $11.4B
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Current Account Balance | 11.55% | 2.52% | 4.90% | 4.90% IMF WEO Oct 2025 | 2.90% IMF WEO Oct 2025 | 4.81% IMF WEO Oct 2025 | 6.55% IMF WEO Oct 2025 | 6.98% IMF WEO Oct 2025 | 6.96% IMF WEO Oct 2025 |
| Exports | $11.5B | $11.3B | $14.6B | $14.6B Trend | $15.5B Trend | $16.5B Trend | - | - | - |
| FDI Inflows | -5.98% | -1.77% | -5.22% | -5.22% Trend | -6.79% Trend | -8.37% Trend | - | - | - |
| FDI Outflows | 2.12% | 2.05% | 3.15% | 3.15% Trend | 3.36% Trend | 3.58% Trend | - | - | - |
| Imports | $9.2B | $10.3B | $11.4B | $11.4B Trend | $12.2B Trend | $12.9B Trend | - | - | - |
| Remittances Received | $202.3M | $199.2M | $200.2M | $200.2M Trend | $198.0M Trend | $195.8M Trend | - | - | - |
| Tourism Receipts | - | - | - | - | - | - | - | - | - |
| Trade Balance | - | - | - | - | - | - | - | - | - |
| Trade Openness | - | - | - | - | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Financial Markets
Market Capitalization 44.07%
Stock Turnover Ratio 4.27%
Listed Companies 26
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Interest Rate Spread | 6.02% | 6.00% | 6.39% | 6.39% Trend | 6.59% Trend | 6.79% Trend |
| Listed Companies | - | - | - | - | - | - |
| Market Capitalization | - | - | - | - | - | - |
| Stock Turnover Ratio | - | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Political Stability
Political Stability 0.59
Government Effectiveness -0.12
Regulatory Quality -0.04
▾
| Indicator | 2022 | 2023 | 2025 | 2025 | 2026 |
|---|---|---|---|---|---|
| Control of Corruption | -0.38 | -0.37 | -0.48 | -0.48 Trend | -0.52 Trend |
| Government Effectiveness | -0.03 | -0.04 | -0.12 | -0.12 Trend | -0.16 Trend |
| Political Stability | 0.35 | 0.40 | 0.59 | 0.59 Trend | 0.68 Trend |
| Regulatory Quality | -0.07 | -0.13 | -0.04 | -0.04 Trend | -0.02 Trend |
| Rule of Law | -0.17 | -0.28 | -0.28 | -0.28 Trend | -0.30 Trend |
| Voice and Accountability | 0.65 | 0.62 | 0.66 | 0.66 Trend | 0.66 Trend |
Italic values are IMF World Economic Outlook projections.
Health
Health Expenditure per Capita $1,400
Infant Mortality Rate 16.3
Maternal Mortality Ratio 44.00
▾
| Indicator | 2022 | 2023 | 2025 | 2025 | 2026 |
|---|---|---|---|---|---|
| Health Expenditure per Capita | $1,266 | $1,276 | $1,400 | $1,400 Trend | $1,457 Trend |
| Hospital Beds | 1.96 | 2.37 | 2.31 | 2.31 Trend | 2.40 Trend |
| Infant Mortality Rate | 17.6 | 17.2 | 16.3 | 16.3 Trend | 15.8 Trend |
| Maternal Mortality Ratio | 30.00 | 54.00 | 44.00 | 44.00 Trend | 43.70 Trend |
| Physicians | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Education
Literacy Rate 96.94%
Tertiary Enrollment 11.83%
Education Spending 2.23%
▾
| Indicator | 2022 | 2023 | 2025 | 2025 | 2026 |
|---|---|---|---|---|---|
| Education Spending | 2.67% | 3.01% | 2.23% | 2.23% Trend | 1.97% Trend |
| Literacy Rate | - | - | - | - | - |
| Primary Completion Rate | - | 91.60% | 91.65% | 91.65% Trend | 91.78% Trend |
| Primary Enrollment | - | 99.19% | 99.58% | 99.58% Trend | 99.57% Trend |
| Secondary Enrollment | - | 92.94% | 93.83% | 93.83% Trend | 94.30% Trend |
| Tertiary Enrollment | - | - | - | - | - |
| Youth Literacy Rate | 92.00% | - | 91.70% | 91.70% Trend | - |
Italic values are IMF World Economic Outlook projections.
Energy
Renewable Energy 0.50%
▾
| Indicator | 2022 | 2023 | 2025 | 2025 | 2026 |
|---|---|---|---|---|---|
| CO2 Emissions | - | - | - | - | - |
| CO2 per Capita | - | - | - | - | - |
| Electricity Access | 100.00% | 98.70% | 98.70% | 98.70% Trend | 98.44% Trend |
| Energy Use per Capita | 11,038 | - | 9,568 | 9,568 Trend | - |
| Forest Area | 44.32% | 44.24% | 44.07% | 44.07% Trend | 43.99% Trend |
| Renewable Energy | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Technology
Internet Users 91.81%
Mobile Subscriptions 126.98
R&D Spending 0.03%
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| High-tech Exports | 0.22% | 0.22% | 0.23% | 0.23% Trend | 0.25% Trend | 0.27% Trend |
| Internet Users | 84.70% | - | 91.81% | 91.81% Trend | 94.48% Trend | - |
| Mobile Subscriptions | 134.23 | - | 126.98 | 126.98 Trend | 124.62 Trend | - |
| Patent Applications | - | - | - | - | - | - |
| R&D Spending | - | - | 0.03% | 0.03% Trend | - | - |
Italic values are IMF World Economic Outlook projections.
Inequality
Gini Index 40.2
Poverty Rate 3.20%
Income Share Top 10% 29.90%
▾
| Indicator | 1988 | 1992 |
|---|---|---|
| Gini Index | 42.6 | 40.2 |
| Income Share Bottom 10% | 1.90% | 2.10% |
| Income Share Top 10% | 31.10% | 29.90% |
| Poverty Rate | 0.60% | 3.20% |
Italic values are IMF World Economic Outlook projections.
Data & analysis
Real GDP growth (%)
| 2023 | 1.43 |
| 2024 | 1.43 |
| 2025 | 2.37 |
| 2026 | 1.09 |
| 2027 | 1.95 |
| 2028 | 3.00 |
| 2029 | 2.97 |
| 2030 | 1.84 |
CPI inflation (%)
| 2023 | 4.63 |
| 2024 | 0.48 |
| 2025 | 1.32 |
| 2026 | 2.04 |
| 2027 | 1.87 |
| 2028 | 1.83 |
| 2029 | 1.84 |
| 2030 | 1.84 |
Unemployment rate (%)
| 2023 | 3.98 |
| 2024 | 4.11 |
| 2025 | 4.06 |
| 2026 | 4.10 |
| 2027 | 4.20 |
| 2028 | 4.19 |
| 2029 | 4.10 |
| 2030 | 4.08 |
Source: IMF World Economic Outlook via DBnomics
Trinidad and Tobago’s macroeconomic trajectory from 2023 to 2030 reflects a pattern of modest stabilization after a period of subdued growth. Real GDP growth, which registered 1.43 percent in both 2023 and 2024, is projected to rise to 2.37 percent in 2025 before fluctuating between 1.09 and 3.00 percent through the decade. Inflation fell sharply from 4.63 percent in 2023 to 0.48 percent in 2024, indicating a disinflationary phase that stabilizes near 1.8 percent after 2027. Unemployment remains low and steady, hovering around 4 percent throughout the forecast. This data suggests a post-crisis recovery phase, where output expands modestly without overheating. The country’s historical top ranking for GDP Deflator in 2009 signals past inflationary volatility, contrasting with the current price stability. The forward path depends on whether energy sector investment and non-oil diversification can lift growth consistently above 2 percent.