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TT

Trinidad and Tobago

TT · TTO · #164 · 5 cities

Nomad score 52/100 Compare

Key indicators

GDP per capita (PPP) (2031)
$44,934
GDP (2031)
$32.3B
GDP growth (2031)
1.8% ↓
Inflation (2031)
2.0% →
Unemployment (2031)
4.1% →
Population (2031)
1.5M
Population growth (2031)
0.5% →
Government debt (2031)
82.1% of GDP
Current account (2031)
4.3% of GDP
FDI inflows (2025)
-$794.4M
Life expectancy (2024)
73.6 yrs
Health spending (2023)
7.5% of GDP
Internet users (2024)
82.2%
Mobile subscriptions (2024)
118.8/100
Exchange rate (2025)
6.75/USD
Foreign reserves (2024)
$5.6B
Source: World Bank + IMF World Economic Outlook. Most recent data: 2031.

GDP overview

Nominal GDP and real growth. Dashed = IMF forecast.

GDP per capita (PPP)

Purchasing power parity adjusted, in international dollars

Inflation (CPI)

Unemployment

ILO modeled estimate

Population

Fiscal and trade

Government debt (2031)
82.1% of GDP
Current account (2031)
4.3% of GDP
FDI inflows (2025)
-$794.4M

Income inequality (Gini)

Gini index (1992)
0.40
Assessment
Moderate inequality
Source: World Bank PIP via OWID. 0 = perfect equality, 1 = maximum inequality.

Business environment

New business density (2020)
4.49/1k
Tax revenue (2019)
16.8% of GDP
Services sector (2024)
59.2% of GDP

Financial access and costs

ATMs per 100k (2024)
44.3
Bank branches per 100k (2024)
10.5
ICT service exports (2025)
3.3%
Goods and services tax (2019)
5.3%

Historical data

Historical economic data
Year GDP GDP/cap PPP Growth Inflation Unemp. Population Gini Debt Curr. acct FDI Life exp. Health Internet FX rate
2031 * $32.3B $44,934 1.8% 2.0% 4.1% 1.5M - 82.1% 4.3% - - - - -
2030 * $31.3B $43,861 2.1% 2.0% 4.1% 1.5M - 81.2% 4.3% - - - - -
2029 * $30.4B $42,689 2.8% 2.1% 4.1% 1.5M - 80.7% 4.3% - - - - -
2028 * $29.4B $41,476 3.5% 2.2% 4.1% 1.5M - 80.7% 5.5% - - - - -
2027 * $28.1B $39,933 3.0% 2.8% 4.2% 1.4M - 82.8% 4.8% - - - - -
2026 * $26.8B $38,229 0.8% 1.8% 4.2% 1.4M - 84.1% 3.8% - - - - -
2025 $25.9B $37,121 0.8% 1.0% 4.0% 1.4M - 84.2% 3.1% -$794.4M - - - 6.75
2024 $25.6B $36,381 2.5% 0.5% 5.5% 1.4M - 81.8% 2.5% -$453.2M 73.6 - 82.2% 6.75
2023 $25.0B $34,652 1.5% 4.6% 4.1% 1.4M - 78.2% 11.5% -$1.5B 73.5 7.5% 82.0% 6.75
2022 $28.3B $32,974 0.9% 5.8% 4.7% 1.4M - 69.9% 10.2% $1.2B 73.3 6.6% 81.7% 6.75
2021 $24.2B $30,482 -0.7% 2.1% 4.9% 1.4M - 80.2% 10.9% -$934.8M 71.1 7.2% 84.4% 6.76
2020 $20.9B $26,731 -8.8% 0.6% 7.2% 1.4M - 81.6% -6.5% $1.1B 72.7 7.5% 77.3% 6.75
2019 $23.5B $29,316 0.5% 1.0% 4.5% 1.4M - 62.9% 4.3% $184.0M 72.8 6.9% 75.0% 6.75
2018 $23.9B $28,673 -0.9% 1.0% 3.5% 1.4M - 58.1% 6.8% -$700.2M 72.7 6.7% 72.8% 6.77
2017 $23.8B $28,484 -4.9% 1.9% 4.4% 1.4M - 57.2% 5.9% -$470.9M 73.0 6.6% 70.6% 6.78
2016 $23.6B $28,232 -7.5% 3.1% 3.6% 1.4M - 53.3% -3.3% -$23.6M 72.9 6.5% 67.8% 6.67
2015 $26.8B $29,825 -0.4% 4.7% 3.5% 1.4M - 43.2% 7.7% $176.8M 72.9 5.7% 65.1% 6.38
2014 $29.5B $32,027 3.7% 5.7% 3.3% 1.4M - 37.1% 14.1% $661.4M 72.9 4.9% 62.4% 6.41
2013 $28.6B $31,746 3.4% 5.2% 3.8% 1.4M - 32.9% 19.5% -$1.1B 72.8 4.8% 59.9% 6.44
2012 $27.1B $31,883 4.6% 9.3% 4.9% 1.3M - 32.9% 14.2% -$1.9B 72.5 4.6% 57.5% 6.43
2011 $25.8B $31,078 -0.2% 5.1% 5.0% 1.3M - 39.2% 18.3% $41.0M 72.2 4.7% 55.2% 6.41
2010 $22.5B $30,778 3.5% 10.5% 5.9% 1.3M - 28.9% 18.5% $549.4M 71.8 5.1% 48.5% 6.38
2009 $19.5B $29,602 -4.8% 7.0% 5.3% 1.3M - 34.2% 8.4% $709.1M 71.4 5.5% 44.3% 6.32
2008 $28.2B $30,807 3.3% 12.0% 4.6% 1.3M - 24.6% 30.1% $2.8B 71.1 3.7% 34.8% 6.29
2007 $21.9B $29,355 4.3% 7.9% 5.6% 1.3M - 29.4% 23.6% $830.0M 70.8 4.2% 32.3% 6.33
2006 $18.6B $27,393 14.2% 8.3% 6.2% 1.3M - 32.7% 38.3% $882.7M 70.4 4.2% 30.0% 6.31
2005 $16.2B $23,536 5.9% 6.9% 8.0% 1.3M - 36.6% 24.0% $939.7M 70.2 4.4% 29.0% 6.30
Source: World Bank + IMF World Economic Outlook. * = IMF forecast.

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