Trinidad and Tobago GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Trinidad and Tobago expanded 2.35 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Trinidad and Tobago averaged 1.05 Percent from 2000 until 2013, reaching an all time high of 7.27 Percent in the third quarter of 2002 and a record low of -4.56 Percent in the first quarter of 2009. GDP Annual Growth Rate in Trinidad and Tobago is reported by the Central Bank of Trinidad and Tobago.
||2000 - 2013
Trinidad and Tobago is one of the richest countries in the Caribbean. The most important sector of the economy is oil and gas production which accounts for around 40 percent of GDP, but employs only 5 percent of the labour force. Trinidad and Tobago is also a major producer of ammonia and methanol. In recent years, services like finance and tourism have been rapidly expanding as the government is trying to diversify the economy. Yet, corruption, poor infrastructure and drug related crime are the major obstacles to growth in the private sector and tourism. This page provides - Trinidad and Tobago GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.