Trinidad and Tobago GDP Annual Growth Rate  1991-2017 | Data | Chart

The Gross Domestic Product (GDP) in Trinidad and Tobago contracted 10.80 percent in the third quarter of 2016 over the same quarter of the previous year. GDP Annual Growth Rate in Trinidad and Tobago averaged 3.27 percent from 1991 until 2016, reaching an all time high of 20.60 percent in the second quarter of 2003 and a record low of -10.80 percent in the third quarter of 2016.

Trinidad and Tobago GDP Annual Growth Rate
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Trinidad and Tobago GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -10.80 -8.20 20.60 -10.80 percent [+]
GDP 23.56 26.18 27.87 0.54 USD Billion [+]
GDP per capita 16696.03 16862.67 17052.26 5039.08 USD [+]
GDP per capita PPP 31283.55 31595.79 31951.02 11976.30 USD [+]
GDP Growth Rate -3.30 -3.20 7.30 -4.60 percent [+]


Trinidad and Tobago GDP Annual Growth Rate Notes

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. Trinidad and Tobago GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-10.80 -8.20 20.60 -10.80 1991 - 2016 percent Quarterly



gdp annual growth rate by Country

Last
India 7.00 Dec/16
China 6.90 Mar/17
Indonesia 5.01 Mar/17
Turkey 3.50 Dec/16
Netherlands 3.40 Mar/17
Spain 3.00 Mar/17
Mexico 2.80 Mar/17
South Korea 2.70 Mar/17
Australia 2.40 Dec/16
United Kingdom 2.10 Mar/17
United States 2.00 Dec/16
Canada 1.90 Dec/16
Euro Area 1.70 Mar/17
Germany 1.70 Mar/17
Japan 1.60 Mar/17
France 0.80 Mar/17
Italy 0.80 Mar/17
Switzerland 0.60 Dec/16
Russia 0.50 Mar/17
Brazil -2.50 Dec/16