Economic Growth in Trinidad and Tobago
Trinidad and Tobago's economy recorded an average growth rate of -1.3% in the decade to 2022, below the 1.9% average for Central America and the Caribbean. In 2022, real GDP growth was 4.0%. For more GDP information, visit our dedicated page.
Trinidad and Tobago GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Trinidad and Tobago from 2023 to 2022.
Source: Macrobond.
Trinidad and Tobago GDP Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Economic Growth (Real GDP, ann. var. %) | 0.5 | -8.9 | -0.9 | 1.1 | 1.4 |
| GDP (USD bn) | 23.8 | 20.8 | 24.5 | 30.1 | 27.4 |
| GDP (TTD bn) | 161 | 140 | 166 | 203 | 185 |
| Economic Growth (Nominal GDP, ann. var. %) | -3.5 | -12.5 | 17.9 | 22.6 | -9.0 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Trinidadian GDP projections for the next ten years from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Trinidadian GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Trinidadian GDP projections.
Want to get access to the full dataset of Trinidadian GDP forecasts? Send an email to info@focus-economics.com.