Trinidad and Tobago 2024
Detailed economic analysis and indicators for 2024
Key Economic Indicators (2024)
GDP (Current USD)
$27.03 billion
↓ 1.26% vs 2023GDP per Capita
$19,763.42
↓ 1.26% vs 2023GDP Growth (Annual %)
-1.26%
↓ 2.61pp vs 2023Inflation Rate (CPI %)
0.53%
↓ 4.10pp vs 2023Year-over-Year Comparison
| Indicator | 2023 | 2024 | Change |
|---|---|---|---|
| GDP (Current USD) | $27.37 billion | $27.03 billion | -1.26% |
| GDP per Capita | $20,016.15 | $19,763.42 | -1.26% |
| GDP Growth (Annual %) | 1.35% | -1.26% | -2.61pp |
| Inflation (CPI %) | 4.63% | 0.53% | -4.10pp |
| Unemployment Rate (%) | 4.21% | 4.55% | +0.34pp |
All Economic Indicators (2024)
National Accounts
- GDP (Current USD)
- $27.03 billion
- GDP per Capita
- $19,763.42
- GDP Growth (Annual %)
- -1.26%
- Gross National Income
- N/A
Prices & Employment
- Inflation (CPI %)
- 0.53%
- Inflation (GDP Deflator %)
- N/A
- Unemployment Rate (%)
- 4.55%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2024, Trinidad and Tobago's Gross Domestic Product (GDP) is $27.03 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Trinidad and Tobago for 2024 is $19,763.42. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Trinidad and Tobago for 2024 is 0.53%. This measures the annual percentage change in the cost of consumer goods and services.
Trinidad and Tobago's annual GDP growth rate for 2024 is -1.26%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Trinidad and Tobago for 2024 is 4.55%. This represents the percentage of the labor force that is unemployed and actively seeking employment.