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Trinidad and Tobago

Republic of Trinidad and Tobago

Last updated: 2026-03-28 (today)

Budget

note

note: central government revenues (excluding grants) and expenses converted to US dollars at average official exchange rate for year indicated

revenues

$5.698 billion (2019 est.)

expenditures

$7.822 billion (2019 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2022

$17.584 billion (2022 est.)

Exports 2023

$11.545 billion (2023 est.)

Exports 2024

$11.087 billion (2024 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2022

$10.968 billion (2022 est.)

Imports 2023

$9.219 billion (2023 est.)

Imports 2024

$10.19 billion (2024 est.)

Industries

petroleum and petroleum products, liquefied natural gas, methanol, ammonia, urea, steel products, beverages, food processing, cement, cotton textiles

Labor force

649,900 (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

Public debt

Public debt 2016

37% of GDP (2016 est.)

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2022

0.7% of GDP (2022 est.)

Remittances 2023

0.8% of GDP (2023 est.)

Remittances 2024

0.8% of GDP (2024 est.)

Exchange rates

Currency

Trinidad and Tobago dollars (TTD) per US dollar -

Exchange rates 2020

6.751 (2020 est.)

Exchange rates 2021

6.759 (2021 est.)

Exchange rates 2022

6.754 (2022 est.)

Exchange rates 2023

6.75 (2023 est.)

Exchange rates 2024

6.75 (2024 est.)

Economic overview

high-income Caribbean economy; major hydrocarbon exporter; key tourism and finance sectors; high inflation and growing public debt; long foreign currency access delays; large foreign reserves and sovereign wealth fund

Unemployment rate

note

note: % of labor force seeking employment

Unemployment rate 2022

4.4% (2022 est.)

Unemployment rate 2023

4.3% (2023 est.)

Unemployment rate 2024

4.6% (2024 est.)

Exports - partners

USA 28%, China 7%, Guyana 5%, Chile 5%, Netherlands 5% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

USA 29%, Guyana 27%, China 8%, Brazil 4%, Canada 3% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2022

$30,800 (2022 est.)

Real GDP per capita 2023

$31,200 (2023 est.)

Real GDP per capita 2024

$31,700 (2024 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2022

1.1% (2022 est.)

Real GDP growth rate 2023

1.4% (2023 est.)

Real GDP growth rate 2024

1.7% (2024 est.)

Agricultural products

chicken, fruits, coconuts, citrus fruits, maize, oranges, plantains, eggs, taro, mangoes/guavas (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

natural gas, alcohols, ammonia, crude petroleum, iron reductions (2023)

note: top five export commodities based on value in dollars

Imports - commodities

railway cargo containers, refined petroleum, cars, iron ore, excavation machinery (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2022

$4.967 billion (2022 est.)

Current account balance 2023

$2.948 billion (2023 est.)

Current account balance 2024

$1.117 billion (2024 est.)

Taxes and other revenues

16.7% (of GDP) (2019 est.)

note: central government tax revenue as a % of GDP

GDP (official exchange rate)

$26.429 billion (2024 est.)

note: data in current dollars at official exchange rate

GDP - composition, by end use

household consumption

78.9% (2017 est.)

government consumption

16.4% (2017 est.)

investment in inventories

0% (2021 est.)

investment in fixed capital

19.8% (2021 est.)

exports of goods and services

45.4% (2017 est.)

imports of goods and services

-48.7% (2017 est.)

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2022

5.8% (2022 est.)

Inflation rate (consumer prices) 2023

4.6% (2023 est.)

Inflation rate (consumer prices) 2024

0.5% (2024 est.)

Industrial production growth rate

-4.7% (2023 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2022

$42.058 billion (2022 est.)

Real GDP (purchasing power parity) 2023

$42.658 billion (2023 est.)

Real GDP (purchasing power parity) 2024

$43.362 billion (2024 est.)

Youth unemployment rate (ages 15-24)

male

10.3% (2024 est.)

note

note: % of labor force ages 15-24 seeking employment

total

11.1% (2024 est.)

female

12% (2024 est.)

Reserves of foreign exchange and gold

note

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Reserves of foreign exchange and gold 2022

$6.832 billion (2022 est.)

Reserves of foreign exchange and gold 2023

$6.256 billion (2023 est.)

Reserves of foreign exchange and gold 2024

$5.601 billion (2024 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

35% (2023 est.)

services

59.9% (2023 est.)

agriculture

0.8% (2023 est.)