Indicators of economy in Trinidad and Tobago

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.922 US Dollar per capita. In contrast, the GDP in Trinidad and Tobago reached 15.384 US dollars per inhabitant, or 21.53 bn US Dollar in the whole country. Trinidad and Tobago is one of the smaller economies and is currently ranked 111. If this is calculated per inhabitant taking into account the purchasing power parity, then Trinidad and Tobago is in the list of the world's richest countries in place 51.

Inflation in Trinidad and Tobago was in 2020 at around 0.60%. For the the EU, the average of the same was year at 0.50%.

Compared to Germany, the prices for convenience goods are approximately 33.15% lower.
The Corruption Perceptions Index for the public sector counts 40 and is compared to other countries bad.


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