Labor force | 681,000 (2023 est.) |
---|---|
Industrial production growth rate | 3.18% (2022 est.) |
Industries | petroleum and petroleum products, liquefied natural gas, methanol, ammonia, urea, steel products, beverages, food processing, cement, cotton textiles |
Population below poverty line | 20% (2014 est.) |
Taxes and other revenues | 16.55% (of GDP) (2019 est.) |
Fiscal year | |
Exchange rates | |
Currency | Trinidad and Tobago dollars (TTD) per US dollar - |
Exchange rates 2023 | 6.75 (2023 est.) |
Exchange rates 2022 | 6.754 (2022 est.) |
Exchange rates 2021 | 6.759 (2021 est.) |
Exchange rates 2020 | 6.751 (2020 est.) |
Exchange rates 2019 | 6.754 (2019 est.) |
Reserves of foreign exchange and gold | |
Reserves of foreign exchange and gold 2023 | $6.256 billion (2023 est.) |
Reserves of foreign exchange and gold 2022 | $6.832 billion (2022 est.) |
Reserves of foreign exchange and gold 2021 | $6.88 billion (2021 est.) |
Current account balance | |
Current account balance 2022 | $5.382 billion (2022 est.) |
Current account balance 2021 | $2.695 billion (2021 est.) |
Current account balance 2020 | -$1.356 billion (2020 est.) |
Public debt | |
Public debt 2017 | 41.8% of GDP (2017 est.) |
Budget | |
Revenues | $5.698 billion (2019 est.) |
Expenditures | $7.822 billion (2019 est.) |
Budget surplus (+) or deficit (-) | |
Remittances | |
Remittances 2023 | 0.63% of GDP (2023 est.) |
Remittances 2022 | 0.68% of GDP (2022 est.) |
Remittances 2021 | 0.96% of GDP (2021 est.) |
Imports | |
Imports 2022 | $10.694 billion (2022 est.) |
Imports 2021 | $8.636 billion (2021 est.) |
Imports 2020 | $6.785 billion (2020 est.) |
Imports (partners) | US 40%, China 9%, Italy 7%, Brazil 4%, Canada 3% (2022) |
Comodities Imports force | refined petroleum, iron ore, cars, plastic products, excavation machinery (2022) |
Exports | |
Imports 2022 | $10.694 billion (2022 est.) |
Imports 2021 | $8.636 billion (2021 est.) |
Imports 2020 | $6.785 billion (2020 est.) |
Exports (partners) | US 35%, Belgium 6%, Morocco 5%, Spain 4%, Brazil 4% (2022) |
Comodities Exports force | ammonia, natural gas, crude petroleum, acyclic alcohols, fertilizers (2022) |
Real GDP (purchasing power parity) | |
Real GDP (purchasing power parity) 2023 | $43.681 billion (2023 est.) |
Real GDP (purchasing power parity) 2022 | $42.781 billion (2022 est.) |
Real GDP (purchasing power parity) 2021 | $42.157 billion (2021 est.) |
GDP (official exchange rate) | $28.14 billion (2023 est.) |
Real GDP Per capita | |
Real GDP per capita 2023 | $28,500 (2023 est.) |
Real GDP per capita 2022 | $27,900 (2022 est.) |
Real GDP per capita 2021 | $27,600 (2021 est.) |
GDP - composition, by sector of origin | |
Agriculture | 1.1% (2022 est.) |
Industry | 48.9% (2022 est.) |
Services | 47.8% (2022 est.) |
GDP - composition, by end use | |
Household consumption | 78.9% (2017 est.) |
Government consumption | 16.4% (2017 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.) |
Unemployment rate | |
Unemployment rate 2023 | 4.21% (2023 est.) |
Unemployment rate 2022 | 4.38% (2022 est.) |
Unemployment rate 2021 | 4.45% (2021 est.) |
Youth unemployment rate (ages 15-24) | |
Total | 10.1% (2023 est.) |
Male | 9.4% (2023 est.) |
Female | 11.1% (2023 est.) |
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