Trinidad and Tobago 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$27.37 billion
↓ 8.92% vs 2022GDP per Capita
$20,016.15
↓ 9.03% vs 2022GDP Growth (Annual %)
1.35%
↓ 0.13pp vs 2022Inflation Rate (CPI %)
4.63%
↓ 1.20pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $30.05 billion | $27.37 billion | -8.92% |
| GDP per Capita | $22,004.20 | $20,016.15 | -9.03% |
| GDP Growth (Annual %) | 1.48% | 1.35% | -0.13pp |
| Inflation (CPI %) | 5.83% | 4.63% | -1.20pp |
| Unemployment Rate (%) | 4.38% | 4.21% | -0.17pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $27.37 billion
- GDP per Capita
- $20,016.15
- GDP Growth (Annual %)
- 1.35%
- Gross National Income
- $27.88 billion
Prices & Employment
- Inflation (CPI %)
- 4.63%
- Inflation (GDP Deflator %)
- -10.18%
- Unemployment Rate (%)
- 4.21%
- Interest Rate (Real %)
- 19.71%
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)
- 12.41%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Trinidad and Tobago's Gross Domestic Product (GDP) is $27.37 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Trinidad and Tobago for 2023 is $20,016.15. 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 2023 is 4.63%. This measures the annual percentage change in the cost of consumer goods and services.
Trinidad and Tobago's annual GDP growth rate for 2023 is 1.35%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Trinidad and Tobago for 2023 is 4.21%. This represents the percentage of the labor force that is unemployed and actively seeking employment.