Trinidad and Tobago's gross capital formation (current LCU) was 32.09 billion in 2023, the latest year in the World Bank's World Development Indicators. That is down 16.03% from 38.21 billion in 2013 (1.73% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 32.09 billion | 2023 |
| Five years earlier | 37.06 billion | 2018 |
| Ten years earlier | 38.21 billion | 2013 |
| Highest | 43.67 billion | 2015 |
| Lowest | 8.62 billion | 2000 |
| Average since 2014 | 34.29 billion | 2014–2023 |
| First recorded | 8.62 billion |
What the numbers say
In 2023, Trinidad and Tobago's gross capital formation (current LCU) fell 2.4% on 2022 (from 32.88 billion to 32.09 billion).
Across the 22 yearly changes before that (2001 to 2022), the average change was +9.9% and a typical year strayed about 30.9% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 81.6% in 2006 and the biggest yearly fall was 29.5% in 2016. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 the straight-line trend is downward, about 775.79 million a year. A straight line explains 32% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
Closest to Trinidad and Tobago in the 2023 ranking
- Togo — 1st of 4: 1.32 trillion
- United Arab Emirates — 2nd of 4: 511.28 billion
- Greenland — 4th of 4: 8.25 billion
What this measures
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 24 values
| Year | Gross capital formation (current LCU) |
|---|---|
| 2023 | 32,087,051,300 |
| 2022 | 32,884,514,500 |
| 2021 | 33,194,388,100 |
| 2020 | 28,930,197,800 |
| 2019 | 33,259,031,300 |
| 2018 | 37,061,587,000 |
| 2017 | 33,781,003,200 |
| 2016 | 30,808,132,100 |
| 2015 | 43,669,019,400 |
| 2014 | 37,208,243,400 |
Gross capital formation (current LCU) in nearby economies
- Argentina — 136.58 trillion (2025)
- Aruba — 1.92 billion (2024)
- Bahamas, The — 4.24 billion (2024)
- Belize — 1.27 billion (2024)
- Bolivia — 68.06 billion (2024)
- Brazil — 2.18 trillion (2025)
- Chile — 81.79 trillion (2025)
- Colombia — 309.96 trillion (2025)
- Costa Rica — 8.18 trillion (2025)
- Cuba — 262.66 billion (2024)
- Curaçao
More economic policy & debt data for Trinidad and Tobago
- Total reserves, including gold (current US$) — US$5.37 billion (2025)
- Total reserves, excluding gold (current US$) — US$5.1 billion (2025)
- GDP (current US$) — US$25.94 billion (2025)
- GDP (current LCU) — 175.08 billion (2025)
- GDP (constant 2015 US$) — US$22.15 billion (2025)
- GDP (constant LCU) — 153.7 billion (2025)
- GDP per capita (current US$) — US$18,967 (2025)
- GDP per capita (current LCU) — 128,006 (2025)
- GDP per capita (constant 2015 US$) — US$16,191 (2025)
- GDP per capita (constant LCU)
Reading data like this
Questions people ask
- What is Trinidad and Tobago's gross capital formation (current LCU)?
- 32.09 billion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is up 272.12% from 8.62 billion in 2000 (5.88% a year on average, compounded). The highest value was 43.67 billion in 2015 and the lowest 8.62 billion in 2000.
- Is the latest change in gross capital formation (current LCU) unusual for Trinidad and Tobago?
- In 2023, Trinidad and Tobago's gross capital formation (current LCU) fell 2.4% on 2022 (from 32.88 billion to 32.09 billion). Across the 22 yearly changes before that (2001 to 2022), the average change was +9.9% and a typical year strayed about 30.9% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.GDI.TOTL.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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