Trinidad and Tobago: Gross fixed capital formation (% of GDP)

Key figures

What the numbers say

In 2023, Trinidad and Tobago's gross fixed capital formation (% of GDP) rose 1.81 percentage points on 2022 (from 17.18% to 18.99%).

Across the 22 yearly changes before that (2001 to 2022), the average change was +0.07 percentage points and a typical year strayed about 5.44 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above 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 10.86 percentage points in 2007 and the biggest yearly fall was 8.28 percentage points in 2010. 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 there is no clear straight-line trend: a straight line explains 27% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

See how every economy compares in the full ranking.

Closest to Trinidad and Tobago in the 2023 ranking

• Greenland — 1st of 3: 34.69%
• Togo — 2nd of 3: 20.98%

What this measures

Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 24 values

Gross fixed capital formation (% of GDP) in nearby economies

• Argentina — 16% (2025)
• Bahamas, The — 25.75% (2024)
• Belize — 21.13% (2024)
• Bolivia — 16.61% (2024)
• Brazil — 16.84% (2025)
• Chile — 24.09% (2025)
• Colombia — 16.01% (2025)
• Costa Rica — 16.25% (2025)
• Cuba — 12.76% (2024)
• Curaçao — 34.05% (2018)
• Dominican Republic

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

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Questions people ask

What is Trinidad and Tobago's gross fixed capital formation (% of GDP)?

18.99% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2000?

It is up 3.42 percentage points from 15.56% in 2000. The highest value was 31.43% in 2009 and the lowest 10.94% in 2005.

Is the latest change in gross fixed capital formation (% of GDP) unusual for Trinidad and Tobago?

In 2023, Trinidad and Tobago's gross fixed capital formation (% of GDP) rose 1.81 percentage points on 2022 (from 17.18% to 18.99%). Across the 22 yearly changes before that (2001 to 2022), the average change was +0.07 percentage points and a typical year strayed about 5.44 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above 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.FTOT.ZS, 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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