Trinidad and Tobago

Trinidad and Tobago dropped 6 places to 123rd, now behind Guyana and just ahead of Mongolia, as real output shrank 0.8% and US$ GDP edged up only +1.2% to US$25.9 billion. The economy remains below its 2014 peak of US$29.5 billion. As of 2024, industry made up 34.6% of output, including manufacturing at 14.4%, while services accounted for 59.2% and agriculture just 0.8%. Inflation was low at 1.0% and unemployment at 3.3%, but government gross debt stood at 84.0% of GDP.

With 1.4 million people, it ranks well above its size on income: GDP per capita of US$18,967 places it 66th of 196, and 65th on a PPP basis at $37,121 international dollars. Its economy is about the size of the Fayetteville, NC metro area. Since 2000, when it ranked 100th, US$ GDP has grown 3.2 times. The IMF projects a +18% rise to US$30.7 billion by 2030, which would place it 125th.