About Trinidad and Tobago's economy

Trinidad and Tobago boasts a robust economy, consistently ranking among the wealthiest nations in the Caribbean and the Americas. The country's economic prosperity stems largely from its rich natural resources, particularly oil and gas, which account for a significant portion of its GDP and exports. In 2021, Trinidad and Tobago's GDP stood at approximately US$2,446.02 crores, with a per capita GDP of US$16,032.50. The nation actively participates in global trade, with exports reaching US$9,242.78 crores in 2021. Government procurement plays a crucial role in the economy, with public spending estimated at US$1,103.42 crores in 2021. Trinidad and Tobago's economic outlook remains positive, with projected GDP growth of 2.5% in 2023.

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