Gross capital formation (% of GDP) — all countries

Gross capital formation (% of GDP) — Trinidad and Tobago

Gross capital formation (% of GDP) in Trinidad and Tobago in 2023 — 19%. Ranked 134 in the world out of 174. Since 2000, the indicator has risen by 2.2 pp.

2023 19% +1.8 pp vs 2022
World rank 134of 174
Period maximum 31.4%2009
Period minimum 11.4%2005

Trend over time

2000–2023 · % of GDP

Gross capital formation (% of GDP) — Trinidad and Tobago, 2000–2023102030402000200320062009201220152018202120232000: 16.8%2001: 26.7%2002: 22.6%2003: 25.2%2004: 16.6%2005: 11.4%2006: 17.9%2007: 26.5%2008: 23%2009: 31.4%2010: 23.1%2011: 21.9%2012: 20.8%2013: 20.8%2014: 19.7%2015: 25.5%2016: 19.6%2017: 20.9%2018: 22.9%2019: 21%2020: 20.5%2021: 20.3%2022: 17.2%2023: 19%
Change over the period: +2.2 pp Annual average: 0.1 pp

Comparison, 2023

How the value compares with the world and the groups this territory belongs to: Trinidad and Tobago

Trinidad and Tobago 19%
World 26.7%
High-income countries computed 23%
Gross capital formation (% of GDP) — Trinidad and Tobago, by year Trinidad and Tobago All countries CSV XLSX
Year % Change, pp
2023 19 +1.8 pp
2022 17.2 −3.1 pp
2021 20.3 −0.2 pp
2020 20.5 −0.5 pp
2019 21 −1.9 pp
2018 22.9 +2 pp
2017 20.9 +1.4 pp
2016 19.6 −6 pp
2015 25.5 +5.8 pp
2014 19.7 −1.1 pp
2013 20.8 −0 pp
2012 20.8 −1.1 pp
2011 21.9 −1.2 pp
2010 23.1 −8.3 pp
2009 31.4 +8.4 pp
2008 23 −3.5 pp
2007 26.5 +8.6 pp
2006 17.9 +6.6 pp
2005 11.4 −5.3 pp
2004 16.6 −8.6 pp
2003 25.2 +2.6 pp
2002 22.6 −4.1 pp
2001 26.7 +9.9 pp
2000 16.8

Caribbean, 2023

The same indicator for neighboring countries — with links to their pages

About the indicator

Gross capital formation as a percent of GDP: outlays on fixed assets (buildings, structures, machinery, transport equipment, infrastructure), changes in inventories of material working assets and net acquisition of valuables. A steadily high rate of capital formation is a necessary condition for fast growth: during the economic surges of East Asia the indicator exceeded 35–40% of GDP.

Source: World Development Indicators (World Bank), license CC BY 4.0.