Gross capital formation in Trinidad and Tobago
Trinidad and Tobago: Gross capital formation was 32.09 billion current LCU in 2023. ▲ Rising
Gross capital formation in Trinidad and Tobago, 2000–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for gross capital formation in Trinidad and Tobago is 32.09 billion current LCU, measured in 2023.
Compared with earlier readings it is down 2.4% on the previous year and down 16.0% over ten years.
Over the whole period, gross capital formation in Trinidad and Tobago peaked at 43.67 billion current LCU in 2015 and was at its lowest, 8.62 billion current LCU, in 2000.
That places Trinidad and Tobago 132nd out of 186 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21.49 billion current LCU | 8.62 billion current LCU | 40.39 billion current LCU | 10 |
| 2010s | 35.87 billion current LCU | 30.81 billion current LCU | 43.67 billion current LCU | 10 |
| 2020s | 31.77 billion current LCU | 28.93 billion current LCU | 33.19 billion current LCU | 4 |
Countries ranked near Trinidad and Tobago
More economy & growth data for Trinidad and Tobago
- Gross fixed capital formation 4.75 billion current US$ (2023)
- Total reserves minus gold 5.44 billion current US$ (2024)
- Inflation, consumer prices 1.0% (2025)
- Services, value added 0.4% (2024)
- Services, value added 14.02 billion constant 2015 US$ (2024)
- Gross fixed capital formation 19.0% (2023)
- Changes in inventories 0 current LCU (2008)
- Changes in inventories 0 current US$ (2008)
- Total reserves 5.60 billion includes gold, current US$ (2024)
- Gross fixed capital formation 32.09 billion current LCU (2023)
Frequently asked questions
- What is gross capital formation in Trinidad and Tobago?
- Gross capital formation in Trinidad and Tobago was 32.09 billion current LCU in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Trinidad and Tobago?
- The highest recorded value was 43.67 billion current LCU in 2015.
- What is the lowest gross capital formation recorded in Trinidad and Tobago?
- The lowest recorded value was 8.62 billion current LCU in 2000.
- How does Trinidad and Tobago rank for gross capital formation?
- Trinidad and Tobago ranks 132nd out of 186 countries with data for 2023.
- Is gross capital formation rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 16.0%. The long-run trend across the full record is rising.
- Where does this Trinidad and Tobago data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
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.