Merchandise Trade (As % of GDP) fell to 69.2% in Trinidad and Tobago in 2017

Merchandise Trade (As % of GDP) (%)
Economy | Trinidad and Tobago | May 17, 2019
$2.99
Excel Sheet

Merchandise trade as a share of GDP reached 69.2 % in 2017 in Trinidad and Tobago, according to the National Statistical Office. This is 1.51 % less than in the previous year.

Historically, merchandise trade as a share of GDP in Trinidad and Tobago reached an all time high of 190 % in 1974 and an all time low of 49.8 % in 1985. When compared to Trinidad and Tobago's main peers, merchandise trade as a share of GDP in Guyana amounted to 84.7 % and 113 % in Suriname in 2017.

Trinidad and Tobago has been ranked 54th within the group of 168 countries we follow in terms of merchandise trade as a share of GDP, 19 places behind the position seen 10 years ago.

Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current US dollars.

Merchandise Trade (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Brazil % 18.8% 19.3% 19.9% 18.9% 20.5%
Colombia % 33.2% 32.2% 31.0% 31.2% 30.7%
Dominican Republic % 44.8% 44.2% 42.3% 41.1% 38.3%
Guyana % 113% 119% 109% 96.1% 82.7%
Haiti % 50.4% 50.5% 52.8% 53.4% 52.3%
Jamaica % 55.9% 54.3% 54.9% 52.6% 44.2%
Puerto Rico % ... ... ... ... ... ... ... ... ...
Suriname % 92.8% 94.5% 89.1% 78.2% 77.2%
Trinidad and Tobago % 96.4% 86.1% 118% 94.8% 83.1%
USA % 24.1% 24.0% 23.3% 23.0% 21.0%
Venezuela % 44.5% 39.0% 37.1% 24.4% ... ... ...