Final consumption expenditure reached 19,672 USD bil in 2016 in Trinidad and Tobago, according to the National Statistical Office. This is 3.36 % less than in the previous year.
Historically, final consumption expenditure in Trinidad and Tobago reached an all time high of 22,373 USD bil in 2012 and an all time low of 0.375 USD bil in 1960. When compared to Trinidad and Tobago's main peers, final consumption expenditure in Guyana amounted to 2,771 USD bil, 70,135 USD bil in Puerto Rico and 1,557 USD bil in Suriname in 2016.
Trinidad and Tobago has been ranked 105th within the group of 169 countries we follow in terms of final consumption expenditure, 63 places above the position seen 10 years ago.
Final consumption expenditure consists of expenditure incurred by resident institutional units on goods or services that are used for the direct satisfaction of the individual needs or wants or the collective needs of members of the community.