Net investment in nonfinancial assets in Trinidad and Tobago
Trinidad and Tobago: Net investment in nonfinancial assets was 1.6% in 2019. ▲ Rising
Net investment in nonfinancial assets in Trinidad and Tobago, 2001–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2019, net investment in nonfinancial assets in Trinidad and Tobago stood at 1.6%.
The figure is up 1.0% on the previous year and down 74.8% over ten years.
Over the whole period, net investment in nonfinancial assets in Trinidad and Tobago peaked at 6.2% in 2009 and was at its lowest, 1.2%, in 2002.
That places Trinidad and Tobago 119th out of 156 countries with data for 2019, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Net investment in nonfinancial assets in Trinidad and Tobago, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 1.3% | — |
| 2002 | 1.2% | -10.8% |
| 2003 | 1.3% | +8.3% |
| 2004 | 1.6% | +25.6% |
| 2005 | 2.3% | +40.6% |
| 2006 | 3.4% | +50.9% |
| 2007 | 5.3% | +54.3% |
| 2008 | 5.1% | -3.6% |
| 2009 | 6.2% | +22.9% |
| 2010 | 3.7% | -40.5% |
| 2011 | 4.3% | +14.8% |
| 2012 | 2.6% | -37.8% |
| 2013 | 3.8% | +44.2% |
| 2014 | 3.5% | -7.9% |
| 2015 | 3.7% | +4.7% |
| 2016 | 1.7% | -53.2% |
| 2017 | 2.2% | +28.5% |
| 2018 | 1.6% | -29.6% |
| 2019 | 1.6% | +1.0% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 1.6% is below the median for high income countries, which is 2.1%, 74% of the median. (57 countries reporting)
- Trinidad and Tobago's 1.6% is below the median for Latin America & Caribbean, which is 1.6%, 98% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.1% | 1.2% | 6.2% | 9 |
| 2010s | 2.9% | 1.6% | 4.3% | 10 |
Countries ranked near Trinidad and Tobago
- 116 Peru 1.6% compare
- 117 Italy 1.6% compare
- 118 Bahamas 1.6% compare
- 120 Côte d'Ivoire 1.5% compare
- 121 Netherlands 1.5% compare
- 122 North Macedonia 1.5% compare
More public sector data for Trinidad and Tobago
- Arms imports 32.00 million SIPRI trend indicator values (2021)
- Arms imports (SIPRI trend indicator values), per capita 23.4 SIPRI trend indicator values per person (2021)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0013 SIPRI trend indicator values per US$ of GDP (2021)
- Arms imports (SIPRI trend indicator values), annual growth rate -34.78 % change on previous year (2016)
- Arms imports (SIPRI trend indicator values), gaps filled 32.00 million SIPRI trend indicator values (2021)
- Military expenditure (current USD), per capita 171.41 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0091 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -3.6 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 234.54 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 6,238 SIPRI trend indicator values per square kilometre (2021)
Frequently asked questions
- What is net investment in nonfinancial assets in Trinidad and Tobago?
- Net investment in nonfinancial assets in Trinidad and Tobago was 1.6% in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net investment in nonfinancial assets recorded in Trinidad and Tobago?
- The highest recorded value was 6.2% in 2009.
- What is the lowest net investment in nonfinancial assets recorded in Trinidad and Tobago?
- The lowest recorded value was 1.2% in 2002.
- How does Trinidad and Tobago rank for net investment in nonfinancial assets?
- Trinidad and Tobago ranks 119th out of 156 countries with data for 2019.
- Is net investment in nonfinancial assets rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 74.8%. The long-run trend across the full record is rising.
- Where does this Trinidad and Tobago data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net investment in nonfinancial assets (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net investment in government nonfinancial assets includes fixed assets, inventories, valuables, and nonproduced assets. Nonfinancial assets are stores of value and provide benefits either through their use in the production of goods and services or in the form of property income and holding gains. Net investment in nonfinancial assets also includes consumption of fixed capital. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.