Real GDP at Constant National Prices for Trinidad and Tobago
RGDPNATTA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,696.33
Year-over-Year Change
-4.04%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Trinidad and Tobago, adjusted for inflation and expressed in constant national prices. It is a key indicator of the overall health and growth of the country's economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Real GDP at Constant National Prices for Trinidad and Tobago represents the total value of all goods and services produced within the country, adjusted to remove the effects of price changes over time. It is a widely used metric for analyzing economic performance and trends.
Methodology
The data is calculated by the United Nations Statistics Division using national accounts information.
Historical Context
This metric is closely monitored by policymakers, analysts, and international organizations to assess the state of the Trinidad and Tobago economy.
Key Facts
- Trinidad and Tobago is a high-income Caribbean nation.
- The economy is heavily dependent on oil and natural gas exports.
- Real GDP growth has fluctuated in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Trinidad and Tobago, which represents the total value of all goods and services produced in the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key indicator of economic performance and growth, providing insights into the overall health of the Trinidad and Tobago economy.
Q: How is this data collected or calculated?
A: The data is calculated by the United Nations Statistics Division using national accounts information.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers, analysts, and international organizations to assess the state of the Trinidad and Tobago economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts information from Trinidad and Tobago.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Trinidad and Tobago (RGDPNATTA666NRUG), retrieved from FRED.