Wage bill as a percentage of GDP in Trinidad and Tobago
Trinidad and Tobago: Wage bill as a percentage of GDP was 4.7% in 2022. ▼ Falling
Latest (2022)
4.7%
Change on year
down 16.6%
World rank
158th
of 191 countries
All-time high
7.7%
in 2001
All-time low
3.9%
in 2008
Years of data
23
2000–2022
Wage bill as a percentage of GDP in Trinidad and Tobago, 2000–2022
Source: World Bank.
Analysis
Trinidad and Tobago recorded 4.7% for wage bill as a percentage of gdp in 2022.
Compared with earlier readings it is down 16.6% on the previous year and up 7.0% over ten years.
Over the whole period, wage bill as a percentage of gdp in Trinidad and Tobago peaked at 7.7% in 2001 and was at its lowest, 3.9%, in 2008.
Trinidad and Tobago ranks 158th of 191 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 23 years of available data.
Wage bill as a percentage of GDP in Trinidad and Tobago, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 6.0% | — |
| 2001 | 7.7% | +27.6% |
| 2002 | 7.4% | -3.7% |
| 2003 | 6.3% | -14.7% |
| 2004 | 5.7% | -9.3% |
| 2005 | 5.2% | -8.8% |
| 2006 | 4.7% | -10.7% |
| 2007 | 4.5% | -3.7% |
| 2008 | 3.9% | -12.6% |
| 2009 | 5.4% | +36.9% |
| 2010 | 4.7% | -12.8% |
| 2011 | 4.3% | -7.1% |
| 2012 | 4.4% | +1.1% |
| 2013 | 5.2% | +18.7% |
| 2014 | 4.8% | -7.0% |
| 2015 | 6.3% | +29.4% |
| 2016 | 6.4% | +2.6% |
| 2017 | 6.3% | -1.7% |
| 2018 | 5.6% | -10.8% |
| 2019 | 5.7% | +0.4% |
| 2020 | 6.4% | +13.1% |
| 2021 | 5.6% | -12.0% |
| 2022 | 4.7% | -16.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.7% | 3.9% | 7.7% | 10 |
| 2010s | 5.4% | 4.3% | 6.4% | 10 |
| 2020s | 5.6% | 4.7% | 6.4% | 3 |
Countries ranked near Trinidad and Tobago
More reference data data for Trinidad and Tobago
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0696 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0589 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.165 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0005 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.165 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.2333 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.0945 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.3189 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7976 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0027 (2050)
Frequently asked questions
- What is wage bill as a percentage of gdp in Trinidad and Tobago?
- Wage bill as a percentage of gdp in Trinidad and Tobago was 4.7% in 2022, according to the World Bank.
- What is the highest wage bill as a percentage of gdp recorded in Trinidad and Tobago?
- The highest recorded value was 7.7% in 2001.
- What is the lowest wage bill as a percentage of gdp recorded in Trinidad and Tobago?
- The lowest recorded value was 3.9% in 2008.
- How does Trinidad and Tobago rank for wage bill as a percentage of gdp?
- Trinidad and Tobago ranks 158th out of 191 countries with data for 2022.
- Is wage bill as a percentage of gdp rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 7.0%. The long-run trend across the full record is falling.
- Where does this Trinidad and Tobago data come from?
- The figures come from the World Bank, published as part of Wage bill as a percentage of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under CC BY 4.0 (World Bank Open Data).