Trinidad and Tobago: Competitiveness
* indicates monthly or quarterly data series
| Trinidad and Tobago |
Competitiveness - World Economic Forum index (0-100) |
|---|---|
| Latest value | 58.30 |
| Year | 2019 |
| Measure | points |
| Data availability | 2018 - 2019 |
| Average | 58.10 |
| Min - Max | 57.90 - 58.30 |
| Source | The World Economic Forum |
The latest value from 2019 is 58.3 points, an increase from 57.9 points in 2018. In comparison, the world average is 60.61 points, based on data from 140 countries. Historically, the average for Trinidad and Tobago from 2018 to 2019 is 58.1 points. The minimum value, 57.9 points, was reached in 2018 while the maximum of 58.3 points was recorded in 2019.
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Definition: The Global Competitiveness index is composed of 12 pillars of competitiveness: Institutions, Infrastructure, ICT adoption, Macroeconomic stability, Health, Skills, Product market, Labor market, Financial system, market size, Business, dynamism, and Innovation capability.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Rule of law | -0.17 | 2022 | points |
| Government effectiveness | -0.03 | 2022 | points |
| Control of corruption | -0.38 | 2022 | points |
| Regulatory quality | -0.07 | 2022 | points |
| Voice and accountability | 0.65 | 2022 | points |
| Political stability | 0.36 | 2022 | points |
| Corruption perceptions - Transparency International | 42 | 2023 | points |
| Political rights | 2 | 2024 | points |
| Civil liberties | 2 | 2024 | points |
| Competitiveness | 58.30 | 2019 | points |
| Cost of starting a business | 0.70 | 2019 | percent of per capita GNI |
| Shadow economy | 31.40 | 2015 | percent |
| Informal economy, MIMIC method | 33.40 | 2020 | percent |
| Informal economy, DGE method | 25.20 | 2020 | percent |