Annual GDP Indicators
|GDP at current prices (TT$ Millions)||149208.6||157150.1||161284.3||161335.3||144422.1|
|GDP at constant 2012 prices (TT$ Millions)||160269.3||155972.2||154870.3||154604.8||143203.8|
|Volume index (2012=100)||96.7||94.1||93.4||93.3||86.4|
|Constant price growth rate (%)||-6.3||-2.7||-0.7||-0.2||-7.4|
|Implied deflators (2012=100)||93.1||100.8||104.1||104.4||100.9|
|GDP per capita (TT$ Millions)||110222.1||115840.3||118637.6||118304.6||105688.7|
|Source: Central Statistical Office, October 2021|
GDP at Current Prices
Gross domestic product (GDP) at current prices is GDP at prices of the current reporting period. Also known as nominal GDP.
GDP at Constant Prices
Constant price estimates of GDP are obtained by expressing values in terms of a base period. i.e. the price in the base period is substituted for that in the current period
Base Period is the reference point in time (year) for which data is used as a benchmark and with which the values from other years are compared. The index value of the base year is conventionally set to equal 100.
In quarter 3 of 2021 the ‘year on year’ GDP at Constant  Prices recorded a growth ( 8.2 %) compared to quarter 2 of 2020. On a quarter on quarter comparison (quarter 3 of 2021 over quarter 2 of 2021), GDP at Constant  prices increased 8.9 %.
In current price terms, that is prices observed in the economy in quarter 3 of 2021, the quarter on quarter growth rate (quarter 3 of 2021 over quarter 2 of 2021) was 14.3 %
(March 31, 2022)