Trinidad and Tobago recorded a Current Account deficit of 4.10 percent of the country's Gross Domestic Product in 2017. Current Account to GDP in Trinidad and Tobago averaged 4.63 percent from 1975 until 2017, reaching an all time high of 38.59 percent in 2006 and a record low of -12.14 percent in 1983.

Current Account to GDP in Trinidad and Tobago is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Trinidad and Tobago Current Account to GDP is projected to trend around 5.70 percent in 2020, according to our econometric models.

Trinidad and Tobago Current Account to GDP
Forecast Data Chart
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Trinidad and Tobago Trade Last Previous Highest Lowest Unit
Balance of Trade 1332.30 1595.00 3473.90 -396.00 USD Million [+]
Current Account 1047.90 974.80 2984.00 -2461.90 USD Million [+]
Current Account to GDP -4.10 -11.70 38.59 -12.14 percent [+]
Imports 1671.50 1569.60 3976.90 415.70 USD Million [+]
Exports 3003.80 3164.60 6226.80 486.10 USD Million [+]
Gold Reserves 1.90 1.90 1.93 1.86 Tonnes [+]
Terrorism Index 0.12 0.25 2.23 0.00 [+]
External Debt 25945.60 25726.50 25945.60 6215.20 TTD Million [+]
Crude Oil Production 62.00 65.00 155.68 62.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

Trinidad and Tobago Current Account to GDP

The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Trinidad and Tobago Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Trinidad and Tobago Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-4.10 -11.70 38.59 -12.14 1975 - 2017 percent Yearly

Country Last Previous
Singapore 19.50 Dec/17
Netherlands 10.20 Dec/17
Switzerland 9.80 Dec/17
Germany 8.00 Dec/17
South Korea 5.60 Dec/17
Japan 4.02 Dec/17
Euro Area 3.00 Dec/18
Italy 2.60 Dec/18
Russia 2.20 Dec/17
Saudi Arabia 2.20 Dec/17
Spain 1.90 Dec/17
China 1.30 Dec/17
Brazil -0.48 Dec/17
France -0.80 Dec/17
Mexico -1.60 Dec/17
India -1.90 Dec/17
United States -2.40 Dec/17
South Africa -2.50 Dec/17
Canada -3.00 Dec/17
Indonesia -3.00 Dec/18
Australia -3.10 Dec/17
United Kingdom -4.10 Dec/17
Argentina -4.80 Dec/17
Turkey -5.50 Dec/17