Trinidad and Tobago Current Account to GDP  1975-2018 | Data | Chart

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.

Trinidad and Tobago Current Account to GDP
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Trinidad and Tobago Trade Last Previous Highest Lowest Unit
Balance of Trade 77.00 59.60 3473.90 -438.30 USD Million [+]
Exports 2388.80 2272.60 6226.80 486.10 USD Million [+]
Imports 2311.80 2213.00 3976.90 415.70 USD Million [+]
Current Account -307.10 -408.00 2984.00 -2461.90 USD Million [+]
Current Account to GDP -4.10 -11.70 38.59 -12.14 percent [+]
Gold Reserves 1.90 1.93 1.93 1.86 Tonnes [+]
Terrorism Index 0.25 0.50 2.23 0.00 [+]
Crude Oil Production 69.00 74.00 155.68 65.57 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 May of 2018.

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

current account to GDP by Country
Country Last
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 3.50 Dec/17
Italy 2.80 Dec/17
Spain 1.90 Dec/17
Russia 1.80 Dec/16
China 1.30 Dec/17
Brazil -0.48 Dec/17
India -0.70 Dec/16
France -0.80 Dec/17
Mexico -1.60 Dec/17
Indonesia -1.70 Dec/17
United States -2.40 Dec/17
Canada -3.00 Dec/17
Australia -3.10 Dec/17
United Kingdom -4.10 Dec/17
Turkey -5.50 Dec/17