Trinidad and Tobago - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Trinidad and Tobago including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Trinidad and Tobago economy.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 5.10 5 5.2 5.6 5.7 5.5 percent
Inflation Rate 1.20 1.2 1.3 1.4 1.5 1.7 percent
Interest Rate 5.00 5 5 5 5 5 percent
Balance of Trade 689.60 -32.34 -20.97 32.78 12.56 -3.9 USD Million
Government Debt to GDP 44.40 56 56 64 64 60 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 6.74
6.71 6.78 6.84 6.91 7.18
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate -1.20
percent
1.1 1.3 1.4 1.6 2.1
GDP 22.10
USD Billion
25 25 29 29 34
GDP per capita 15350.90
USD
15100 15100 15200 15200 15400
GDP per capita PPP 28763.10
USD
28400 28400 28500 28500 28600
GDP Growth Rate 0.30
percent
0.8 1 0.7 -0.3 0.8
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 5.10
percent
5 5.2 5.6 5.7 5.5
Population 1.37
Million
1.37 1.37 1.37 1.37 1.39
Unemployed Persons 32.10
Thousand
33.36 31.9 33.7 34.27 36.53
Labor Force Participation Rate 59.10
percent
59.07 58.98 58.99 58.99 58.74
Employed Persons 602.00
Thousand
598 597 598 597 595
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 1.20
percent
1.2 1.3 1.4 1.5 1.7
Producer Prices 600.40
Index Points
606 607 608 608 612
Food Inflation 0.60
percent
3.2 3.4 3.2 3.4 3.8
Consumer Price Index Cpi 107.40
Index Points
108 108 108 109 112
Cpi Transportation 105.80
Index Points
105 107 107 107 110
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 5.00
percent
5 5 5 5 5
Deposit Interest Rate 1.50
percent
1.5 1.5 1.5 1.5 1.5
Money Supply M0 25245.70
TTD Million
25353 25359 25360 25358 25358
Money Supply M2 85802.50
TTD Million
85690 85639 85617 85608 85602
Foreign Exchange Reserves 7749.80
USD Million
7728 7748 7712 7743 7741
Banks Balance Sheet 136179.00
TTD Million
136510 136839 137146 137442 140141
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 689.60
USD Million
-32.34 -20.97 32.78 12.56 -3.9
Exports 2447.40
USD Million
2271 2290 2315 2292 2289
Imports 1757.60
USD Million
2304 2319 2283 2280 2293
Current Account 510.00
USD Million
280 180 400 320 -100
Current Account to GDP -4.10
percent
-0.15 4.56 0.27 -1.51 -3.18
Gold Reserves 1.90
Tonnes
1.89 1.89 1.89 1.88 1.89
Terrorism Index 0.25
0.5 0.5 0.2 0.2 0.1
External Debt 24841.10
TTD Million
25000 26500 27000 27500 30000
Crude Oil Production 66.00
BBL/D/1K
67.21 67.15 67.16 67.16 67.16
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 44.40
percent
56 56 64 64 60
Government Budget -8.50
percent of GDP
-7 -7 -6.5 -6.5 -6
Military Expenditure 199.00
USD Million
201 201 199 199 210
Government Debt 93297.90
TTD Million
95000 97000 99000 99500 100500
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Internet Speed 9569.96
KBps
9095 9081 9089 9085 9086
IP Addresses 175628.00
IP
157583 157894 154938 154872 147511
Industrial Production -4.30
percent
1.3 1.4 1.3 1.4 1.7
Industrial Production Mom 4.70
percent
4.89 5.04 4.92 5.02 4.98
Capacity Utilization 65.70
percent
67.71 69.32 67.7 69.34 69.34
Cement Production 62483.00
Tonnes
64000 64000 62000 63000 63000
Competitiveness Index 4.09
Points
4.09 4.09 4.13 4.13 4.15
Competitiveness Rank 83.00
83 83 83 83 84
Ease of Doing Business 102.00
103 103 105 105 107
Corruption Index 41.00
Points
39 39 42 42 43
Corruption Rank 77.00
80 80 76 76 75
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Credit 32920.10
TTD Million
33339 33743 34141 34533 38088
Private Sector Credit 62192.40
TTD Million
62271 62294 62301 62304 62306
Gasoline Prices 0.55
USD/Liter
0.56 0.53 0.5 0.47 0.37
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 25.00
percent
25 25 25 25 25
Personal Income Tax Rate 25.00
percent
25 25 25 25 25
Sales Tax Rate 12.50
percent
12.5 12.5 13 13 13
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 228.15
mm
189 166 56.52 134 137
Temperature 26.32
celsius
26.54 26.06 25.47 27.01 26.76