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 5.30 5 5.2 5.3 5.4 4 percent
Inflation Rate 1.10 3 3.5 3.8 2.8 4.3 percent
Interest Rate 5.00 5 5 5 5 5 percent
Balance of Trade 77.00 -32.34 -20.97 32.78 12.56 -3.9 USD Million
Government Debt to GDP 44.40 35.85 48.3 45.7 50.9 60 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 6.65
6.85 7.06 7.27 7.49 8.44
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 3.10
percent
2.5 2.3 2.5 2.5 2.4
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 5.30
percent
5 5.2 5.3 5.4 4
Population 1.37
Million
1.37 1.37 1.37 1.37 1.39
Labor Force Participation Rate 59.50
percent
59.3 59.23 59.22 59.21 59.03
Unemployed Persons 34.00
Thousand
31.79 31.9 32.18 32.77 34.58
Employed Persons 602.90
Thousand
600 600 600 599 598
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 1.10
percent
3 3.5 3.8 2.8 4.3
Producer Prices 601.50
Index Points
596 594 592 590 577
Food Inflation 2.70
percent
4.5 5 5.5 5.27 6
Consumer Price Index Cpi 107.30
Index Points
109 111 111 110 120
Cpi Transportation 105.80
Index Points
107 109 110 109 118
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 25281.60
TTD Million
25143 25139 25136 25134 25133
Money Supply M2 85442.40
TTD Million
85495 85456 85449 85449 85451
Foreign Exchange Reserves 7813.70
USD Million
7728 7748 7712 7743 7741
Banks Balance Sheet 134944.00
TTD Million
136230 136478 136739 137001 139421
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 77.00
USD Million
-32.34 -20.97 32.78 12.56 -3.9
Exports 2388.80
USD Million
2271 2290 2315 2292 2289
Imports 2311.80
USD Million
2304 2319 2283 2280 2293
Current Account -307.10
USD Million
-286 -341 -314 -286 -297
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
0.02 0 0 0 0.85
Crude Oil Production 66.00
BBL/D/1K
67.85 67.84 67.85 67.85 67.85
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 44.40
percent
35.85 48.3 45.7 50.9 60
Government Budget -8.50
percent of GDP
-4.38 -4.74 -5.47 -6.19 -7.75
Military Expenditure 199.00
USD Million
201 197 197 198 196
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
-8.35 -6.32 -7.58 -6.99 -7.42
Industrial Production Mom 4.70
percent
4.89 5.04 4.92 5.02 4.98
Capacity Utilization 68.80
percent
67.71 69.32 67.7 69.34 69.34
Cement Production 62483.00
Tonnes
55827 57599 58369 57997 58018
Competitiveness Index 4.09
Points
3.93 3.93 4.08 4.13 4.12
Competitiveness Rank 83.00
95 95 83 79 80
Ease of Doing Business 102.00
103 104 104 105 105
Corruption Index 41.00
Points
39 40 40 41 42
Corruption Rank 77.00
88 90 89 87 82
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Credit 32787.20
TTD Million
33339 33743 34141 34533 38088
Private Sector Credit 61868.10
TTD Million
63625 64317 64976 65603 70415
Gasoline Prices 0.52
USD/Liter
0.49 0.46 0.44 0.41 0.23
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