Trinidad and Tobago | Economic Forecasts | 2017-2020 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.


MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 6.72 6.77 6.83 7.04 6.97 8.04 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate -10.80 -1.2 0.6 1.3 1.6 2.5 percent [+]
GDP 23.56 29 29 29 24.57 30.5 USD Billion [+]
GDP per capita 16696.03 16727 16418 16626 16620 16457 USD [+]
GDP per capita PPP 31283.55 31374 31254 31134 31108 30706 USD [+]
GDP Growth Rate -3.30 -0.7 0.2 0.5 0.7 0.8 percent [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 4.40 3.9 4 3.9 3.7 4 percent [+]
Population 1.36 1.35 1.36 1.36 1.36 1.39 Million [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 2.61 3.2 3.4 3.6 3.8 4.3 percent [+]
Food Inflation 7.60 10.23 10.35 10.01 9.72 9.71 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 4.75 5 5 5.25 5.25 5.75 percent [+]
Deposit Interest Rate 1.50 1.59 1.56 1.53 1.54 1.53 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -364.10 382 293 198 200 234 USD Million [+]
Exports 1943.00 2389 2311 2273 2243 2280 USD Million [+]
Imports 2307.10 2232 2223 2192 2185 2192 USD Million [+]
Current Account -659.70 -308 -289 -302 -309 -339 USD Million [+]
Current Account to GDP -0.40 3.18 1.68 0.17 -0.49 0.92 percent [+]
Remittances 131.00 131 134 138 139 152 USD Million [+]
Gold Reserves 1.93 1.93 1.93 1.93 1.93 1.93 Tonnes [+]
Terrorism Index 0.50 0.08 -0.06 -0.21 -0.3 1.15 [+]
Crude Oil Production 56.91 57.38 57.37 57.37 57.37 57.37 BBL/D/1K [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 45.60 44.75 44.86 44.98 45.38 48.62 percent [+]
Government Budget -4.20 -2.96 -3.16 -3.36 -3.52 -4.23 percent of GDP [+]
Military Expenditure 234.00 212 218 224 228 229 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Steel Production 0.00 1.01 1.16 1.14 1.14 1.14 Thousand Tonnes [+]
Ease of Doing Business 96.00 88 86 84 81 74 [+]
Corruption Index 35.00 38 37 36 36 38 Points [+]
Corruption Rank 101.00 80 81 82 85 83 [+]
Cement Production 55551.00 61076 59858 59816 60031 59981 Tonnes [+]
Competitiveness Index 3.93 3.93 3.93 3.93 3.93 3.93 Points [+]
Competitiveness Rank 94.00 89 89 89 89 84 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Credit 30759.70 31383 31820 32250 32671 36756 TTD Million [+]
Gasoline Prices 0.40 0.38 0.38 0.38 0.38 0.38 USD/Liter [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Personal Income Tax Rate 25.00 25 25 25 25 25 percent [+]
Corporate Tax Rate 25.00 25 25 25 25 25 percent [+]
Sales Tax Rate 12.50 14.45 14.69 14.92 14.69 14.22 percent [+]