Markets Actual Q3 Q4 Q1 Q2 2021
Currency 6.70 6.72 6.74 6.76 6.78 6.82

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 0.90 -8.5 -6 -3.9 2.5 1.9
Unemployment Rate (%) 4.60 6 6.5 6.1 5.7 5.5
Inflation Rate (%) 0.40 0.1 0.3 0.5 0.7 0.9
Interest Rate (%) 3.50 3.25 3.25 3.25 3.25 3.5
Balance of Trade (USD Million) 488.20 710 720 860 880 1113
Current Account (USD Million) 243.20 300 -100 100 200 150
Current Account to GDP (%) 6.30 4 4 3.7 3.7 3.7
Government Debt to GDP (%) 63.20 68 68 67 67 67
Government Budget (% of GDP) -2.40 -8 -8 -7.6 -7.6 -7.6
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 0.90 -8.5 -6 -3.9 2.5 1.9
GDP (USD Billion) 24.10 23 23 24 24 27
GDP per capita (USD) 15105.10 14900 14900 15100 15100 15100
GDP per capita PPP (USD) 26176.00 24900 24900 25500 25500 25500
GDP Growth Rate (%) 2.20 8 -0.5 0.3 0.9 0.5

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 4.60 6 6.5 6.1 5.7 5.5
Population (Million) 1.36 1.37 1.37 1.37 1.37 1.37
Unemployed Persons (Thousand) 28.90 31.7 31.5 31.5 31.5 31

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 0.40 0.1 0.3 0.5 0.7 0.9
Producer Prices (points) 607.80 605 605 605 605 606
Food Inflation (%) 1.20 0.1 0.5 0.7 0.9 1.3
Consumer Price Index CPI (points) 109.00 109 109 109 110 110
Cpi Transportation (points) 107.00 108 108 108 108 109

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 3.50 3.25 3.25 3.25 3.25 3.5
Deposit Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Foreign Exchange Reserves (USD Million) 7313.30 6800 6900 7050 7200 7350
Banks Balance Sheet (TTD Million) 148425.00 148000 151000 149000 149000 153000

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Million) 488.20 710 720 860 880 1113
Current Account (USD Million) 243.20 300 -100 100 200 150
Current Account to GDP (%) 6.30 4 4 3.7 3.7 3.7
Imports (USD Million) 1538.30 1450 1480 1490 1520 1587
Exports (USD Million) 2026.50 2160 2200 2350 2400 2700
External Debt (TTD Million) 27800.90 26300 30000 30000 30000 30000

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 63.20 68 68 67 67 67
Government Budget (% of GDP) -2.40 -8 -8 -7.6 -7.6 -7.6
Military Expenditure (USD Million) 165.00 210 210 210 210 220
Government Budget Value (TTD Million) -1032.80 -2200 -1700 -900 -550 1800
Government Debt (TTD Million) 97472.40 95000 95500 95500 95500 98500
Government Revenues (TTD Million) 2869.90 2900 3200 3800 3950 5700
Fiscal Expenditure (TTD Million) 3902.70 5100 4900 4700 4500 3900

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
Sales Tax Rate (%) 12.50 12.5 12.5 12.5 12.5 12.5

Business Actual Q3 Q4 Q1 Q2 2021
Industrial Production (%) -7.70 -3 -1.5 1.9 1.9 2.1
Industrial Production Mom (%) -1.90 1.1 0.5 1.5 1.5 0.5
Capacity Utilization (%) 65.50 64.9 65.2 65 65 67.5
Cement Production (Tonnes) 53081.00 60900 61700 62300 63000 64000

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Credit (TTD Million) 37230.20 32838 34867 35727 38106 35529
Private Sector Credit (TTD Million) 66677.00 60081 62831 64284 68565 64024
Gasoline Prices (USD/Liter) 0.22 0.13 0.13 0.12 0.11 0.11


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.