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.


MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 6.65
6.82 7.02 7.22 7.43 8.33
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 3.10
percent
2.2 2.5 2.3 2.5 2.4
GDP 20.99
USD Billion
22.9 22.2 29.6 30.1 30.5
GDP per capita 15786.30
USD
15980 14649 15389 14335 14106
GDP per capita PPP 29579.00
USD
32000 29389 32000 26834 26398
GDP Growth Rate 2.20
percent
0.9 0.8 1 0.7 0.8
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 5.30
percent
5 5 5.2 5.3 4
Population 1.35
Million
1.37 1.35 1.35 1.35 1.37
Unemployed Persons 34.00
Thousand
34 34 34 34 34
Labor Force Participation Rate 59.50
percent
59.5 59.5 59.5 59.5 59.5
Employed Persons 602.90
Thousand
603 603 603 603 603
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 0.90
percent
2.5 3 3.5 3.8 4.3
Food Inflation 2.60
percent
5 4.5 5 5.5 6
Consumer Price Index Cpi 107.10
Index Points
109 109 111 111 120
Cpi Transportation 105.80
Index Points
107 107 109 110 118
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 4.75
percent
4.75 4.75 4.75 4.75 5
Deposit Interest Rate 1.50
percent
1.52 1.51 1.51 1.51 1.51
Foreign Exchange Reserves 8112.10
USD Million
8031 8052 8178 8367 8524
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade 77.00
USD Million
68.3 68.3 68.3 68.3 68.3
Exports 2388.80
USD Million
2331 2331 2331 2331 2331
Imports 2311.80
USD Million
2262 2262 2262 2262 2262
Current Account -307.10
USD Million
-304 -241 -224 -200 -186
Current Account to GDP -4.10
percent
-4.03 -0.15 -6.73 0.27 -4.24
Gold Reserves 1.90
Tonnes
1.89 1.89 1.89 1.89 1.89
Terrorism Index 0.25
0.04 0.02 0 0 0.85
Crude Oil Production 69.00
BBL/D/1K
74.47 75.25 76.02 76.78 83.97
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 44.40
percent
36.65 35.85 41.2 45.7 53
Government Budget -8.50
percent of GDP
-2.96 -2.85 -2.74 -3.01 -4.03
Military Expenditure 199.00
USD Million
227 235 243 244 246
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Internet Speed 9569.96
KBps
9068 9095 9081 9089 9086
IP Addresses 175628.00
IP
161385 157583 157894 154938 147511
Industrial Production -4.30
percent
-5.5 -5.5 -5.5 -5.5 -5.5
Industrial Production Mom 4.70
percent
3.17 3.15 3.15 3.15 3.15
Capacity Utilization 68.80
percent
68.55 68.55 68.55 68.55 68.55
Cement Production 59670.00
Tonnes
56190 57477 58318 58865 59880
Competitiveness Index 4.09
Points
4.01 4.01 4.01 4.01 4.01
Competitiveness Rank 83.00
88 88 88 88 88
Ease of Doing Business 102.00
102 102 102 102 102
Corruption Index 41.00
Points
41 41 41 41 41
Corruption Rank 77.00
77 77 77 77 77
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Credit 32530.60
TTD Million
33263 33434 33515 33547 33279
Gasoline Prices 0.48
USD/Liter
0.44 0.41 0.39 0.37 0.26
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 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 12.5 13 13
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 228.15
mm
124 189 166 56.52 137
Temperature 26.32
celsius
26.71 26.54 26.06 25.47 26.76