Markets Actual Q2 Q3 Q4 Q1 2022
Currency 6.75 6.77 6.79 6.81 6.83 6.87

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) -1.90 3 6.5 4 4 1.7
Unemployment Rate (%) 4.00 5.7 5.5 5.5 5.1 4.5
Inflation Rate (%) 0.90 1.4 1.2 1.5 1.4 1.6
Interest Rate (%) 3.50 3.25 3.25 3.25 3.5 3.5
Balance of Trade (USD Million) 31.60 720 860 1275 1275 1113
Current Account (USD Million) -250.10 200 200 150 150 150
Current Account to GDP (%) 6.30 3.7 3.7 3.7 3.7 4.1
Government Debt to GDP (%) 63.20 67 67 67 67 63
Government Budget (% of GDP) -2.40 -7.6 -7.6 -7.6 -7.6 -5.7
Corporate Tax Rate (%) 30.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) -1.90 3 6.5 4 4 1.7
GDP (USD Billion) 24.10 24 24 27 27 25.5
GDP per capita (USD) 15105.10 15100 15100 15100 15100 15250
GDP per capita PPP (USD) 26176.00 25500 25500 25500 25500 26300
GDP Growth Rate (%) -0.50 0.9 0.7 0.5 0.5 0.7

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 4.00 5.7 5.5 5.5 5.1 4.5
Population (Million) 1.37 1.37 1.37 1.37 1.37 1.38
Unemployed Persons (Thousand) 25.10 32 31 31 31 28.9

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 0.90 1.4 1.2 1.5 1.4 1.6
Producer Prices (points) 621.40 608 608 608 608 609
Food Inflation (%) 3.90 3 2.5 2 1.8 1.8
Consumer Price Index CPI (points) 109.90 110 110 114 111 113
Cpi Transportation (points) 107.30 108 108 114 108 110

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 3.50 3.25 3.25 3.25 3.5 3.5
Deposit Interest Rate (%) 1.50 1.25 1.25 1.25 1.25 1.25
Foreign Exchange Reserves (USD Million) 6751.90 7200 7290 7350 7350 7350
Banks Balance Sheet (TTD Million) 156789.00 149000 149000 153000 153000 155000

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) 31.60 720 860 1275 1275 1113
Current Account (USD Million) -250.10 200 200 150 150 150
Current Account to GDP (%) 6.30 3.7 3.7 3.7 3.7 4.1
Imports (USD Million) 1288.80 1520 1550 1550 1550 1587
Exports (USD Million) 1320.50 2400 2500 2700 2700 2700
External Debt (TTD Million) 31547.50 30000 30000 30000 30000 30000

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 63.20 67 67 67 67 63
Government Budget (% of GDP) -2.40 -7.6 -7.6 -7.6 -7.6 -5.7
Military Expenditure (USD Million) 165.00 210 210 210 220 220
Government Budget Value (TTD Million) 1707.70 700 -2400 700 700 700
Government Debt (TTD Million) 101002.00 103000 102100 101500 101500 101500
Government Revenues (TTD Million) 4666.10 3000 3100 3200 3200 4000
Fiscal Expenditure (TTD Million) 3559.10 4900 4800 4600 4600 4000

Taxes Actual Q2 Q3 Q4 Q1 2022
Corporate Tax Rate (%) 30.00 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 Q2 Q3 Q4 Q1 2022
Industrial Production (%) 1.10 1.5 8.5 2.1 2.1 2.5
Industrial Production Mom (%) 3.10 1.9 1.3 1.1 1.1 0.5
Capacity Utilization (%) 60.40 65 65 67.5 67.5 67.5
Cement Production (Tonnes) 52511.00 62300 63500 64000 64000 65000

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Credit (TTD Million) 37255.50 35980 36895 36251 36251 37419
Private Sector Credit (TTD Million) 66262.30 64836 66077 67736 70114 67429
Gasoline Prices (USD/Liter) 0.40 0.32 0.31 0.31 0.28 0.26


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.