Markets Actual Q1 Q2 Q3 Q4 2020
Currency 6.72 6.84 6.9 6.95 7.01 7.13
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 2.80 1.3 1.6 1.7 1.8 2
Unemployment Rate (%) 4.40 5.3 5.4 5.5 5.7 5.7
Inflation Rate (%) 1.00 1.4 1.5 1.5 1.5 1.7
Interest Rate (%) 5.00 5 5 5 5 5
Balance of Trade (USD Million) 1332.30 1177 1216 1278 1251 1264
Current Account (USD Million) 1047.90 1100 370 750 200 -100
Current Account to GDP (%) -4.10 5 5 5 5 -3
Government Debt to GDP (%) 44.40 62 62 62 62 63
Government Budget (% of GDP) -8.50 -8.3 -8.3 -8.3 -8.3 -8
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 2.80 1.3 1.6 1.7 1.8 2
GDP (USD Billion) 22.10 29 29 29 29 34
GDP per capita (USD) 15350.90 15200 15200 15200 15200 15400
GDP per capita PPP (USD) 28763.10 28500 28500 28500 28500 28600
GDP Growth Rate (%) -0.80 0.7 -0.1 -0.2 0.8 0.8
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 4.40 5.3 5.4 5.5 5.7 5.7
Unemployed Persons (Thousand) 27.30 31.3 31.64 32 31.87 32.63
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.00 1.4 1.5 1.5 1.5 1.7
Producer Prices (Index Points) 601.00 608 608 609 609 612
Food Inflation (%) -0.20 0.8 0.7 0.9 1 1.3
Consumer Price Index Cpi (Index Points) 108.30 108 109 109 110 111
Cpi Transportation (Index Points) 108.50 107 107 107 110 112
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 5.00 5 5 5 5 5
Deposit Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) 1332.30 1177 1216 1278 1251 1264
Current Account (USD Million) 1047.90 1100 370 750 200 -100
Current Account to GDP (%) -4.10 5 5 5 5 -3
External Debt (TTD Million) 24674.30 27000 27500 28500 28500 30000
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 44.40 62 62 62 62 63
Government Budget (% of GDP) -8.50 -8.3 -8.3 -8.3 -8.3 -8
Military Expenditure (USD Million) 199.00 199 199 199 199 210
Government Budget Value (TTD Million) 564.50 -350 450 1800 700 700
Government Debt (TTD Million) 90619.40 99000 99500 99900 99990 100500
Government Revenues (TTD Million) 4066.10 3800 4050 5200 4400 4500
Fiscal Expenditure (TTD Million) 3501.60 4150 3600 3400 3700 3800
Taxes Actual Q1 Q2 Q3 Q4 2020
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 Q1 Q2 Q3 Q4 2020
Industrial Production (%) 5.30 1.3 1.4 1.5 1.5 1.7
Cement Production (Tonnes) 50261.00 62000 63000 61800 62000 63000
Consumer Actual Q1 Q2 Q3 Q4 2020
Gasoline Prices (USD/Liter) 0.41 0.49 0.48 0.47 0.46 0.46


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.