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.


Overview Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 5.10 5.2 5.6 5.7 5.8 5.7 percent
Inflation Rate 1.20 1.3 1.4 1.5 1.5 1.7 percent
Interest Rate 5.00 5 5 5 5 5 percent
Balance of Trade 1685.70 1266 1177 1216 1278 1275 USD Million
Government Debt to GDP 44.40 56 62 62 62 63 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 6.65
 6.72 6.78 6.85 6.92 7.2
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 3.10
percent		 1.3 1.4 1.6 1.8 2.1
GDP 22.10
USD Billion		 25 29 29 29 34
GDP per capita 15350.90
USD		 15100 15200 15200 15200 15400
GDP per capita PPP 28763.10
USD		 28400 28500 28500 28500 28600
GDP Growth Rate 1.20
percent		 1 0.7 -0.1 -0.1 0.8
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 5.10
percent		 5.2 5.6 5.7 5.8 5.7
Population 1.37
Million		 1.37 1.37 1.37 1.37 1.39
Unemployed Persons 32.10
Thousand		 31.9 33.7 34.27 34.54 36.53
Labor Force Participation Rate 59.10
percent		 58.98 58.99 58.99 58.95 58.74
Employed Persons 602.00
Thousand		 597 598 597 596 595
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 1.20
percent		 1.3 1.4 1.5 1.5 1.7
Producer Prices 600.40
Index Points		 607 608 608 609 612
Food Inflation 0.00
percent		 1 0.8 0.7 0.9 1.3
Consumer Price Index Cpi 107.50
Index Points		 108 108 109 109 112
Cpi Transportation 105.80
Index Points		 107 107 107 107 110
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 5.00
percent		 5 5 5 5 5
Deposit Interest Rate 1.50
percent		 1.5 1.5 1.5 1.5 1.5
Money Supply M0 27025.50
TTD Million		 26730 26755 26766 26766 26766
Money Supply M2 86149.00
TTD Million		 86400 86412 86413 86414 86417
Foreign Exchange Reserves 7465.30
USD Million		 7413 7359 7384 7351 7380
Banks Balance Sheet 136179.00
TTD Million		 136839 137146 137442 137732 140141
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade 1685.70
USD Million		 1266 1177 1216 1278 1275
Exports 3230.80
USD Million		 2923 2744 2763 2861 2858
Imports 1545.20
USD Million		 1642 1567 1547 1583 1582
Current Account 1255.20
USD Million		 180 400 320 500 -100
Current Account to GDP -4.10
percent		 -2 5 5 5 -3
Gold Reserves 1.90
Tonnes		 1.89 1.89 1.89 1.89 1.89
Terrorism Index 0.25
 0.5 0.2 0.2 0.2 0.1
External Debt 24769.20
TTD Million		 26500 27000 27500 28500 30000
Crude Oil Production 65.00
BBL/D/1K		 65.69 65.68 65.68 65.68 65.68
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 44.40
percent		 56 62 62 62 63
Government Budget -8.50
percent of GDP		 -7.9 -8.3 -8.3 -8.3 -8
Military Expenditure 199.00
USD Million		 201 199 199 199 210
Government Budget Value 564.50
TTD Million		 -350 450 1800 700 700
Government Debt 90869.40
TTD Million		 97000 99000 99500 99900 100500
Government Revenues 4066.10
TTD Million		 4100 3800 4050 5200 4500
Fiscal Expenditure 3501.60
TTD Million		 3300 4150 3600 3400 3800
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Internet Speed 9569.96
KBps		 9081 9089 9085 9087 9086
IP Addresses 175628.00
IP		 157894 154938 154872 152994 147511
Industrial Production 5.30
percent		 1.4 1.3 1.4 1.5 1.7
Industrial Production Mom 4.00
percent		 -2.56 -0.19 -1.65 -0.79 -1.09
Capacity Utilization 65.70
percent		 68.01 66.42 68.32 66.34 68.25
Cement Production 62483.00
Tonnes		 64000 62000 63000 61800 63000
Competitiveness Index 57.88
Points		 58.38 58.38 58.38 58.38 60.88
Competitiveness Rank 78.00
 78 78 78 78 78
Ease of Doing Business 105.00
 103 105 105 106 107
Corruption Index 41.00
Points		 41 41 41 41 41
Corruption Rank 77.00
 77 77 77 77 77
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Credit 33254.10
TTD Million		 33822 34235 34642 35041 38355
Private Sector Credit 62583.80
TTD Million		 63525 64052 64553 65029 68388
Gasoline Prices 0.54
USD/Liter		 0.53 0.52 0.51 0.5 0.46
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 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 12.5 12.5
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 228.15
mm		 166 56.52 134 134 137
Temperature 26.32
celsius		 26.06 25.47 27.01 27.01 26.76



Trinidad and Tobago - Economic Forecasts - 2018-2020 Outlook