Trinidad and Tobago | Economic Forecasts | 2017-2020 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 Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 6.68 6.68 6.62 6.55 6.48 5.74 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate -3.20 0.2 1.6 2.2 2.5 2.5 percent [+]
GDP 20.99 29 19.87 19.55 19.22 30.5 USD Billion [+]
GDP per capita 15786.30 15717 15700 15683 15666 15516 USD [+]
GDP per capita PPP 29579.00 31700 31800 32000 27526 24697 USD [+]
GDP Growth Rate 0.80 0.5 0.7 0.7 0.4 0.8 percent [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 3.60 3.9 3.7 3.7 3.9 4 percent [+]
Population 1.36 1.37 1.37 1.37 1.37 1.38 Million [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 1.50 3.7 3.8 3.5 5.3 4.3 percent [+]
Food Inflation 0.50 10.35 13.81 15.28 15.55 14.89 percent [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 4.75 5 5 5 5.25 5.75 percent [+]
Deposit Interest Rate 1.50 1.89 2.01 2.12 2.23 3.06 percent [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -364.10 504 536 561 573 604 USD Million [+]
Exports 1943.00 2072 2081 2088 2095 2135 USD Million [+]
Imports 2307.10 2205 2191 2191 2183 2102 USD Million [+]
Current Account -659.70 -112 -65.75 -29.91 -5.99 72.15 USD Million [+]
Current Account to GDP -0.40 4.79 4.28 3.76 3.24 4.1 percent [+]
Remittances 131.00 134 133 132 131 102 USD Million [+]
Gold Reserves 1.93 1.92 1.92 1.92 1.92 1.92 Tonnes [+]
Terrorism Index 0.50 -0.21 -0.3 -0.39 -0.48 1.15 [+]
Crude Oil Production 71.68 75.68 76.51 77.32 78.12 84.38 BBL/D/1K [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 45.60 45.6 45.72 45.85 45.97 45.9 percent [+]
Government Budget -5.00 -1.62 -1.86 -2.11 -2.35 -1.51 percent of GDP [+]
Military Expenditure 236.90 242 241 241 240 226 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Steel Production 0.00 8.85 13.7 17.84 21.45 38.88 Thousand Tonnes [+]
Ease of Doing Business 96.00 92 91 90 90 85 [+]
Corruption Index 35.00 36 36 36 36 38 Points [+]
Corruption Rank 101.00 82 85 87 89 83 [+]
Cement Production 50777.00 59067 59400 59610 59746 59993 Tonnes [+]
Competitiveness Index 4.09 3.97 3.97 3.97 3.97 3.92 Points [+]
Competitiveness Rank 83.00 85 85 85 85 86 [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Consumer Credit 30895.90 31022 31046 31045 31031 30785 TTD Million [+]
Gasoline Prices 0.43 0.43 0.43 0.43 0.43 0.43 USD/Liter [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Personal Income Tax Rate 25.00 25 25 25 25 25 percent [+]
Corporate Tax Rate 25.00 25 25 25 25 25 percent [+]
Sales Tax Rate 12.50 14.92 14.69 14.46 14.23 14.22 percent [+]