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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 6.74
6.92 7.08 7.25 7.43 8.17
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate -3.20
percent
1.6 2.2 2.5 3 2.5
GDP 20.99
USD Billion
22.37 21.65 20.92 29.6 30.5
GDP per capita 15786.30
USD
16390 16166 15942 15717 15516
GDP per capita PPP 29579.00
USD
31800 32000 29069 32000 24697
GDP Growth Rate 0.80
percent
0.7 0.7 0.4 0.5 0.8
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 4.50
percent
3.7 3.7 4.3 4 4
Population 1.35
Million
1.37 1.37 1.35 1.35 1.34
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 1.30
percent
2.2 2.5 3 3.5 4.3
Consumer Price Index Cpi 107.10
Index Points
107 107 107 107 107
Food Inflation 3.40
percent
4 5 4.5 5 6
Cpi Transportation 105.50
Index Points
106 106 106 106 105
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 4.75
percent
5 5 5.25 5 5.75
Deposit Interest Rate 1.50
percent
1.89 1.89 1.89 1.89 3.06
Foreign Exchange Reserves 8369.80
USD Million
8324 8300 8282 8265 8074
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade 307.80
USD Million
505 516 544 561 591
Exports 2549.50
USD Million
2379 2359 2343 2328 2246
Imports 2241.70
USD Million
2289 2278 2289 2283 2188
Current Account 97.20
USD Million
111 67.93 82.92 88.18 77.31
Current Account to GDP -5.50
percent
1.12 -0.15 -1.43 -2.71 1.55
Remittances 131.00
USD Million
128 130 132 134 102
Gold Reserves 1.93
Tonnes
1.92 1.92 1.92 1.92 1.92
Terrorism Index 0.25
0.05 0.03 0.01 0 0.92
Crude Oil Production 71.68
BBL/D/1K
76.51 77.32 78.12 78.89 84.38
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 39.40
percent
33.77 35.85 37.92 40 44.6
Government Budget -5.40
percent of GDP
-2.04 -1.91 -1.78 -1.65 -1.61
Military Expenditure 236.90
USD Million
217 225 234 242 226
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Internet Speed 9569.96
KBps
8700 7299 8559 9342 8045
IP Addresses 175628.00
IP
161971 159784 157890 156243 150185
Ease of Doing Business 102.00
97 97 97 97 78
Corruption Index 35.00
Points
38 38 37 36 38
Corruption Rank 101.00
79 80 81 82 83
Cement Production 52114.00
Tonnes
54158 56190 57477 58318 59880
Competitiveness Index 4.09
Points
3.97 3.97 3.97 3.97 3.93
Competitiveness Rank 83.00
85 85 85 85 88
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Consumer Credit 31779.30
TTD Million
32322 32513 32603 32638 32358
Gasoline Prices 0.45
USD/Liter
0.44 0.44 0.44 0.44 0.43
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 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
13 13 13 13 13
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 228.15
mm
56.41 124 189 166 137
Temperature 26.32
celsius
25.42 26.71 26.54 26.06 26.76