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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 6.65
 6.82 7.02 7.22 7.43 8.33
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 3.10
percent		 2.2 2.5 2.3 2.5 2.4
GDP 20.99
USD Billion		 22.9 22.2 29.6 30.1 30.5
GDP per capita 15786.30
USD		 15980 14649 15389 14335 14106
GDP per capita PPP 29579.00
USD		 32000 29389 32000 26834 26398
GDP Growth Rate 2.20
percent		 0.9 0.8 1 0.7 0.8
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 5.30
percent		 5 5 5.2 5.3 4
Population 1.35
Million		 1.37 1.35 1.35 1.35 1.37
Unemployed Persons 34.00
Thousand		 34 34 34 34 34
Labor Force Participation Rate 59.50
percent		 59.5 59.5 59.5 59.5 59.5
Employed Persons 602.90
Thousand		 603 603 603 603 603
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 0.90
percent		 2.5 3 3.5 3.8 4.3
Food Inflation 2.60
percent		 5 4.5 5 5.5 6
Consumer Price Index Cpi 107.10
Index Points		 109 109 111 111 120
Cpi Transportation 105.80
Index Points		 107 107 109 110 118
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 4.75
percent		 4.75 4.75 4.75 4.75 5
Deposit Interest Rate 1.50
percent		 1.52 1.51 1.51 1.51 1.51
Foreign Exchange Reserves 8112.10
USD Million		 8031 8052 8178 8367 8524
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade 77.00
USD Million		 68.3 68.3 68.3 68.3 68.3
Exports 2388.80
USD Million		 2331 2331 2331 2331 2331
Imports 2311.80
USD Million		 2262 2262 2262 2262 2262
Current Account -307.10
USD Million		 -304 -241 -224 -200 -186
Current Account to GDP -4.10
percent		 -4.03 -0.15 -6.73 0.27 -4.24
Gold Reserves 1.90
Tonnes		 1.89 1.89 1.89 1.89 1.89
Terrorism Index 0.25
 0.04 0.02 0 0 0.85
Crude Oil Production 69.00
BBL/D/1K		 74.47 75.25 76.02 76.78 83.97
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 44.40
percent		 36.65 35.85 41.2 45.7 53
Government Budget -8.50
percent of GDP		 -2.96 -2.85 -2.74 -3.01 -4.03
Military Expenditure 199.00
USD Million		 227 235 243 244 246
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Internet Speed 9569.96
KBps		 9068 9095 9081 9089 9086
IP Addresses 175628.00
IP		 161385 157583 157894 154938 147511
Industrial Production -4.30
percent		 -5.5 -5.5 -5.5 -5.5 -5.5
Industrial Production Mom 4.70
percent		 3.17 3.15 3.15 3.15 3.15
Capacity Utilization 68.80
percent		 68.55 68.55 68.55 68.55 68.55
Cement Production 59670.00
Tonnes		 56190 57477 58318 58865 59880
Competitiveness Index 4.09
Points		 4.01 4.01 4.01 4.01 4.01
Competitiveness Rank 83.00
 88 88 88 88 88
Ease of Doing Business 102.00
 102 102 102 102 102
Corruption Index 41.00
Points		 41 41 41 41 41
Corruption Rank 77.00
 77 77 77 77 77
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Credit 32530.60
TTD Million		 33263 33434 33515 33547 33279
Gasoline Prices 0.48
USD/Liter		 0.44 0.41 0.39 0.37 0.26
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 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 13 13
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 228.15
mm		 124 189 166 56.52 137
Temperature 26.32
celsius		 26.71 26.54 26.06 25.47 26.76