The economy of Trinidad and Tobago advanced 2.8 percent year-on-year in the second quarter of 2018, slowing from a 2.8 percent rise in the previous period. Activity in the energy sector increased by 9.0 percent in the second quarter of 2018, while the non-energy sector declined by 0.5 percent. Within the non-energy sector, declines were recorded in manufacturing (-2.2 percent) and distribution (-1.6 percent) while gains were posted by construction (3.4 percent) and agriculture (0.2 percent). GDP Annual Growth Rate in Trinidad and Tobago averaged 2.96 percent from 1991 until 2018, reaching an all time high of 20.60 percent in the second quarter of 2003 and a record low of -11.90 percent in the third quarter of 2016.

GDP Annual Growth Rate in Trinidad and Tobago is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Trinidad and Tobago to stand at 1.70 in 12 months time. In the long-term, the Trinidad and Tobago GDP Annual Growth Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.

Trinidad and Tobago GDP Annual Growth Rate
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Trinidad and Tobago GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 2.80 3.20 20.60 -11.90 percent [+]
GDP 22.10 22.32 27.87 0.54 USD Billion [+]
GDP per capita 15350.90 15766.00 17052.30 5039.10 USD [+]
GDP per capita PPP 28763.10 29540.90 31951.00 11976.30 USD [+]
GDP Growth Rate -0.80 1.10 7.30 -4.60 percent [+]


Trinidad and Tobago GDP Annual Growth Rate

Trinidad and Tobago is one of the richest countries in the Caribbean. The most important sector of the economy is oil and gas production which accounts for around 40 percent of GDP, but employs only 5 percent of the labour force. Trinidad and Tobago is also a major producer of ammonia and methanol. In recent years, services like finance and tourism have been rapidly expanding as the government is trying to diversify the economy. Yet, corruption, poor infrastructure and drug related crime are the major obstacles to growth in the private sector and tourism. This page provides - Trinidad and Tobago GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Trinidad and Tobago GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.80 3.20 20.60 -11.90 1991 - 2018 percent Quarterly




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