The economy of Trinidad and Tobago shrank 2.1 percent year-on-year in the fourth quarter of 2018, following a 1.6 percent contraction in the previous period. Output dropped further in the non-energy sector (-1.8 percent from -0.4 percent in Q3) while the energy sector fell less (-2.5 percent from -3.8 percent). Within the non-energy sector, declines were recorded in manufacturing (-0.6 percent); construction (-4.7 percent); agriculture (-3.8 percent); and distribution (-2.5 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 0.60 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 0.80 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.