Markets Actual Q3 Q4 Q1 Q2 2023
Currency 6.76 6.79 6.83 6.87 6.91 6.98

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 8.20 5.8 5.5 4.9 4.1 3
Unemployment Rate (%) 4.70 4.7 4.5 4.5 4.5 4
Inflation Rate (%) 5.10 3.5 3 2.9 2.9 1.8
Interest Rate (%) 3.50 3.5 3.5 3.5 3.5 3.5
Balance of Trade (USD Million) 259.00 1275 1150 1150 1150 1113
Current Account (USD Million) -2.00 150 150 150 150 150
Current Account to GDP (% of GDP) 2.30 2.8 2.8 2.8 2.8 2.5
Government Debt to GDP (% of GDP) 82.70 75 75 75 75 68
Government Budget (% of GDP) -11.20 -7.6 -5.7 -5.7 -5.7 -5.7
Corporate Tax Rate (%) 30.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 8.20 5.8 5.5 4.9 4.1 3
GDP (USD Billion) 21.53 27 25.5 25.5 25.5 25.5
GDP per capita (USD) 14875.94 14700 14700 14700 14700 14950
GDP per capita PPP (USD) 23728.16 24900 24900 24900 24900 25700
GDP Growth Rate (%) 8.40 0.5 0.7 0.7 0.7 0.7

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 4.70 4.7 4.5 4.5 4.5 4
Population (Million) 1.38 1.38 1.38 1.39 1.39 1.39
Labor Force Participation Rate (%) 55.40 58.7 59.5 59.5 59.5 59.5
Unemployed Persons (Thousand) 28.20 31 28.9 28.9 28.9 28.9
Employed Persons (Thousand) 570.30 602 602 602 602 602

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 5.10 3.5 3 2.9 2.9 1.8
Producer Prices (points) 620.10 623 625 625 625 627
Food Inflation (%) 7.90 3 2.8 2.5 2.3 2
Consumer Price Index CPI (points) 115.90 116 117 118 119 119
CPI Transportation (points) 114.80 114 108 110 110 110

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 3.50 3.5 3.5 3.5 3.5 3.5
Deposit Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Foreign Exchange Reserves (USD Million) 6699.20 7350 7350 7350 7350 7350
Banks Balance Sheet (TTD Million) 153245.00 153000 155000 155000 155000 155000

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) 259.00 1275 1150 1150 1150 1113
Current Account (USD Million) -2.00 150 150 150 150 150
Current Account to GDP (% of GDP) 2.30 2.8 2.8 2.8 2.8 2.5
Imports (USD Million) 1385.60 1550 1550 1550 1550 1587
Exports (USD Million) 1644.60 2700 2700 2700 2700 2700
External Debt (TTD Million) 32082.60 30000 30000 30000 30000 30000

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 82.70 75 75 75 75 68
Government Budget (% of GDP) -11.20 -7.6 -5.7 -5.7 -5.7 -5.7
Military Expenditure (USD Million) 157.00 220 220 220 220 230
Government Budget Value (TTD Million) -1231.10 700 -1400 -1400 -1400 0
Government Debt (TTD Million) 109406.00 101500 101500 101500 101500 101500
Government Revenues (TTD Million) 2789.70 3200 4000 4000 4000 4000
Fiscal Expenditure (TTD Million) 4020.80 4600 4000 4000 4000 4000

Taxes Actual Q3 Q4 Q1 Q2 2023
Corporate Tax Rate (%) 30.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
Sales Tax Rate (%) 12.50 12.5 12.5 12.5 12.5 12.5

Business Actual Q3 Q4 Q1 Q2 2023
Industrial Production (%) 10.40 2.1 2.5 2.5 2.5 2.5
Industrial Production Mom (%) 3.00 1.1 0.5 0.5 0.5 0.5
Capacity Utilization (%) 61.90 67.5 67.5 67.5 67.5 67.5
Cement Production (Tonnes) 67322.00 64000 65000 65000 65000 65000

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Credit (TTD Million) 37756.40 38864 39311 39497 39304 40490
Private Sector Credit (TTD Million) 66617.60 70523 70481 70282 69882 72390
Gasoline Prices (USD/Liter) 0.99 1.03 1.06 1.1 1.14 1.14


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Trinidad And Tobago Forecast - was last updated on Wednesday, July 6, 2022.