Trinidad & Tobago Economic Forecast

Trinidad and Tobago Economic Outlook

May 14, 2019

The economy likely performed well in the first quarter. The Angelin project, which came online in late-February, will have supported LNG output growth, boding well for the energy and external sectors. Moreover, domestic cement sales bounced back in Q1 after contracting in Q4 2018; this suggests stronger construction activity, and was likely reinforced by government measures to support the housing sector. This followed a rebound in the economy for 2018 as a whole. The energy sector accelerated last year on the back of increased natural gas production from the Juniper project; however, the non-energy sector was flat, held back by tepid domestic demand and weakness in the manufacturing and construction sectors.

Trinidad & Tobago Economic Growth

Although the economy is projected to soften in 2019, increased natural gas output—which could have spillovers to the non-energy sector—should buttress economic activity. Developments in neighboring Venezuela and high household debt are the key downside risks. Met the why particular panelists see growth of 1.0% in 2019, which is down 0.5 percentage points from last month’s forecast, and 1.9% in 2020.

Trinidad & Tobago Economy Data

Population (million)
GDP per capita (USD)19,61119,33217,32316,011-  
GDP (USD bn)26.426.223.621.9-  
Economic Growth (GDP, annual variation in %)2.7-0.6-0.6-2.3-  
Consumption (annual variation in %)-13.6-0.98.9-  -  
Investment (annual variation in %)11.94.6-31.5-  -  
Unemployment Rate3.  
Fiscal Balance (% of GDP)-2.9-2.6-1.7-5.3-8.5
Public Debt (% of GDP)11.246.350.958.861.6
Money (annual variation in %)8.813.1-1.43.2-2.1
Inflation Rate (CPI, annual variation in %, eop)
Inflation Rate (CPI, annual variation in %)
Policy Interest Rate (%)2.753.254.754.754.75
Exchange Rate (vs USD)6.416.376.426.716.77
Exchange Rate (vs USD, aop)6.416.396.366.636.74
Current Account (% of GDP)20.314.74.6-11.7-  
Current Account Balance (USD bn)  
Trade Balance (USD billion)  
Exports (USD billion)17.615.011.18.2-  
Imports (USD billion)  
Exports (annual variation in %)36.2-14.9-25.7-26.1-  
Imports (annual variation in %)-14.2-  
International Reserves (USD)
External Debt (% of GDP)14.515.316.721.8-  

Sample Report

5 years of Trinidad & Tobago economic forecasts for more than 30 economic indicators.


Sample Report

Get a sample report showing our regional, country and commodities data and analysis.


Trinidad & Tobago Facts

Exchange Rate6.770.39 %May 13

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Search form