Trinidad and Tobago Economic Outlook
July 11, 2018An economic recovery appears to have taken hold in 2018, propelled by strong growth in the energy sector. Oil and natural gas output are ramping up, supported by higher commodity prices and new gas field projects that came online in the first half of the year. Moreover, private credit growth accelerated and business credit rebounded in April, suggesting higher confidence in the private sector. In addition, the government’s fiscal consolidation efforts are coming to fruition, as seen in preliminary data for 2018 showing a narrower fiscal deficit.
Trinidad & Tobago Economic GrowthEconomic momentum should continue to gain steam on the back of the oil sector. Growth in the medium term will be buoyed by BP’s Angelin and Cassia projects coming online in 2019 and 2020, respectively. Met the why particular panelists expect growth of 1.4% this year, up 0.1 percentage points from last month’s forecast, and 2.0% in 2019.
Trinidad & Tobago Economy Data
5 years of Trinidad & Tobago economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Trinidad & Tobago Facts
|Exchange Rate||6.74||0.39 %||Jul 17|
Start Your Free 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.