Trinidad and Tobago recorded a Current Account surplus of 6.30 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Trinidad and Tobago averaged 5.09 percent from 1975 until 2019, reaching an all time high of 38.59 percent in 2006 and a record low of -12.14 percent in 1983. This page provides - Trinidad and Tobago Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Trinidad and Tobago Current Account to GDP - values, historical data and charts - was last updated on October of 2020. source: Central Bank of Trinidad and Tobago

Current Account to GDP in Trinidad and Tobago is expected to reach 4.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Trinidad and Tobago Current Account to GDP is projected to trend around 3.70 percent in 2021 and 4.10 percent in 2022, according to our econometric models.

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Trinidad and Tobago Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
6.30 5.80 38.59 -12.14 1975 - 2019 percent Yearly

Trinidad and Tobago Trade Last Previous Highest Lowest Unit
Balance of Trade 488.20 377.10 3473.90 -396.00 USD Million [+]
Current Account 243.20 -27.00 2984.00 -2461.90 USD Million [+]
Current Account to GDP 6.30 5.80 38.59 -12.14 percent [+]
Imports 1538.30 1589.20 3976.90 415.70 USD Million [+]
Exports 2026.50 1966.30 6226.80 486.10 USD Million [+]
Gold Reserves 1.90 1.90 1.94 1.86 Tonnes [+]
Terrorism Index 0.02 0.12 2.23 0.00 [+]
External Debt 31527.90 30911.10 32022.70 6215.20 TTD Million [+]
Crude Oil Production 56.32 51.22 156.00 51.00 BBL/D/1K [+]


Trinidad and Tobago Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.