Markets Actual Q4 Q1 Q2 Q3 2021
Currency 6.74 6.77 6.79 6.81 6.83 6.87

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -1.90 -6 -3.9 8 6.5 4
Unemployment Rate (%) 4.60 6.5 6.1 5.7 5.5 5.5
Inflation Rate (%) 0.60 -0.1 0.3 0.5 0.7 0.9
Interest Rate (%) 3.50 3.25 3.25 3.25 3.5 3.5
Balance of Trade (USD Million) 488.20 1264 720 860 880 1275
Current Account (USD Million) 243.20 -100 100 200 200 150
Current Account to GDP (%) 6.30 4 3.7 3.7 3.7 3.7
Government Debt to GDP (%) 63.20 68 67 67 67 67
Government Budget (% of GDP) -2.40 -8 -7.6 -7.6 -7.6 -7.6
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -1.90 -6 -3.9 8 6.5 4
GDP (USD Billion) 24.10 23 24 24 24 27
GDP per capita (USD) 15105.10 14900 15100 15100 15100 15100
GDP per capita PPP (USD) 26176.00 24900 25500 25500 25500 25500
GDP Growth Rate (%) -0.50 0.5 0.3 0.9 0.7 0.5

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 4.60 6.5 6.1 5.7 5.5 5.5
Population (Million) 1.36 1.37 1.37 1.37 1.37 1.37
Unemployed Persons (Thousand) 28.90 32.5 32 32 31 31

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 0.60 -0.1 0.3 0.5 0.7 0.9
Producer Prices (points) 608.20 608 608 608 608 608
Food Inflation (%) 1.20 0.5 0.7 0.9 1.1 1.3
Consumer Price Index CPI (points) 109.00 112 108 109 110 114
Cpi Transportation (points) 107.50 112 107 107 108 114

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 3.50 3.25 3.25 3.25 3.5 3.5
Deposit Interest Rate (%) 1.50 1.25 1.25 1.25 1.25 1.25
Foreign Exchange Reserves (USD Million) 7305.30 7400 7300 7200 7290 7350
Banks Balance Sheet (TTD Million) 148425.00 151000 149000 149000 149000 153000

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Million) 488.20 1264 720 860 880 1275
Current Account (USD Million) 243.20 -100 100 200 200 150
Current Account to GDP (%) 6.30 4 3.7 3.7 3.7 3.7
Imports (USD Million) 1538.30 1480 1490 1520 1550 1587
Exports (USD Million) 2026.50 2200 2350 2400 2500 2700
External Debt (TTD Million) 31527.90 30000 30000 30000 30000 30000

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 63.20 68 67 67 67 67
Government Budget (% of GDP) -2.40 -8 -7.6 -7.6 -7.6 -7.6
Military Expenditure (USD Million) 165.00 210 210 210 210 220
Government Budget Value (TTD Million) -2188.40 700 -2400 -2200 -1900 700
Government Debt (TTD Million) 101856.00 102500 103700 103000 102100 101500
Government Revenues (TTD Million) 2626.40 2800 2900 3000 3100 3200
Fiscal Expenditure (TTD Million) 4814.80 5200 5100 4900 4800 4600

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 25.00 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 Q4 Q1 Q2 Q3 2021
Industrial Production (%) -2.00 -6 -2 1.5 8.5 2.1
Industrial Production Mom (%) -12.40 0.5 1.5 1.9 1.3 1.1
Capacity Utilization (%) 61.20 65.2 65 65 65 67.5
Cement Production (Tonnes) 53081.00 61700 62300 62300 63500 64000

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Credit (TTD Million) 36862.40 35540 34867 35778 39928 36251
Private Sector Credit (TTD Million) 66677.00 60081 62831 64077 72011 65344
Gasoline Prices (USD/Liter) 0.31 0.32 0.13 0.12 0.11 0.31


This page has economic forecasts for Trinidad and Tobago including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Trinidad and Tobago economy.