Markets Actual Q1 Q2 Q3 Q4 2020
Currency 6.77 6.72 6.73 6.75 6.77 6.81
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) -1.00 0.6 0.8 1 1.5 1.5
Unemployment Rate (%) 3.80 5.1 5 5 5 4
Inflation Rate (%) 0.30 1.6 1.7 1.6 1.7 1.6
Interest Rate (%) 5.00 4.75 4.75 4.75 4.5 4
Balance of Trade (USD Million) 756.50 1300 830 650 620 1264
Current Account (USD Million) 486.70 500 450 300 -100 150
Current Account to GDP (%) 5.60 6 6 6 6 5.7
Government Debt to GDP (%) 61.00 65 65 65 65 60
Government Budget (% of GDP) -3.40 -8 -8 -8 -8 -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 Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) -1.00 0.6 0.8 1 1.5 1.5
GDP (USD Billion) 23.41 34 34 34 34 37
GDP per capita (USD) 15288.90 15400 15400 15400 15400 15600
GDP per capita PPP (USD) 28647.10 28900 28900 28900 28900 29000
GDP Growth Rate (%) -1.50 0.2 0.6 0.4 0.8 1
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 3.80 5.1 5 5 5 4
Population (Million) 1.39 1.41 1.41 1.41 1.41 1.42
Unemployed Persons (Thousand) 24.00 31.64 31.6 31.7 31.5 31
Labor Force Participation Rate (%) 58.50 58.5 58.3 58.2 58.2 58.24
Employed Persons (Thousand) 604.20 592 600 595 600 602
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 0.30 1.6 1.7 1.6 1.7 1.6
Producer Prices (points) 608.20 605 605 605 605 606
Food Inflation (%) -1.10 1 1.2 1.1 1.3 1.5
Consumer Price Index Cpi (points) 108.60 110 110 110 111 112
Cpi Transportation (points) 107.30 110 110 110 109 111
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 5.00 4.75 4.75 4.75 4.5 4
Deposit Interest Rate (%) 1.50 1.25 1.25 1.25 1.25 1
Foreign Exchange Reserves (USD Million) 6929.00 7301 7300 7230 7350 7500
Banks Balance Sheet (TTD Million) 141297.00 139000 140000 138000 138000 139112
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) 756.50 1300 830 650 620 1264
Current Account (USD Million) 486.70 500 450 300 -100 150
Current Account to GDP (%) 5.60 6 6 6 6 5.7
Imports (USD Million) 1589.40 1500 1470 1450 1450 1587
Exports (USD Million) 2345.90 2800 2300 2100 2100 2851
External Debt (TTD Million) 26308.60 28500 28500 26300 30000 30000
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 61.00 65 65 65 65 60
Government Budget (% of GDP) -3.40 -8 -8 -8 -8 -7.6
Military Expenditure (USD Million) 165.00 210 210 210 210 220
Government Budget Value (TTD Million) -26.50 -500 -1000 -1000 700 700
Government Debt (TTD Million) 92698.70 94000 94500 95000 95500 98500
Government Revenues (TTD Million) 4762.50 4200 4400 4900 4500 4500
Fiscal Expenditure (TTD Million) 4789.00 4700 5400 5900 3800 3800
Taxes Actual Q1 Q2 Q3 Q4 2020
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 Q1 Q2 Q3 Q4 2020
Industrial Production (%) 1.00 1.7 1.6 1.9 1.7 2.1
Industrial Production Mom (%) 8.10 -1.65 -0.7 1.1 0.5 0.5
Capacity Utilization (%) 63.10 68.32 68.5 68.5 68.7 69
Cement Production (Tonnes) 47190.00 62500 62700 62900 63000 64000
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Credit (TTD Million) 36074.90 34828 35399 36248 36427 36974
Private Sector Credit (TTD Million) 65836.50 64750 65783 66495 66824 67826
Gasoline Prices (USD/Liter) 0.43 0.47 0.48 0.49 0.51 0.51


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.