Markets Actual Q2 Q3 Q4 Q1 2021
Currency 6.71 6.73 6.75 6.77 6.79 6.83

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) 0.90 -6 -6.5 -5.7 -3.9 0.9
Unemployment Rate (%) 4.60 5.8 6 6 5.7 5.5
Inflation Rate (%) 0.50 0.4 0.3 0.5 0.7 0.9
Interest Rate (%) 3.50 3.25 3.25 3.25 3.25 3.5
Balance of Trade (USD Million) 422.70 830 650 805 1010 1264
Current Account (USD Million) 186.40 450 300 -100 100 150
Current Account to GDP (%) 6.30 4 4 4 3.7 3.7
Government Debt to GDP (%) 63.20 68 68 68 67 67
Government Budget (% of GDP) -2.40 -8 -8 -8 -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 Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) 0.90 -6 -6.5 -5.7 -3.9 0.9
GDP (USD Billion) 21.00 24 24 24 27 27
GDP per capita (USD) 15288.90 14459 15400 15400 15600 15600
GDP per capita PPP (USD) 28647.10 28900 28900 28900 27093 29000
GDP Growth Rate (%) 2.20 -5 -3.4 0.3 0.3 0.5

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 4.60 5.8 6 6 5.7 5.5
Population (Million) 1.36 1.37 1.37 1.37 1.37 1.37
Labor Force Participation Rate (%) 59.20 58.3 58.2 58.2 58.2 58.24
Unemployed Persons (Thousand) 28.90 31.6 31.7 31.5 31.5 31

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 0.50 0.4 0.3 0.5 0.7 0.9
Producer Prices (points) 607.80 605 605 605 605 606
Food Inflation (%) 1.00 -0.3 0.5 1 1.2 1.5
Consumer Price Index Cpi (points) 108.90 109 109 109 110 110
Cpi Transportation (points) 107.00 109 108 108 108 109

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 3.50 3.25 3.25 3.25 3.25 3.5
Deposit Interest Rate (%) 1.50 1.5 1.25 1.25 1.25 1.5
Foreign Exchange Reserves (USD Million) 6625.50 6700 6800 6900 7050 7350
Banks Balance Sheet (TTD Million) 148173.00 147000 148000 151000 149000 153000

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (USD Million) 422.70 830 650 805 1010 1264
Current Account (USD Million) 186.40 450 300 -100 100 150
Current Account to GDP (%) 6.30 4 4 4 3.7 3.7
Imports (USD Million) 1611.60 1470 1450 1420 1490 1587
Exports (USD Million) 2034.30 2300 2100 2100 2500 2851
External Debt (TTD Million) 27430.60 28500 26300 30000 30000 30000

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 63.20 68 68 68 67 67
Government Budget (% of GDP) -2.40 -8 -8 -8 -7.6 -7.6
Military Expenditure (USD Million) 165.00 210 210 210 210 220
Government Budget Value (TTD Million) -1760.70 -2400 -2200 -1700 -900 1800
Government Debt (TTD Million) 101223.00 94500 95000 95500 95500 98500
Government Revenues (TTD Million) 3083.10 2400 2900 3200 3800 5700
Fiscal Expenditure (TTD Million) 4843.70 4800 5100 4900 4700 3900

Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2021
Industrial Production (%) -7.70 -8 -3 -1.5 1.9 2.1
Industrial Production Mom (%) -1.90 -0.7 1.1 0.5 1.5 0.5
Capacity Utilization (%) 64.20 64.8 64.9 65.2 65 67.5
Cement Production (Tonnes) 62517.00 62700 62900 63000 63000 64000

Consumer Actual Q2 Q3 Q4 Q1 2021
Consumer Credit (TTD Million) 37177.00 33011 33556 34978 35707 35293
Private Sector Credit (TTD Million) 66892.40 61345 61395 62543 63736 63106
Gasoline Prices (USD/Liter) 0.22 0.4 0.38 0.36 0.34 0.32


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.