Markets Actual Q3 Q4 Q1 Q2 2020
Currency 6.74 6.74 6.77 6.8 6.84 6.9
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) -2.10 0.6 0.9 0.6 0.8 1.5
Unemployment Rate (%) 4.40 5.4 5.5 5.1 5 5
Inflation Rate (%) 1.10 1.5 1.5 1.6 1.7 1.7
Interest Rate (%) 5.00 4.75 4.75 4.5 4.5 4
Balance of Trade (USD Million) 690.20 600 1251 1100 1100 1264
Current Account (USD Million) 814.70 750 200 500 450 -100
Current Account to GDP (%) 5.60 5 5 6 6 6
Government Debt to GDP (%) 61.00 63 63 65 65 65
Government Budget (% of GDP) -3.40 -8.3 -8.3 -8 -8 -8
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) -2.10 0.6 0.9 0.6 0.8 1.5
GDP (USD Billion) 23.41 29 29 34 34 34
GDP per capita (USD) 15288.90 15300 15300 15400 15400 15400
GDP per capita PPP (USD) 28647.10 28800 28800 28900 28900 28900
GDP Growth Rate (%) -0.60 0.6 0.3 0.2 0.6 0.8
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 4.40 5.4 5.5 5.1 5 5
Unemployed Persons (Thousand) 27.30 31.64 32 31.87 31.6 31.5
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 1.10 1.5 1.5 1.6 1.7 1.7
Producer Prices (Index Points) 604.20 609 609 609 609 612
Food Inflation (%) 1.50 0.9 1 1 1.2 1.3
Consumer Price Index Cpi (Index Points) 108.60 109 110 110 110 112
Cpi Transportation (Index Points) 107.90 107 110 110 110 112
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 5.00 4.75 4.75 4.5 4.5 4
Deposit Interest Rate (%) 1.50 1.5 1.5 1.25 1.25 1.25
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (USD Million) 690.20 600 1251 1100 1100 1264
Current Account (USD Million) 814.70 750 200 500 450 -100
Current Account to GDP (%) 5.60 5 5 6 6 6
External Debt (TTD Million) 25848.50 24822 26179 26081 26055 26572
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 61.00 63 63 65 65 65
Government Budget (% of GDP) -3.40 -8.3 -8.3 -8 -8 -8
Government Debt (TTD Million) 92346.40 99900 99990 99990 99990 100500
Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2020
Industrial Production (%) 9.50 1.5 1.5 1.7 1.6 1.7
Consumer Actual Q3 Q4 Q1 Q2 2020
Gasoline Prices (USD/Liter) 0.45 0.44 0.43 0.41 0.4 0.4


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.