Markets Actual Q3 Q4 Q1 Q2 2022
Currency 6.76 6.78 6.8 6.83 6.86 6.91

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) -8.70 6.5 4 4 4 1.7
Unemployment Rate (%) 4.40 5.5 5.5 5.1 5.1 4.5
Inflation Rate (%) 0.80 1.2 1.5 1.4 1.2 1.6
Interest Rate (%) 3.50 3.5 3.5 3.5 3.5 3.5
Balance of Trade (USD Million) 31.60 720 1275 1275 1275 1113
Current Account (USD Million) -250.10 200 150 150 150 150
Current Account to GDP (% of GDP) 6.30 3.7 3.7 3.7 3.7 4.1
Government Debt to GDP (% of GDP) 82.70 67 67 67 67 63
Government Budget (% of GDP) -11.20 -7.6 -7.6 -7.6 -7.6 -5.7
Corporate Tax Rate (%) 30.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) -8.70 6.5 4 4 4 1.7
GDP (USD Billion) 21.53 24 27 27 27 25.5
GDP per capita (USD) 13707.62 15100 15100 15100 15100 15250
GDP per capita PPP (USD) 23728.16 25500 25500 25500 25500 26300
GDP Growth Rate (%) 5.10 0.7 0.5 0.5 0.5 0.7

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 4.40 5.5 5.5 5.1 5.1 4.5
Population (Million) 1.37 1.37 1.37 1.37 1.37 1.38
Unemployed Persons (Thousand) 26.70 31 31 31 31 28.9

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 0.80 1.2 1.5 1.4 1.2 1.6
Producer Prices (points) 621.40 608 608 608 608 609
Food Inflation (%) 2.04 2.5 2 1.8 1.8 1.8
Consumer Price Index CPI (points) 109.90 110 114 111 111 113
Cpi Transportation (points) 107.30 108 108 109 109 110

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 3.50 3.5 3.5 3.5 3.5 3.5
Deposit Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Foreign Exchange Reserves (USD Million) 6672.10 7290 7350 7350 7350 7350
Banks Balance Sheet (TTD Million) 154387.00 149000 153000 153000 153000 155000

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Million) 31.60 720 1275 1275 1275 1113
Current Account (USD Million) -250.10 200 150 150 150 150
Current Account to GDP (% of GDP) 6.30 3.7 3.7 3.7 3.7 4.1
Imports (USD Million) 1288.80 1550 1550 1550 1550 1587
Exports (USD Million) 1320.50 2500 2700 2700 2700 2700
External Debt (TTD Million) 31365.30 30000 30000 30000 30000 30000

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 82.70 67 67 67 67 63
Government Budget (% of GDP) -11.20 -7.6 -7.6 -7.6 -7.6 -5.7
Military Expenditure (USD Million) 157.00 210 210 220 220 220
Government Budget Value (TTD Million) -1688.60 700 700 700 700 700
Government Debt (TTD Million) 104755.00 102100 101500 101500 101500 101500
Government Revenues (TTD Million) 3710.70 3100 3200 3200 3200 4000
Fiscal Expenditure (TTD Million) 3792.40 4800 4600 4600 4600 4000

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 30.00 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 2022
Industrial Production (%) 1.10 8.5 2.1 2.1 2.1 2.5
Industrial Production Mom (%) 3.10 1.3 1.1 1.1 1.1 0.5
Capacity Utilization (%) 60.40 65 67.5 67.5 67.5 67.5
Cement Production (Tonnes) 66326.00 63500 64000 64000 64000 65000

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Credit (TTD Million) 37040.20 39351 38746 38522 38522 39404
Private Sector Credit (TTD Million) 66678.50 64836 66077 67736 70114 67429
Gasoline Prices (USD/Liter) 0.52 0.49 0.47 0.45 0.42 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.