Current Account in Trinidad and Tobago

Trinidad & Tobago Current Account | Economic News & Forecasts

Trinidad and Tobago - Current Account

The economy likely performed well in the first quarter. The Angelin project, which came online in late-February, will have supported LNG output growth, boding well for the energy and external sectors. Moreover, domestic cement sales bounced back in Q1 after contracting in Q4 2018; this suggests stronger construction activity, and was likely reinforced by government measures to support the housing sector. This followed a rebound in the economy for 2018 as a whole. The energy sector accelerated last year on the back of increased natural gas production from the Juniper project; however, the non-energy sector was flat, held back by tepid domestic demand and weakness in the manufacturing and construction sectors.

Trinidad & Tobago - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)20.3  14.7  4.6  -11.7  -     

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Trinidad & Tobago Facts

Exchange Rate6.770.39 %May 13

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