Current Account in Trinidad and Tobago

Trinidad & Tobago Current Account (USD bn) | Economic News & Forecasts

Trinidad and Tobago - Current Account (billions of U.S. Dollars)

Recent data hints at downbeat economic activity in the second quarter. Tighter restrictions in May–June were immediately felt by the domestic market, as evidenced by slumping vehicle sales during the period. Looking at production indicators, oil output remained strong in April–May, but LNG output contracted at a sharper pace in Q2, while cement production growth slowed in the same period. Turning to Q3, in mid-July authorities eased restrictions, relieving the domestic market as motor-vehicle sales recovered in July, after having nearly vanished in June. Moreover, restrictions were further eased from mid-August, namely in retail activities, boding well for the services sector. However, floods have ravaged the country throughout August, which will have limited the recovery. In other news, the US announced on 11 August the donation of 300,000 vaccines, boding well for the inoculation campaign.

Trinidad & Tobago - Current Account (USD bn) Data

2015   2016   2017   2018   2019  
Current Account Balance (USD bn)1.7  -1.0  1.2  1.4  -     

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Trinidad & Tobago Facts

Value Change Date
Exchange Rate6.760.39 %Jan 01

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