Fiscal Balance in Trinidad and Tobago
Trinidad and Tobago - Fiscal BalanceAfter a poor performance in H1 last year, mainly due to weak construction, mining and manufacturing activity, output should have bounced back in H2, with GDP likely rebounding in the third quarter: The government eased some restrictions in mid-July, spurring the domestic market as motor vehicle sales recovered in the quarter. Meanwhile, credit to the private sector by commercial banks remained high in the quarter. However, LNG output remained relatively downbeat in the period, at roughly half of 2020’s level. Turning to Q4, data is more upbeat: LNG production soared in October–November, which, together with higher energy prices, suggests a solid energy sector. Meanwhile, authorities lifted the nightly curfew on 17 November, boding well for activity ahead. That said, new vehicle registrations were down from Q3 in the fourth quarter.
Trinidad & Tobago - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-1.7||-5.3||-8.9||-3.6||-2.4|
5 years of economic forecasts for more than 30 economic indicators.
Trinidad & Tobago Facts
|Exchange Rate||6.76||0.39 %||Jan 01|
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