Fiscal Balance in Trinidad and Tobago
Trinidad and Tobago - Fiscal BalanceThe economy likely lost momentum in the third quarter, as natural gas production was depressed by maintenance at multiple facilities and a high base effect given that BP’s Juniper project became operational in August 2017. Methanol production faced similar challenges due to repair work, while crude oil production was soft. Looking to the fourth quarter, central bank data revealed a mixed start to the quarter as annual growth of LNG and natural gas production was elevated in October, while oil production contracted. In December, BP gave a green light to two natural gas projects, which should support growth in the medium-term.
Trinidad & Tobago - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-2.9||-2.6||-1.7||-5.3||-8.5|
5 years of economic forecasts for more than 30 economic indicators.
Trinidad & Tobago Facts
|Exchange Rate||6.79||0.39 %||Jan 16|
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