Fiscal Balance in Trinidad and Tobago
Trinidad and Tobago - Fiscal BalanceThe 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 - 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||6.77||0.39 %||May 13|
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