Fiscal Balance in Trinidad and Tobago
Trinidad and Tobago - Fiscal BalanceRecent 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 - 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|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.