GDP in Trinidad and Tobago

Trinidad & Tobago GDP | Economic News & Forecasts

Trinidad and Tobago - GDP

The economy should have perked up in the tail-end of last year but likely remained uninspiring nonetheless. Momentum in the oil and gas sector carried over into Q4 thanks to a strong rebound in crude oil production growth in October and November. Moreover, the non-energy private sector should have gained some impetus in Q4 after a reasonably upbeat Q3. Boding well for private consumption, household credit growth was healthy in October–November, the government hiked the minimum wage at the start of December, and domestic price pressures were mild in Q4. The outlook for the first quarter of 2020, however, looks less positive. Oil and gas prices plunged as a consequence of the coronavirus outbreak, which will likely weigh on merchandise exports at a time when low oil prices are already discouraging investment into the energy sector.

Trinidad & Tobago - GDP Data

2014   2015   2016   2017   2018  
Economic Growth (GDP, annual variation in %)-1.0  1.8  -6.5  -1.9  1.9  

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Trinidad & Tobago Facts

Value Change Date
Exchange Rate6.760.39 %Jan 01

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