International Reserves in Trinidad and Tobago
Trinidad and Tobago - International ReservesThe economy is seen languishing in a deep recession this year, amid low energy prices and disruptions created by the Covid-19 pandemic. Data for the first quarter revealed falling production of both crude oil and natural gas, while new motor vehicle sales plunged over 20% suggesting depressed household spending. Moreover, recently released data revealed that the economy flatlined in 2019. Contracting activity in the energy sector in the first half of the year weighed on the economy’s performance. In the political arena, on 3 July, Prime Minister Keith Rowley announced that the country will go to the polls for a general election on 10 August. Meanwhile, the World Bank approved USD 20 million in financing to help strength Trinidad and Tobago’s healthcare sector and the fight against Covid-19.
Trinidad & Tobago - International Reserves Data
|International Reserves (USD)||10.0||9.5||8.5||8.1||7.0|
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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