Investment in Trinidad and Tobago
Trinidad and Tobago - InvestmentThe economy likely contracted sharply in Q2 amid social distancing measures and a softened energy sector. Looking at the third quarter, domestic momentum seemed to pick up as both cement and motor vehicle sales were significantly higher compared to the previous quarter, suggesting stronger construction activity and private consumption, respectively. That said, the vital energy industry likely lost steam as production of liquefied natural gas fell well below Q2’s monthly average in Q3, while the chemicals industry also showed weakness, as ammonia and fertilizer exports were below Q2’s monthly average in July–August. In other news, some restrictions were lifted on 26 October, including the reopening of gyms, cinemas, casinos and theaters at 50% capacity, boding well for recovery in the fourth quarter.
Trinidad & Tobago - Investment Data
|Investment (annual variation in %)||-31.5||-||-||-||-|
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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