Money in Trinidad and Tobago
Trinidad and Tobago - Money
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 - Money Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Money (annual variation in %) | 13.1 | -1.4 | 3.2 | -2.1 | 3.1 |
Trinidad & Tobago Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 6.76 | 0.39 % | Jan 01 |
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