Trinidad and Tobago recorded a Current Account surplus of 2.30 percent of the country's Gross Domestic Product in 2020. source: Central Bank of Trinidad and Tobago

Current Account to GDP in Trinidad and Tobago averaged 5.05 percent of GDP from 1975 until 2020, reaching an all time high of 38.59 percent of GDP in 2006 and a record low of -12.14 percent of GDP in 1983. This page provides - Trinidad and Tobago Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Trinidad and Tobago Current Account to GDP - values, historical data and charts - was last updated on October of 2021.

Current Account to GDP in Trinidad and Tobago is expected to reach 3.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Trinidad and Tobago Current Account to GDP is projected to trend around 2.80 percent of GDP in 2022 and 2.50 percent of GDP in 2023, according to our econometric models.

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Trinidad and Tobago Current Account to GDP


Trinidad and Tobago Last Unit Reference Previous Highest Lowest
Balance of Trade 259.00 USD Million Dec/20 -5.80 3473.90 -396.00
Current Account to GDP 2.30 percent of GDP Dec/20 4.60 38.59 -12.14
Current Account -2.00 USD Million Dec/20 -306.40 2984.00 -2461.90
Exports 1644.60 USD Million Dec/20 1348.30 6226.80 486.10
Imports 1385.60 USD Million Dec/20 1354.10 3976.90 415.70
External Debt 31347.10 TTD Million Aug/21 31275.70 31947.60 6215.20


Trinidad and Tobago Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.