Markets Actual Q4 Q1 Q2 Q3 2022
Currency 6.76 6.78 6.81 6.83 6.86 6.9

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) -7.70 4 4 3 2 1.7
Unemployment Rate (%) 5.10 5.5 5.1 5.1 4.7 4.5
Inflation Rate (%) 2.20 1.5 1.4 1.2 1.5 1.6
Interest Rate (%) 3.50 3.5 3.5 3.5 3.5 3.5
Balance of Trade (USD Million) 259.00 1275 1185 1150 1150 1113
Current Account (USD Million) -2.00 150 150 150 150 150
Current Account to GDP (% of GDP) 2.30 3 2.8 2.8 2.8 2.8
Government Debt to GDP (% of GDP) 82.70 83 75 75 75 75
Government Budget (% of GDP) -11.20 -7.6 -7.6 -7.6 -7.6 -5.7
Corporate Tax Rate (%) 30.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) -7.70 4 4 3 2 1.7
GDP (USD Billion) 21.53 27 27 27 27 25.5
GDP per capita (USD) 13707.62 14200 14700 14700 14700 14700
GDP per capita PPP (USD) 23728.16 24300 24900 24900 24900 24900
GDP Growth Rate (%) 5.10 0.5 0.5 0.5 0.5 0.7

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 5.10 5.5 5.1 5.1 4.7 4.5
Population (Million) 1.37 1.37 1.37 1.37 1.37 1.38
Unemployed Persons (Thousand) 31.10 31 31 31 31 28.9

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 2.20 1.5 1.4 1.2 1.5 1.6
Producer Prices (points) 620.10 622 624 623 623 625
Food Inflation (%) 4.90 3 1.8 1.8 1.8 1.8
Consumer Price Index CPI (points) 111.40 111 111 112 113 113
Cpi Transportation (points) 108.40 114 108 110 110 110

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 3.50 3.5 3.5 3.5 3.5 3.5
Deposit Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Foreign Exchange Reserves (USD Million) 7126.10 7350 7350 7350 7350 7350
Banks Balance Sheet (TTD Million) 155091.00 153000 153000 153000 153000 155000

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Million) 259.00 1275 1185 1150 1150 1113
Current Account (USD Million) -2.00 150 150 150 150 150
Current Account to GDP (% of GDP) 2.30 3 2.8 2.8 2.8 2.8
Imports (USD Million) 1385.60 1550 1550 1550 1550 1587
Exports (USD Million) 1644.60 2700 2700 2700 2700 2700
External Debt (TTD Million) 31347.10 30000 30000 30000 30000 30000

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 82.70 83 75 75 75 75
Government Budget (% of GDP) -11.20 -7.6 -7.6 -7.6 -7.6 -5.7
Military Expenditure (USD Million) 157.00 210 220 220 220 220
Government Budget Value (TTD Million) -32.40 700 -1400 -1400 -1400 0
Government Debt (TTD Million) 105584.00 101500 101500 101500 101500 101500
Government Revenues (TTD Million) 3719.20 3200 3200 3200 3200 4000
Fiscal Expenditure (TTD Million) 3751.60 4600 4600 4600 4600 4000

Taxes Actual Q4 Q1 Q2 Q3 2022
Corporate Tax Rate (%) 30.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
Sales Tax Rate (%) 12.50 12.5 12.5 12.5 12.5 12.5

Business Actual Q4 Q1 Q2 Q3 2022
Industrial Production (%) 10.40 2.1 2.1 2.1 2.1 2.5
Industrial Production Mom (%) 3.00 1.1 1.1 1.1 1.1 0.5
Capacity Utilization (%) 62.60 67.5 67.5 67.5 67.5 67.5
Cement Production (Tonnes) 50429.00 64000 64000 64000 64000 65000

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Credit (TTD Million) 36745.50 38746 38522 37695 37480 39404
Private Sector Credit (TTD Million) 66342.90 67690 68913 69204 68333 70084
Gasoline Prices (USD/Liter) 0.59 0.56 0.53 0.51 0.48 0.46


This page has economic forecasts for Trinidad and Tobago including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Trinidad and Tobago economy.