Trinidad and Tobago Current Account to GDP

Trinidad and Tobago recorded a Current Account surplus of 14.50 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Trinidad and Tobago averaged 5.39 Percent from 1975 until 2013, reaching an all time high of 38.59 Percent in 2006 and a record low of -12.14 Percent in 1983. Current Account to GDP in Trinidad and Tobago is reported by the Central Bank of Trinidad and Tobago.

   
 
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Trinidad and Tobago Current Account to GDP


Actual Previous Highest Lowest Dates Unit Frequency
14.50 4.10 38.59 -12.14 1975 - 2013 Percent Yearly
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. This page provides - Trinidad and Tobago Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Trade Last Previous Highest Lowest Unit
Balance of Trade -372.11 2549.20 3217.90 -378.70 USD Million [+]
Exports 2601.29 4243.70 5958.30 486.10 USD Million [+]
Imports 2973.40 1694.50 2973.40 415.70 USD Million [+]
Current Account -647.90 2247.50 2984.00 -2461.90 USD Million [+]
Current Account to GDP 14.50 4.10 38.59 -12.14 Percent [+]
Remittances 129.00 131.00 131.00 41.00 USD Million [+]
Gold Reserves 1.92 0.00 1.92 0.00 Tonnes [+]





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