Trinidad and Tobago | Economic Forecasts | 2013-2015 Outlook

Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Markets Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Currency 6.44 Apr-14 6.42 May-14 6.4 6.41 6.41 6.41 6.41 6.41 6.41 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
GDP Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
GDP 23.99 Dec-12 26.31 Jun-14 24.31 24.33 24.34 24.35 25.87 29.1 40.88 [+]
GDP Annual Growth Rate -0.50 Sep-13 -1.07 Jun-14 -1.07 -0.32 -0.55 -1.37 0.15 2.75 2.75 [+]
GDP per capita 14004.05 Dec-12 13893 Jun-14 14149 14166 14181 14195 15104 17091 24028 [+]
GDP per capita PPP 22965.90 Dec-12 22784 Jun-14 23204 23232 23256 23279 24770 28029 39404 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Labour Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Population 1.34 Dec-12 1.34 Jun-14 1.35 1.35 1.35 1.35 1.35 1.36 1.36 [+]
Unemployment Rate 4.80 Sep-13 4.87 Jun-14 4.87 4.77 4.87 5.1 4.87 4.87 6.37 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Prices Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Inflation Rate 3.90 Feb-14 3.59 Jun-14 2.86 2.83 3.43 3.92 3.91 3.78 3.64 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Money Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Interest Rate 2.75 Mar-14 2.75 Jun-14 2.77 2.79 2.82 2.85 2.93 3.47 4.55 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Trade Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Balance of Trade 2549.20 Sep-13 1792 Jun-14 1992 1929 1745 1632 1964 2528 4990 [+]
Current Account 2247.50 Aug-13 1798 Jun-14 1798 1681 1498 1396 1575 1577 1574 [+]
Current Account to GDP 14.50 Dec-13 15.28 Jun-14 15.26 15.47 15.62 15.72 15.88 6.45 2.13 [+]
Exports 4243.70 Sep-13 3593 Jun-14 3593 3616 3491 3396 3953 5004 9867 [+]
Imports 1694.50 Sep-13 1601 Jun-14 1601 1687 1746 1764 1990 2476 4877 [+]
Remittances 129.00 Dec-12 127 Jun-14 127 127 127 127 126 125 125 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Government Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Credit Rating 70.00 [+]
Government Debt To GDP 41.20 Dec-13 43.23 Jun-14 42.84 43.5 44.08 44.58 45.71 47.73 47.85 [+]
Government Budget -2.60 Dec-13 -2.94 Jun-14 -2.98 -3.07 -3.12 -3.15 -3.19 -2.96 -2.71 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Taxes Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Corporate Tax Rate 25.00 Jan-14 25 Jun-14 25 25 25 25 25 25 25 [+]
Personal Income Tax Rate 25.00 Jan-14 25 Jun-14 25 25 25 25 25 25 25 [+]
Sales Tax Rate 15.00 Jan-14 15 Jun-14 15 15 15 15 15 15 15 [+]

Trading Economics forecasts are driven by our own analysts’ expectations and technically projected using an autoregressive integrated moving average (ARIMA) model. First, we model the past behaviour of a time series by using vast amounts of historical data. Then, we adjust the coefficients of the econometric model by taking into account, our own analyst’s assessments and future expectations. While we work hard to make our predictions accurate, please note that past performance of our forecast model is not necessarily indicative of future results. Moreover, please take into account that because countries publish their data releases in different dates and sometimes with significant delays we may have to project past data which has already some time but was not yet released by official sources. If you have any question please email us at contact@tradingeconomics.com



RELATED NEWS

Trinidad and Tobago Current Account at 2247.50 USD Million  
Trinidad and Tobago recorded a Current Account surplus of 2247.50 USD Million in the third quarter of 2013. Current Account in Trinidad and Tobago is reported by the Central Statistics Office, Trinidad and Tobago.
Trinidad and Tobago Government Debt To GDP at 41.20 Percent  
Trinidad and Tobago recorded a Government Debt to GDP of 41.20 percent of the country's Gross Domestic Product in 2013. Government Debt To GDP in Trinidad and Tobago is reported by the Central Bank of Trinidad and Tobago.
Trinidad and Tobago Balance of Trade at 2549.20 USD Million  
Trinidad and Tobago recorded a trade surplus of 2549.20 USD Million in the third quarter of 2013. Balance of Trade in Trinidad and Tobago is reported by the Central Bank of Trinidad and Tobago.
Trinidad and Tobago Exports at 4243.70 USD Million  
Exports in Trinidad and Tobago increased to 4243.70 USD Million in the third quarter of 2013 from 3052.90 USD Million in the second quarter of 2013. Exports in Trinidad and Tobago is reported by the Central Bank of Trinidad and Tobago.
Trinidad and Tobago Imports at 1694.50 USD Million  
Imports in Trinidad and Tobago decreased to 1694.50 USD Million in the third quarter of 2013 from 1781 USD Million in the second quarter of 2013. Imports in Trinidad and Tobago is reported by the Central Bank of Trinidad and Tobago.
Trinidad and Tobago Government Budget at -2.60 Percent of GDP  
Trinidad and Tobago recorded a Government Budget deficit equal to 2.60 percent of the country's Gross Domestic Product in 2013. Government Budget in Trinidad and Tobago is reported by the Central Statistical Office, Trinidad and Tobago.
Trinidad and Tobago Current Account to GDP at 14.50 Percent  
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 is reported by the Central Bank of Trinidad and Tobago.
Trinidad and Tobago Inflation Rate at 3.90 Percent  
The inflation rate in Trinidad and Tobago was recorded at 3.90 percent in February of 2014. Inflation Rate in Trinidad and Tobago is reported by the Central Statistical Office, Trinidad and Tobago.
Trinidad and Tobago Interest Rate at 2.75 Percent  
The benchmark interest rate in Trinidad and Tobago was last recorded at 2.75 percent. Interest Rate in Trinidad and Tobago is reported by the Central Bank of Trinidad and Tobago.
Trinidad And Tobago Personal Income Tax Rate at 25.00 percent  
The Personal Income Tax Rate in Trinidad And Tobago stands at 25 percent. Personal Income Tax Rate in Trinidad And Tobago is reported by the Inland Revenue Division.
MORE RELATED NEWS

LATEST NEWS

US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
Mexico Unemployment Rate Up to 4.8% in March  
Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.
Hong Kong Unemployment Rate Unchanged in March  
Hong Kong’ seasonally adjusted jobless rate remained steady at 3.1 percent for the third consecutive period in January to March of 2014, down from 3.5 percent a year earlier.
Hong Kong Inflation Rate Unchanged in March  
Hong Kong annual consumer prices rose 3.9 percent in March of 2014, the same rate recorded in February. In the first quarter of 2014, the inflation rate rose by 4.2 percent over a year earlier. The corresponding increase after netting out the effects of all Government's one-off relief measures was 3.8 percent.
China Cuts Reserve Ratio for Rural Banks  
The People's Bank of China decided to cut the reserve requirement ratio by 2 percentage points for rural commercial banks and by 0.5 percentage point for rural credit cooperatives, aiming to stimulate growth in some parts of the country. The cut will be effective from April 25th, 2014.
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This page includes economic forecasts for Trinidad and Tobago. 4/23/2014