Trinidad and Tobago: economy

What is the GDP growth rate of Trinidad and Tobago?

Trinidad and Tobago's real GDP fell 0.5% in 2025, according to the Central Statistical Office (CSO) figures reported in the Ministry of Finance's Review of the Economy 2026, published in October 2026. Energy sector output rose 0.6% and the non-energy sector 0.5%, but a fall in taxes less subsidies on products, which in Trinidad and Tobago consists of VAT, outweighed them.

The CSO's quarterly data show real GDP at basic prices 1.8% lower in January to March 2026 than a year earlier, with energy down 2.8% and non-energy down 1.4%. The ministry projects a 2.2% fall in real output for 2026, mainly from lower energy activity.

Official sources: Ministry of Finance: Review of the Economy 2026 (PDF) · Ministry of Finance: Review of the Economy 2026 page

What is the inflation rate in Trinidad and Tobago?

Headline inflation in Trinidad and Tobago was 0.6% in July 2026, with food inflation at 1.7% and core inflation at 0.2%, according to the Central Bank's monetary policy announcement of 30 September 2026, citing CSO data. The CSO's Consumer Price Index page shows a rate of 0.3% for June 2026.

Inflation is the change in the CSO's All Items Consumer Price Index over the same month a year earlier. The Ministry of Finance's Review of the Economy 2026 notes it has stayed below 1.0% since October 2025. Core inflation excludes food and non-alcoholic drinks.

Official sources: Central Bank: Monetary Policy Announcement, September 2026 (PDF) · CSO: Consumer Price Index

What is the GDP per capita of Trinidad and Tobago?

GDP per person in Trinidad and Tobago was about US$18,967 in 2025 at current prices, according to the World Bank. The CSO's provisional estimate of nominal GDP for 2025 was TT$174,967.0 million, according to the Ministry of Finance's Review of the Economy 2026.

The ministry projects nominal GDP to rise about 3.5% to TT$181,140.5 million in 2026, helped by higher oil and gas prices, even as real output falls. GDP per capita is sensitive to energy prices because oil and gas make up a large share of output.

Official sources: World Bank: GDP per capita, Trinidad and Tobago · Ministry of Finance: Review of the Economy 2026 (PDF)

What is the interest rate in Trinidad and Tobago?

The Central Bank of Trinidad and Tobago kept its repo rate at 3.50% at its monetary policy announcement of 30 September 2026. The Bank reported that interest rates on new mortgages rose to 5.33% in the period to June 2026, from 5.24% in the first quarter.

The repo rate is the Central Bank's main policy rate; the Bank reported headline inflation of 0.6% in July 2026 when it held the rate. The Bank lists past decisions and its announcement calendar on its monetary policy announcements page.

Official sources: Central Bank: Monetary Policy Announcement, September 2026 (PDF) · Central Bank: Monetary policy announcements

How much oil and gas does Trinidad and Tobago produce?

Crude oil production in Trinidad and Tobago averaged 45,058 barrels a day in October 2025 to May 2026, 0.4% less than in the same period a year earlier, while condensate rose 35.0% to 9,647 barrels a day, according to the Ministry of Finance's Review of the Economy 2026. Natural gas output averaged 2,442.1 million standard cubic feet a day in the first eight months of fiscal 2026, down 5.1%.

The ministry attributes the lower gas output mainly to lower volumes from BPTT, Shell and Proman Energy. Fiscal years run from October to September.

Official sources: Ministry of Finance: Review of the Economy 2026 (PDF)

How fast is Trinidad and Tobago's economy growing?

The latest figure from the World Bank, for 2025, is -0.8%. Its high point since 2005 was 2006, at 13.2%; its low point was 2020, at -8.8%. It is 29th highest of 31 in Latin America & Caribbean, where the median is 2.7%. World rank, highest first: 174th of 180.

What is GDP per capita in Trinidad and Tobago?

The latest figure from the World Bank, for 2025, is $18,967. Since 2005 it has ranged from $12,346 (2005) to $21,908 (2014). Latin America & Caribbean median: $10,989; Trinidad and Tobago is 8th highest of 31. Worldwide: 56th of 180.

What is Trinidad and Tobago's GDP per capita at PPP?

In 2025, GDP per person at purchasing power parity in Trinidad and Tobago was $37,121 in international dollars, according to the World Bank. It is the top of the series, which starts in 2005. Across Latin America & Caribbean the middle value was $22,756 in international dollars, and Trinidad and Tobago placed 5th highest of 30. Of 179 countries with 2025 data, 55th highest.

Does Trinidad and Tobago earn more abroad than it spends?

The IMF puts the current account balance in Trinidad and Tobago at 5.0% of GDP in 2025. The peak was 38.8% of GDP in 2006 and the low -6.6% of GDP in 2020. It is 2nd highest of 27 in Latin America & Caribbean, where the median is -1.2% of GDP. Worldwide: 21st of 132.

How much foreign investment does Trinidad and Tobago receive?

In 2025, net inflows of foreign direct investment in Trinidad and Tobago was -3.1% of GDP, according to the IMF. The peak was 10.0% of GDP in 2008 and the low -7.0% of GDP in 2012. Latin America & Caribbean median: 2.5% of GDP; Trinidad and Tobago is 31st highest of 31. World rank, highest first: 174th of 179.

What interest rate do banks charge in Trinidad and Tobago?

7.5%: that is the average bank lending rate in Trinidad and Tobago for 2025, according to the IMF. The peak was 12.4% in 2008 and the low 6.6% in 2020. Latin America & Caribbean median: 8.8%; Trinidad and Tobago is 15th highest of 23. Worldwide: 50th of 73.