The twin-island nation of Trinidad and Tobago is located in the southern end of the Caribbean,...
Trinidad & Tobago
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Chapter | Country Profile from The Report: Trinidad & Tobago 2020
After three successive years of recession, Trinidad and Tobago’s growth is estimated to have remained flat during 2019, according to IMF data. However, a more significant expansion of 1.5% is expected for 2020 as both gas production and non-oil exports are set to increase.
In the face of more stringent environmental rules on shipping fuel, Trinidad and Tobago is moving to position itself as a regional centre for liquefied natural gas (LNG) bunkering.
Trinidad and Tobago has continued along the path of fiscal consolidation with the release of the country’s budget for 2020, delivered against a backdrop of subdued energy prices and calls for increased diversification.
Economic update | How Trinidad and Tobago’s approach to the Venezuelan crisis could benefit the economy
8 Aug 2019
As the political, economic and migration crisis rolls on in Venezuela, and a significant number of migrants continue to make their way to Trinidad and Tobago, the government and business figures are evaluating their potential impact.
An increase in gas production and new economic data has prompted major international institutions to update their economic projections for Trinidad and Tobago, with the country’s outlook for 2019 more positive than previously expected.