After two years of contraction, the Trinidad & Tobago economy is expected to have returned to growth in 2018, fuelled by increased energy sector returns and a recovery in strategic non-hydrocarbons sectors, including manufacturing and insurance.
The Americas Economy
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Economic update | Colombia: Resumen del año 2018
11 Jan 2019
La economía colombiana ha crecido de forma sostenida durante el 2018 gracias al aumento en las exportaciones de petróleo y la constante inversión en infraestructura, presentando una perspectiva positiva a corto y mediano plazo. Sin embargo, las dificultades existentes para aprobar leyes clave podrían socavar los esfuerzos que se realizan para cerrar la brecha fiscal en los próximos años.
Economic update | México: Resumen del año 2018
4 Jan 2019
Con un crecimiento modesto de su economía y afianzadas las relaciones comerciales con sus socios clave, México está listo para entrar al 2019 con buen pie. Sin embargo, prevalece un ambiente de incertidumbre sobre la dirección que tomarían las políticas del nuevo gobierno de izquierda y su posible impacto en las inversiones.
Economic update | Trinidad and Tobago emerges from recession with increased energy earnings and improved efficiency
1 Nov 2018
Stronger energy revenues, improved tax collection and a solid performance in the non-oil sector should combine to deliver Trinidad and Tobago’s first annual GDP growth since 2015, according to estimates in this fiscal year’s budget.
Articles & Analysis | Impacts of lower corporate tax rates on developed and developing economies from The Report: Trinidad & Tobago 2018
Recent decades have seen a downward convergence in corporate tax regimes as advanced, emerging and developing economies moved to grab a bigger slice of the global investment pie. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s. Alongside lower average rates, special tax incentives aimed at capturing...
Articles & Analysis | Trinidad and Tobago's FY 2018 budget introduces taxes to lower the fiscal deficit from The Report: Trinidad & Tobago 2018
Tax reform is a critical issue for Trinidad and Tobago, as the island nation struggles with ineffective collection and does not raise enough revenue to cover government expenditure. Statistics compiled by the OECD found that T&T collected tax revenue worth 22.9% of GDP in 2016, an amount in line with the 22.7% average of 25 Latin American...