General Information

Fuels and minerals represent 23.9% of exports. Tourism income exceeds the value of goods exports.
(Sources: ECLAC, WTO)

Gross Domestic Product (GDP) % of regional GDP GDP per head

USD 5,018

millions

0.1%

 

USD 17,859

 

Economic Statistics (years 2014 - forecast 2019)

National Accounts 2014 2015 2016 2017 f.2018 f.2019
             
GDP growth (%) 0.1% 1.0% 1.6% 0.9% 0.5% 0.8%
Nominal GDP (USD millions) 4,671 4,695 4,764 5,018 5,317 5,516
GDP per Head (USD) 16,739 16,784 16,993 17,859 18,855 19,560
Inflation (%) 2.4% -2.5% 3.8% 6.6% 2.2% 3.5%
Fiscal Balance (% GDP) -1.8% -3.2% 0.2% 1.2% 2.1% 1.8%
General Govt. gross debt (% GDP) 100.0% 106.7% 107.9% 107.5% 108.9% 108.9%

Trade Statistics

Foreign Trade - Composition        
           
Exports     Imports    
           
By countries     By countries  
US 18.2%   US   33.0%
Trinidad and Tobago 11.5%   Trinidad and Tobago 26.2%
European Union 6.6%   European Union 11.3%
Guyana 4.6%   Suriname   4.9%
           
By products     By products  
Manufactures 44.6%   Manufactures 51.0%
Fuels and mining prod. 33.5%   Fuels and mining prod. 28.1%
Agricultural products 21.6%   Agricultural products 20.9%
           

Balance of Payments (USD millions) 2014 2015 2016 2017 f.2018 f.2019
             
Exports of Goods 435 483 510 534 553 577
Exports growth (%) -4.8% 11.0% 5.6% 4.7% 3.6% 4.2%
Imports of Goods 1,739 1,618 1,650 1,712 1,789 1,879
Imports growth (%) -1.1% -7.0% 2.0% 3.8% 4.5% 5.0%
Foreign Trade (% GDP) 0 0 0 0 0 0
             
Current Account Balance -433 -289 -208 -184 -160 -161
% GDP -9.3% -6.1% -4.4% -3.7% -3.0% -2.9%
Foreign Direct Investment 649 254 107 142 154 160
% GDP 13.9% 5.4% 2.3% 2.8% 2.9% 2.9%

Disclaimer

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