General Information
Fuels and minerals represent 26% of exports. Tourism income exceeds the value of goods exports.
(Sources: Trademap, ECLAC, WTO)
Gross Domestic Product (GDP) | % of regional GDP | GDP per head |
USD 5,207millions |
0.1%
|
USD 18,133
|
Economic Statistics (years 2016 - forecast 2021)
National Accounts | 2016 | 2017 | 2018 | 2019 | f.2020 | f.2021 |
GDP growth (%) | 2.5% | 0.5% | -0.6% | -0.1% | -7.6% | 7.1% |
Nominal GDP (USD millions) | 4,841 | 4,990 | 5,145 | 5,207 | 4,811 | 5,153 |
GDP per Head (USD) | 16,985 | 17,463 | 17,961 | 18,133 | 16,755 | 17,944 |
Inflation (%) | 3.8% | 6.6% | 0.6% | 7.2% | 0.7% | 2.4% |
Fiscal Balance (% GDP) | -5.3% | -4.3% | -0.3% | 3.5% | -0.6% | 1.0% |
General Govt. gross debt (% GDP) | 149.1% | 157.5% | 124.5% | 117.3% | 122.3% | 118.3% |
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) | 2016 | 2017 | 2018 | 2019 | f.2020 | f.2021 |
Exports of Goods | 464 | 446 | 446 | 453 | 413 | 421 |
Exports growth (%) | 9.8% | -4.0% | 0.1% | 1.6% | -8.9% | 2.2% |
Imports of Goods | 1,519 | 1,427 | 1,384 | 1,416 | 1,234 | 1,273 |
Imports growth (%) | 7.4% | -6.1% | -3.0% | 2.3% | -12.9% | 3.2% |
Foreign Trade (% GDP) | 45% | 42% | 40% | 40% | 41% | 33% |
Current Account Balance | -206 | -189 | -204 | -187 | -374 | -287 |
% GDP | -4.3% | -3.8% | -4.0% | -3.6% | -7.8% | -5.6% |
Foreign Direct Investment | 104 | 133 | 144 | 154 | 72 | 77 |
% GDP | 2.1% | 2.7% | 2.8% | 3.0% | 1.5% | 1.5% |