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 5,207

millions

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%

Disclaimer

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