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Trinidad
and Tobago: Selected Economic Indicators |
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1999 |
2000 |
2001 |
2002 |
2003 |
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(Annual
percentage changes) |
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Output and prices |
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Real GDP |
4.4 |
7.3 |
4.3 |
6.8 |
13.2 |
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Energy GDP |
11.6 |
12.4 |
5.6 |
13.5 |
31.2 |
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Unemployment rate (percent of labor force) |
13.1 |
12.2 |
10.8 |
10.2 |
10.2 |
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Consumer prices (end of period) |
3.4 |
5.6 |
3.2 |
4.3 |
3.0 |
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Money and credit 1/ |
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Net foreign assets |
3.1 |
19.5 |
9.1 |
2.5 |
4.8 |
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Net domestic assets |
2.5 |
-13.6 |
3.5 |
0.2 |
-2.9 |
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Public sector credit (net) |
-3.1 |
-17.6 |
-7.2 |
2.1 |
-9.9 |
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Private sector credit |
8.5 |
7.8 |
3.7 |
3.1 |
2.6 |
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Broad money (M3) |
5.6 |
5.9 |
12.6 |
2.7 |
2.0 |
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(In
percent of GDP, unless otherwise indicated) |
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Public finances 2/ |
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Budgetary revenue |
26.1 |
25.6 |
27.4 |
24.6 |
27.4 |
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Budgetary expenditure |
25.0 |
24.5 |
25.6 |
25.2 |
25.4 |
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Overall budget balance |
1.1 |
1.1 |
1.8 |
-0.6 |
2.0 |
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Overall non-energy budget balance |
-3.2 |
-6.6 |
-8.3 |
-7.3 |
-9.5 |
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Overall nonfinancial public sector balance |
... |
0.3 |
-1.1 |
-3.8 |
2.0 |
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Public sector debt |
59.2 |
55.1 |
56.3 |
60.1 |
56.2 |
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External sector |
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External public debt |
23.2 |
20.5 |
18.5 |
17.9 |
15.2 |
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Current account balance |
0.4 |
6.6 |
5.0 |
0.9 |
12.8 |
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Of which: exports |
41.2 |
52.4 |
48.5 |
44.0 |
49.5 |
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Of which: imports |
40.3 |
40.6 |
40.4 |
41.3 |
37.2 |
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Gross official reserves (millions of US$) |
968 |
1,406 |
1,876 |
1,924 |
2,258 |
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Terms of trade (percentage change, end of
period) |
27.4 |
20.7 |
-5.7 |
0.6 |
7.5 |
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Memorandum item: |
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Nominal GDP (in billions of TT$) |
42.9 |
51.4 |
55.0 |
55.4 |
66.2 |
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Sources: Authorities of Trinidad and Tobago; and
IMF staff estimates. 1/ Changes in percent of beginning-of-period
broad money. |
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