Trinidad and Tobago

Thanks to the upturn in the global economy, real GDP expanded by 2.5% in Trinidad and Tobago in 2010. This was a significant improvement over 2009, when the economy contracted by 3.5%. The energy sector’s performance was much better than in 2009, while the non-energy sector remained flat. Inflation also posed a challenge to the authorities, increasing to 13.4% year-on-year (compared with 1.3% at the end of 2009) as a result of domestic supply-side shocks. Nevertheless, by early 2011, the inflation rate started to trend downward. Prospects for a sustained recovery in economic growth still remain weak and growth of 2% is forecast for 2011.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions