Trinidad and Tobago: Staff Report for the Article IV Consultation
IMF Staff Country Reports, July 1, 1999
Source details
- Canonical URL
- Trinidad and Tobago: Staff Report for the Article IV Consultation
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Bibliographic details
- Published: July 1, 1999
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451837568.002
Executive summary and recent performance
- After emerging from a prolonged period of decline in the 1980s, the economy of Trinidad and Tobago has performed well in recent years, with steady economic growth and low inflation.
- A sizable investment boom in the energy sector should contribute to faster growth in the coming years.
- A serious terms-of-trade shock in 1998 limited output growth.
- Inflation has declined to a relatively low level; rising food prices led to some pickup in 1998.
- The unemployment rate, although declining, remains high, at about 14 percent.
Key findings and macroeconomic indicators
- Terms-of-trade shock in 1998 constrained output growth.
- Energy-sector investment boom expected to support faster future growth.
- Inflation: generally low with a pickup in 1998 driven by food prices.
- Unemployment: about 14 percent (declining but still high).
Subject tags and keywords (as listed)
- Subject: Central banks, Commercial banks, Economic sectors, External debt, International reserves, Oil prices, Prices, Public enterprises, Public sector
- Keywords: Asia and Pacific, balance of payments, Caribbean, central bank, central government deficit, CR, current account, debt service, deficit, fiscal year, Global, IMF's article, International reserves, ISCR, Oil prices, private sector, Public enterprises, Public sector, report, revenue effect, terms of trade, trade-weighted index, Trinidad and Tobago economy
Source: International Monetary Fund. "Trinidad and Tobago: Staff Report for the Article IV Consultation", IMF Staff Country Reports 1999, 048 (1999), July 1, 1999. DOI: https://doi.org/10.5089/9781451837568.002
Content in this bundle
- Trinidad and Tobago: Staff Report for the Article IV Consultation/ ISCR/99/48
- Statement by Mr. Portugal and Mr. Dhanpaul on Trinidad and Tobago