IMF Staff Country Reports

Trinidad and Tobago: Staff Report for the Article IV Consultation

Publication Date:

July 1, 1999

Electronic Access:

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Summary:

This 1999 Article IV Consultation highlights that 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. Although 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, although rising food prices led to some pickup in 1998. The unemployment rate, although declining, remains high, at about 14 percent.

Series:

Country Report No. 1999/048

Subject:

Central banks Commercial banks Economic sectors External debt International reserves Oil prices Prices Public enterprises Public sector

Notes:

Contains the text of Public Information Notice No. 99/49- IMF Concludes Article IV Consultation with Trinidad & Tobago and a Statement by Mr. Portugal and Mr. Dhanpaul on Trinidad and Tobago on June 9, 1999.