General Information

Fuels and minerals represent 23.9% of exports. Tourism income exceeds the value of goods exports.
(Sources: ECLAC, WTO)

Gross Domestic Product (GDP) % of regional GDP GDP per head

USD 5,145

millions

0.1%

 

USD 17,961

 

Economic Statistics (years 2015 - forecast 2020)

National Accounts 2015 2016 2017 2018 f.2019 f.2020
             
GDP growth (%) 2.2% 2.3% -0.2% -0.5% -0.1% 0.6%
Nominal GDP (USD millions) 4,725 4,841 4,990 5,145 5,207 5,339
GDP per Head (USD) 16,626 16,985 17,463 17,961 18,133 18,543
Inflation (%) -2.5% 3.8% 6.6% 4.8% 1.5% 2.3%
Fiscal Balance (% GDP) -9.1% -5.3% -4.3% -0.2% 3.3% 2.9%
General Govt. gross debt (% GDP) 146.7% 149.1% 157.5% 124.5% 117.3% 110.1%

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) 2015 2016 2017 2018 f.2019 f.2020
             
Exports of Goods 483 530 509 510 518 527
Exports growth (%) 4.2% 9.8% -4.0% 0.1% 1.6% 1.9%
Imports of Goods 1,618 1,738 1,632 1,583 1,620 1,663
Imports growth (%) 6.9% 7.4% -6.1% -3.0% 2.3% 2.6%
Foreign Trade (% GDP) 0 0 0 0 0 0
             
Current Account Balance -289 -206 -189 -124 -64 -68
% GDP -6.1% -4.3% -3.8% -2.4% -1.2% -1.3%
Foreign Direct Investment 252 104 133 144 154 160
% GDP 5.3% 2.1% 2.7% 2.8% 3.0% 3.0%

Disclaimer

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