Macroeconomic Forecast Trinidad & Tobago

May 2007 | Macroeconomic Forecasts

Trinidad's robust current account position will remain robust moving forward, thanks to continued growth in energy export volumes, particularly for liquefied natural gas, and slower import growth, as domestic demand cools from recent highs. The current account surplus is impressively strong, reaching an estimated 20% of GDP in 2006. It should remain around this level in 2007, before easing slightly thereafter as the external outlook softens and international energy commodity prices moderate. It will nonetheless remain in strong surplus over the medium term. International reserves are also at record high levels (US$6.76bn at end-2006), amid strong inflows of export revenues,

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