IMF Staff Country Reports

Trinidad and Tobago: Staff Report for the Article IV Consultation

July 1, 1999

Download PDF

Preview Citation

Format: Chicago

Trinidad and Tobago: Staff Report for the Article IV Consultation, (USA: International Monetary Fund, 1999) accessed September 18, 2024

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.

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

Publication Details

  • Pages:

    54

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 1999/048

  • Stock No:

    1TTOEA0011999

  • ISBN:

    9781451837568

  • ISSN:

    1934-7685

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.