Current Account Balance in Trinidad and Tobago
The current account balance in Trinidad and Tobago averaged 7.9% of GDP in the decade leading to 2022, above the Central America and Caribbean region's average of -1.5% of GDP. The 2022 reading for Trinidad and Tobago was 19.3% of GDP. For more current account information, visit our dedicated page.
Trinidad and Tobago Current Account Chart
Note: This chart displays Current Account (% of GDP) for Trinidad and Tobago from 2013 to 2023.
Source: Macrobond.
Trinidad and Tobago Current Account Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Current Account Balance (% of GDP) | 4.3 | -6.5 | 10.7 | 17.5 | 12.1 |
| Current Account Balance (USD bn) | 1.0 | -1.4 | 2.6 | 5.2 | 3.4 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Trinidadian current account projections for the next ten years from a panel of 6 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable current account forecast available for Trinidadian current account.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Trinidadian current account projections.
Want to get access to the full dataset of Trinidadian current account forecasts? Send an email to info@focus-economics.com.