Lewes, DE -- (SBWIRE) -- 12/15/2017 -- As per International Monetary Fund (IMF) Trinidad and Tobago's nominal gross domestic product is expected to grow at a CAGR of 3.8% from it's 2015 level of TTD 150.247 billion and reach TTD 195.033 billion by 2022.

Trinidad and Tobago is well known as the home of lively living, with carnivals, steel bands and dancing regular events there. The islands lie close to the coast of Venezuela. Trinidad has a mountain range north of Port of Spain, while much of the rest of the island is flat. Tobago has some heavily wooded areas which include a protected rainforest as well as beaches.

Trinidad & Tobago had estimated population of 1.367 million in the year 2016 and expected to reach 1.406 million by 2022. Trinidad & Tobagos unemployment rate was 4.1% of total labor force.

Trinidad & Tobagos real gross domestic product (GDP) was around TTD 89.266 billions in 2016 whereas the nominal GDP was TTD 139.876 billions. This resulted in GDP deflator 156.696. Per capita GDP was estimated at USD 15342.18 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 31870.29.

In 2016, Trinidad & Tobago governments revenue was estimated to be TTD 33.441 billions whereas the expenditure was estimated to be at TTD 53.45 billions. This resulted Trinidad & Tobago governments net lending / borrowing negative at TTD 20.01 billion in 2016 indicating that enough financial resources were made not available by the government to boost economic growth.

The current account balance for Trinidad & Tobago was estimated to be negative at USD 1.161 billions for the year 2016 and is expected to decline at a CAGR of 19.89% and reach USD 0.801 by 2022. This negative current account balance indicates the Trinidad & Tobago is net lender to the whole world.

Scope of the Trinidad & Tobagos PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Trinidad & Tobagos.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Trinidad & Tobagos.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Trinidad & Tobagos.
- These reports provide risk analysis for Trinidad & Tobagos.

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