Trinidad and Tobago: Selected Issues

International Monetary Fund

No 1997/041, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper on Trinidad and Tobago highlights that real GDP growth accelerated slightly from 2.4 percent in 1995 to 3.2 percent in 1996. In both years, growth was mainly driven by a good performance of the non-oil sector, which expanded by 3 percent and 3.6 percent, respectively. Construction, distribution, and tourism grew at an especially rapid pace. Manufacturing showed an uneven performance, growing in 1995, but stagnating in 1996, which was owing to the differential effects of trade liberalization on its various subsectors.

Keywords: ISCR; CR; company; Trinidad and Tobago export trading Company Ltd.; public enterprise sector; Trinidad and Tobago methanol company; development finance Ltd; terms-of-trade deterioration; Real wages; Private investment; Bank deposits; Income; Currencies; Caribbean (search for similar items in EconPapers)
Pages: 132
Date: 1997-05-27
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Citations: View citations in EconPapers (3)

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