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Trinidad and Tobago

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  • International Monetary Fund
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    Abstract

    This paper examines economic developments in Trinidad and Tobago during 1990–94. Economic activity in 1992–93 was severely affected by a fall in output in the oil/gas sector, a sharp drop in the average oil export price, and persisting weakness in the nonpetroleum sector. As a result, real GDP declined further by a cumulative 3½ percent in the two-year period, and unemployment rose to more than 20 percent. Real domestic expenditure fell by 3½ percent a year, with declines in both consumption and investment.

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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=494
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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Staff Country Reports with number 95/16.

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    Length: 162
    Date of creation: 14 Mar 1995
    Date of revision:
    Handle: RePEc:imf:imfscr:95/16

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    Cited by:
    1. International Monetary Fund, 2005. "Trinidad and tobago," IMF Working Papers 05/197, International Monetary Fund.

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