Economic issues will persist in Trinidad and Tobago

Significance

According to the Fund, the country is undergoing a gradual and sustained economic recovery for the first time in a decade, building on the estimated 2.1% growth in GDP in 2023 and supported by the non-energy sector, particularly construction and manufacturing.

Impacts

• Continued upheaval in Venezuela may undermine prospects for some energy projects.
• Foreign exchange shortages will pose continuing problems for local businesses and neighbouring countries.
• Crime and climate issues may threaten continued recovery in the tourism sector, notably in Tobago where violent crime is rising.