WASHINGTON, April 19, 2019 — As part of its forecasting exercise, the World Bank estimates for real GDP growth in Trinidad and Tobago for 2018 have been revised from -1 percent to +0.7 percent. This revision takes into account recently released data of quarterly sectoral GDP, non-energy production in the last quarter of 2018 indicating a faster pace of economic activity than previously estimated, and updated figures for the 2018 annual oil and gas production.
Accordingly, the country’s 2019 World Bank forecast for GDP growth has been revised from -0.5 to +0.9 percent.
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