Current Account Balance: Trinidad and Tobago
Trinidad and Tobago's current account balance is currently 2.9 % of GDP as of 2026. # Trinidad and Tobago Current Account Balance Trinidad and Tobago's current account balance stands at 2.
Current (2026)
2.9 % of GDP
-40.8% y/y
Peak (2006)
38.3 % of GDP
Low (1983)
-12 % of GDP
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Current Account Balance — Trinidad and Tobago
1980 — 2026
Current Account Balance — Trinidad and Tobago
Analysis# Trinidad and Tobago Current Account Balance
Trinidad and Tobago's current account balance stands at 2.9% of GDP in 2026, a sharp decline from the nation's all-time peak of 38.3% in 2006. Since 1980, the metric has fallen 48.2 percentage points, reflecting structural shifts in the economy. The current reading sits well above the historic low of -12% recorded in 1983, yet reveals a country far removed from its oil-boom era surpluses.
The past decade demonstrates volatile swings tied to commodity price fluctuations. A dramatic collapse occurred in 2020 (-6.5%), followed by a strong rebound in 2021-2022 when the balance reached 17.5%. Recent years show a consistent downward trajectory: from 11.8% in 2023 to 4.8% in 2024 and 2.9% projected for 2026. This contraction suggests weakening external conditions or reduced resource revenues, signaling continued pressure on Trinidad and Tobago's external position ahead.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 7 % of GDP | +0.00% |
| 2029 | 7 % of GDP | +7.69% |
| 2028 | 6.5 % of GDP | +35.42% |
| 2027 | 4.8 % of GDP | +65.52% |
| 2026 | 2.9 % of GDP | -40.82% |
| 2025 | 4.9 % of GDP | +2.08% |
| 2024 | 4.8 % of GDP | -59.32% |
| 2023 | 11.8 % of GDP | -32.57% |
| 2022 | 17.5 % of GDP | +60.55% |
| 2021 | 10.9 % of GDP | +267.69% |
| 2020 | -6.5 % of GDP | -251.16% |
| 2019 | 4.3 % of GDP | -36.76% |
| 2018 | 6.8 % of GDP | +15.25% |
| 2017 | 5.9 % of GDP | +278.79% |
| 2016 | -3.3 % of GDP | -142.86% |
| 2015 | 7.7 % of GDP | -45.39% |
| 2014 | 14.1 % of GDP | -27.69% |
| 2013 | 19.5 % of GDP | +37.32% |
| 2012 | 14.2 % of GDP | -22.40% |
| 2011 | 18.3 % of GDP | -1.08% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 18.5 % of GDP | +120.24% |
| 2009 | 8.4 % of GDP | -72.09% |
| 2008 | 30.1 % of GDP | +27.54% |
| 2007 | 23.6 % of GDP | -38.38% |
| 2006 | 38.3 % of GDP | +59.58% |
| 2005 | 24 % of GDP | +80.45% |
| 2004 | 13.3 % of GDP | +54.65% |
| 2003 | 8.6 % of GDP | +975.00% |
| 2002 | 0.8 % of GDP | -82.61% |
| 2001 | 4.6 % of GDP | -30.30% |
| 2000 | 6.6 % of GDP | +1550.00% |
| 1999 | 0.4 % of GDP | +103.81% |
| 1998 | -10.5 % of GDP | +0.00% |
| 1997 | -10.5 % of GDP | -683.33% |
| 1996 | 1.8 % of GDP | -66.67% |
| 1995 | 5.4 % of GDP | +25.58% |
| 1994 | 4.3 % of GDP | +79.17% |
| 1993 | 2.4 % of GDP | -4.00% |
| 1992 | 2.5 % of GDP | +2600.00% |
| 1991 | -0.1 % of GDP | -101.12% |
| 1990 | 8.9 % of GDP | +1088.89% |
| 1989 | -0.9 % of GDP | +52.63% |
| 1988 | -1.9 % of GDP | +58.70% |
| 1987 | -4.6 % of GDP | +45.24% |
| 1986 | -8.4 % of GDP | -1300.00% |
| 1985 | -0.6 % of GDP | +89.83% |
| 1984 | -5.9 % of GDP | +50.83% |
| 1983 | -12 % of GDP | -66.67% |
| 1982 | -7.2 % of GDP | -224.14% |
| 1981 | 5.8 % of GDP | +3.57% |
| 1980 | 5.6 % of GDP | — |
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