Review of the Economy

Trinidad and Tobago’s economy continues to gain momentum and is expected to expand in real terms by 1.9 percent in calendar 2014, following growth of 1.7 percent in 2013. This outlook is premised on a projected 1.0 percent in the Petroleum sector complimented by a 2.5 percent expansion in the non-petroleum sector. The services sub-sector, with 51.8 percent, continues to be the largest contributor to non-petroleum GDP.