Trinidad and Tobago PESTLE Analysis & Macroeconomic Trends Market Research Report

Publication ID:

MRR0620001

Publication Date:

June 1, 2020

Pages:

Publisher:

91制片厂

Countries:

Trinidad & Tobago [1]

USD 350.00

Business & Government [2]

Country PESTEL Analysis [3]

Description:

Travel and tourism, transport, insurance and finance, ICT, petroleum gases, petroleum crude oil, acyclic alcohols, ammonia, nitrogenous fertilizers, cigars and cigarettes, cereal foods and textiles are major industries of Trinidad and Tobago. In 2017, Agriculture industry contributed 0.4% to GDP of Trinidad and Tobago. Manufacturing had a share of 47.8% while services industry had a share of 51.7% of GDP in 2017.

In 2017, Services industry exports was valued at USD 1.12 billion for Trinidad and Tobago. Electronics export accounted for USD 17.8 million, machinery for USD 111 million, chemicals for USD 3 billion, vehicles for USD 13.1 million, metals for USD 584 million, minerals for USD 4.82 billion, stones for USD 12.4 million, textiles for USD 20.3 million and agriculture for USD 395 million in 2017.

Trinidad and Tobago is well known as the home of lively living, with carnivals, steel bands and dancing regular events there. The islands lie close to the coast of Venezuela. Trinidad has a mountain range north of Port of Spain, while much of the rest of the island is flat. Tobago has some heavily wooded areas which include a protected rainforest as well as beaches.

Trinidad and Tobago is estimated to have population of 1.388 million in the year 2020 and expected to reach 1.411 million by 2024, growing at a CAGR of 0.41%.

Trinidad and Tobago鈥檚 real gross domestic product (GDP) was TTD 155.83 billion in 2019 and due to COVID-19 outbreak it is estimated to shrink by 4.54% to be around TTD 148.75 billion in 2020. Trinidad and Tobago鈥檚 unemployment rate was 4.96% of total labor force in 2019. Due to slowdown in global economic activity due to COVID-19 pandemic the unemployment is expected to increase by 1.59% and reach 5.04% in 2020. Unemployment is further estimated to increase in 2021 by 1.56% and reach 5.12% of total labor force in Trinidad and Tobago.

Trinidad and Tobago鈥檚 per capita GDP was estimated at USD 16,745.872 whereas purchasing power parity (PPP) based per capita GDP is estimated to be at USD 33,712.869for the year 2020.

In 2019, Trinidad and Tobago government鈥檚 revenue was estimated to be TTD 43.599 billion whereas the expenditure was estimated to be AUD 52.073 billion. This is expected to result in Trinidad and Tobago government鈥檚 net lending / borrowing negative at TTD 8.474 billion in 2019 indicating that enough financial resources will not made available by the government to boost economic growth.

The current account balance for Trinidad and Tobago was positive and estimated to be at USD 0.146 billion for the year 2019 and is expected to further decrease at a CAGR of 38.42% and reach USD 0.742 billion by 2024. This positive current account balance indicates the Trinidad and Tobago is a net lender to the whole world.

In World Bank鈥檚 ease of doing business ranking Trinidad and Tobago was ranked 105 out of 190 countries in 2019. Trinidad and Tobago鈥檚 ease of doing business ranking remained constant from 105th position in 2018.

Scope of Trinidad and Tobago 鈥� PESTLE Analysis and Macroeconomic Trends Report

This report provides information about key macroeconomic indicators for Trinidad and Tobago.
This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Trinidad and Tobago.
This report provides information on Coronavirus (COVID-19) pandemic related policy response of Trinidad and Tobago.

Table Of Contents:

1. Executive Summary

Scope of Trinidad and Tobago 鈥� PESTLE Analysis and Macroeconomic Trends Report

Research Methodology

2. Trinidad and Tobago - Country Overview

2.1 People Indicators

2.1.1 Population

2.1.2 Unemployment

2.2 National Accounts Indicators

2.2.1 Real Gross Domestic Product

2.2.2 Nominal Gross Domestic Product

2.2.3 Gross Domestic Product Deflator

2.2.4 Per Capita Gross Domestic Product

2.2.5 Purchasing-Power-Parity (PPP) Based Per Capita GDP

2.2.6 Gross National Savings

2.3 Monetary Indicators

2.3.1 Consumer Price Index (CPI) Inflation

2.4 Trade Indicators

2.4.1 Change in Import Volume of Goods & Services

2.4.2 Change in Export Volume of Goods & Services

2.5 Government Finance Indicators

2.5.1 Government Revenue

2.5.2 Government Expenditure

2.5.3 Government Net Lending / Borrowing

2.5.4 Government Gross Debt

2.5.5 Government Net Debt

2.6 Balance of Payment Indicators

2.6.1 Current Account Balance

2.7 Ease of Doing Business in Trinidad and Tobago

3. PESTLE Analysis of Trinidad and Tobago

3.1 Political Factors

3.2 Economic Factors

3.3 Social Factors

3.4 Technological Factors

3.5 Legal Factors

3.6 Environmental Factors

4. COVID-19 Related Policy Response of Trinidad and Tobago

4.1 Coronavirus (COVID-19) Related Employment Policy Measures by Trinidad and Tobago

4.2 Coronavirus (COVID-19) Related Social Policy Measures by Trinidad and Tobago

4.3 Coronavirus (COVID-19) Related Economic Policy Measures by Trinidad and Tobago

List of Exhibits

Notes

List of Exhibits

Exhibit 2.1 Population of Trinidad & Tobago (in millions)

Exhibit 2.2 Unemployment Level in Trinidad & Tobago (in %)

Exhibit 2.3 Real GDP of Trinidad & Tobago (in TTD billions)

Exhibit 2.4 Nominal GDP of Trinidad & Tobago (in TTD billions)

Exhibit 2.5 Nominal GDP of Trinidad & Tobago (in USD billions)

Exhibit 2.6 GDP Deflator Index for Trinidad & Tobago

Exhibit 2.7 Per Capita GDP of Trinidad & Tobago (in USD)

Exhibit 2.8 PPP Per Capita GDP of Trinidad & Tobago (in USD)

Exhibit 2.9 Gross National Savings of Trinidad & Tobago (in %)

Exhibit 2.10 Consumer Price Index (CPI) Inflation of Trinidad & Tobago

Exhibit 2.11 Change in Import Volume of Goods & Services of Trinidad & Tobago (in %)

Exhibit 2.12 Change in Export Volume of Goods & Services of Trinidad & Tobago (in %)

Exhibit 2.13 Government Revenue of Trinidad & Tobago (in TTD billions)

Exhibit 2.14 Government Revenue of Trinidad & Tobago (in % of GDP)

Exhibit 2.15 Government Expenditure of Trinidad & Tobago (in TTD billions)

Exhibit 2.17 Government Net Lending / Borrowing of Trinidad & Tobago (in TTD billions)

Exhibit 218 Government Net Lending / Borrowing of Trinidad & Tobago (in % of GDP)

Exhibit 2.19 Government Gross Debt of Trinidad & Tobago (in TTD billions)

Exhibit 2.20 Government Gross Debt of Trinidad & Tobago (in % of GDP)

Exhibit 2.21 Government Net Debt of Trinidad & Tobago (in TTD billions)

Exhibit 2.22 Government Net Debt of Trinidad & Tobago (in % of GDP)

Exhibit 2.23 Current Account Balance of Trinidad & Tobago (in USD billions)

Exhibit 2.24 Current Account Balance of Trinidad & Tobago (in % of GDP)

Exhibit 2.25 Trinidad and Tobago - Ease of Doing Business Ranking from 2008-2019

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