Public Sector Investment Programme 2018

Trinidad and Tobago continues to navigate the challenging economic circumstance resulting from a significant decline in revenues primarily due to the low commodity prices in the energy sector. Although the economy has experienced three consecutive years of economic decline from 2014 to 2016, it is expected to have a modest recovery in 2017, with a projected growth in Gross Domestic Product (GDP) of 3.4 percent in 2018. However, Trinidad and Tobago will continue to remain heavily dependent on the energy sector and, therefore, vulnerable to exogenous shocks in energy prices, which remain an ever-present risk.

Source: Ministry of Planning and Development

Date Published: September 2017