REVIEW OF THE ECONOMY 2013
4
SUSTAINING GROWTH, SECURING PROSPERITY
Table 1:
Macroeconomic Indicators for Selected Economies
12
Table 2:
Macroeconomic Indicators for Selected CARICOM Economies
16
Table 3:
Oil and Gas Prices
22
Table 4:
Trinidad and Tobago Credit Rating History: 2005-2013 by Moody’s Investors Service 43
Table 5:
Trinidad and Tobago Credit Rating History: 2005 -2013 By Standard & Poor’s Ratings
Services
44
Table 6:
Trinidad and Tobago Credit Rating History: 2007 – 2013 By CariCRIS
45
Table 7:
Cash Statement of Operations of the Rest of the Non-Financial Public Sector
48
Table 8:
Commercial Banks and Non-Bank Financial Institutions’ Foreign Currency Sales and
Purchases (US$ Mn.)
50
Table 9:
Total Registrants
54
Table 10:
Summary Balance of Payments (US$ million)
60
LIST OF FIGURES
LIST OF TABLES
Figure 1:
Development and Exploratory Drilling
22
Figure 2:
Natural Gas Production and Utilisation
23
Figure 3:
Exports of LNG by Destination
24
Figure 4:
Petrochemical Prices (Ammonia, Urea and Methanol)
25
Figure 5:
Production, Exports and Local Sales of Iron and Steel
28
Figure 6:
Cement Production, Export and Local Sales
29
Figure 7:
Prices – Percentage Change (Year-on-Year)
32
Figure 8:
Distribution of Unemployed Persons by Age Group (2012)
34
Figure 9:
Central Government Fiscal Operations
36
Figure 10:
Central Government Revenue
37
Figure 11:
Central Government Expenditure
39
Figure 12:
Recurrent Expenditure Major Components
39
Figure 13:
Public Sector Debt and Debt Servicing
40
Figure 14:
Exchange Rates – Buying Rate (TT$ per US$)
50
Figure 15:
Repo Rate and Prime Interest Rates
52
Figure 16:
Commercial Banks’ weighted average deposit and loan spread
52
Figure 17:
Liquidity Indicators
53
Figure 18:
Comparative Analysis – Market Share
56
CONTENTS
