Trinidad and Tobago: 2026 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Trinidad and Tobago

Trinidad and Tobago’s economy has been slowly recovering toward pre-pandemic levels with low inflation. The financial system appears well-capitalized and profitable with adequate liquidity and low non-performing loans. The current account balance remains in surplus, but the external position has weakened, and international reserves, while still at adequate levels, have declined. The fiscal position has deteriorated in recent years due to lower energy revenues and increased current spending, and public debt has risen. In April 2025, Trinidad and Tobago held general elections, and the opposition United National Congress (UNC) won a parliamentary majority.