International Monetary Fund. External Relations Dept.
In 2005, Trinidad and Tobago’s economy grew by about 8 percent, underpinned by strong growth in the energy sector, according to the IMF’s annual economic review. The nonenergy sector, also vibrant, expanded by 7¾ percent, thanks to public infrastructure spending and rapid credit growth that fueled private spending. With global energy prices still high, the economy is on pace to expand by 12½ in real terms in 2006.