Trinidad and Tobago: Statistical Appendix

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Abstract

Table 1.

Trinidad and Tobago: GDP by Sectors of Origin at Constant 2000 Prices

Source: Central Statistical Office.

^{^1/}Sectoral constant prices GDP data for 2001 onwards is calculated using different methodology from previous years.

Table 1.

Trinidad and Tobago: GDP by Sectors of Origin at Constant 2000 Prices

			2001	2002	2003	2004	2005
Real GDP (2000 prices) ^1/			53,512	57,747	65,777	71,743	77,427
Energy sector			16,971	19,260	25,285	27,420	29,677
	Crude oil and gas production		9,573	11,003	14,364	15,551	17,246
	Refining, including LNG		2,775	3,468	5,932	6,419	6,532
	Service, marketing, and asphalt		2,293	2,170	2,252	2,404	2,261
	Petrochemicals		2,329	2,619	2,737	3,046	3,638
Nonenergy sector			36,542	38,488	40,493	44,322	47,750
	Agriculture		758	824	698	532	572
		Export	10	18	13	13	10
		Domestic	407	404	402	369	431
		Sugar	341	401	283	150	131
	Manufacturing		3,980	4,129	4,329	4,805	5,439
	Construction		4,227	4,012	4,950	5,571	6,442
	Distribution		8,169	8,277	8,442	8,715	9,287
	Hotel		238	246	238	277	272
	Government		3,830	3,970	3,931	3,955	4,032
	Financial services		7,362	8,211	8,814	10,728	11,786
	Other		7,927	8,577	9,134	9,295	9,889
	Less: imputed service charge		-2,004	-1,990	-2,181	-2,442	-2,521
	Value added tax 2/		2,056	2,233	2,138	2,886	2,553

Source: Central Statistical Office.

^{^1/}Sectoral constant prices GDP data for 2001 onwards is calculated using different methodology from previous years.

Table 1.

Trinidad and Tobago: GDP by Sectors of Origin at Constant 2000 Prices

			2001	2002	2003	2004	2005
Real GDP (2000 prices) ^1/			53,512	57,747	65,777	71,743	77,427
Energy sector			16,971	19,260	25,285	27,420	29,677
	Crude oil and gas production		9,573	11,003	14,364	15,551	17,246
	Refining, including LNG		2,775	3,468	5,932	6,419	6,532
	Service, marketing, and asphalt		2,293	2,170	2,252	2,404	2,261
	Petrochemicals		2,329	2,619	2,737	3,046	3,638
Nonenergy sector			36,542	38,488	40,493	44,322	47,750
	Agriculture		758	824	698	532	572
		Export	10	18	13	13	10
		Domestic	407	404	402	369	431
		Sugar	341	401	283	150	131
	Manufacturing		3,980	4,129	4,329	4,805	5,439
	Construction		4,227	4,012	4,950	5,571	6,442
	Distribution		8,169	8,277	8,442	8,715	9,287
	Hotel		238	246	238	277	272
	Government		3,830	3,970	3,931	3,955	4,032
	Financial services		7,362	8,211	8,814	10,728	11,786
	Other		7,927	8,577	9,134	9,295	9,889
	Less: imputed service charge		-2,004	-1,990	-2,181	-2,442	-2,521
	Value added tax 2/		2,056	2,233	2,138	2,886	2,553

Source: Central Statistical Office.

^{^1/}Sectoral constant prices GDP data for 2001 onwards is calculated using different methodology from previous years.

Table 2.

Trinidad and Tobago: GDP by Sectors of Origin, Current Market Prices

Source: Central Statistical Office.

Table 2.

Trinidad and Tobago: GDP by Sectors of Origin, Current Market Prices

			2001	2002	2003	2004	2005
			(In millions of Trinidad and Tobago dollars)
Nominal GDP			59,239	60,665	75,681	85,209	102,128
Energy sector			15,559	14,765	25,605	29,842	40,616
	Crude oil and gas production		8,686	7,951	14,889	18,261	23,923
	Refining, including LNG		2,399	2,557	4,608	4,329	6,313
	Service, marketing, and asphalt		2,329	2,535	2,864	3,449	4,407
	Petrochemicals		2,145	1,722	3,244	3,804	5,974
Nonenergy sector			43,680	45,900	50,076	55,367	61,512
	Agriculture		708	787	675	729	741
		Export	11	19	14	16	14
		Domestic	413	469	427	472	479
		Sugar	284	298	234	242	248
	Manufacturing		4,074	4,494	4,477	5,032	5,690
	Construction		4,353	4,092	5,197	6,184	7,731
	Distribution		8,724	9,287	9,902	10,624	12,212
	Hotel		236	255	265	310	357
	Government		4,714	4,333	5,560	5,964	6,523
	Financial services		7,506	8,890	9,182	10,539	11,709
	Other		9,070	9,173	9,962	9,925	10,412
	Less: imputed service charge		2,116	2,187	2,493	2,889	3,190
	Plus: VAT		2,179	2,401	2,364	3,171	2,948
			(In percent of GDP)
Petroleum sector			26.3	24.3	33.8	35.0	39.8
	Crude oil		14.7	13.1	19.7	21.4	23.4
	Refining		4.1	4.2	6.1	5.1	6.2
	Service, marketing, and asphalt		3.9	4.2	3.8	4.0	4.3
	Petrochemicals		3.6	2.8	4.3	4.5	5.8
Nonpetroleum sector			73.7	75.7	66.2	65.0	60.2
	Agriculture		1.2	1.3	0.9	0.9	0.7
		Export	0.0	0.0	0.0	0.0	0.0
		Domestic	0.7	0.8	0.6	0.6	0.5
		Sugar	0.5	0.5	0.3	0.3	0.2
	Manufacturing		6.9	7.4	5.9	5.9	5.6
	Construction		7.3	6.7	6.9	7.3	7.6
	Distribution		14.7	15.3	13.1	12.5	12.0
	Hotel		0.4	0.4	0.4	0.4	0.3
	Government		8.0	7.1	7.3	7.0	6.4
	Financial services		12.7	14.7	12.1	12.4	11.5
	Other		15.3	15.1	13.2	11.6	10.2
	Less: imputed service charge		3.6	3.6	3.3	3.4	3.1
	Plus: VAT		3.7	4.0	3.1	3.7	2.9

Source: Central Statistical Office.

Table 2.

Trinidad and Tobago: GDP by Sectors of Origin, Current Market Prices

			2001	2002	2003	2004	2005
			(In millions of Trinidad and Tobago dollars)
Nominal GDP			59,239	60,665	75,681	85,209	102,128
Energy sector			15,559	14,765	25,605	29,842	40,616
	Crude oil and gas production		8,686	7,951	14,889	18,261	23,923
	Refining, including LNG		2,399	2,557	4,608	4,329	6,313
	Service, marketing, and asphalt		2,329	2,535	2,864	3,449	4,407
	Petrochemicals		2,145	1,722	3,244	3,804	5,974
Nonenergy sector			43,680	45,900	50,076	55,367	61,512
	Agriculture		708	787	675	729	741
		Export	11	19	14	16	14
		Domestic	413	469	427	472	479
		Sugar	284	298	234	242	248
	Manufacturing		4,074	4,494	4,477	5,032	5,690
	Construction		4,353	4,092	5,197	6,184	7,731
	Distribution		8,724	9,287	9,902	10,624	12,212
	Hotel		236	255	265	310	357
	Government		4,714	4,333	5,560	5,964	6,523
	Financial services		7,506	8,890	9,182	10,539	11,709
	Other		9,070	9,173	9,962	9,925	10,412
	Less: imputed service charge		2,116	2,187	2,493	2,889	3,190
	Plus: VAT		2,179	2,401	2,364	3,171	2,948
			(In percent of GDP)
Petroleum sector			26.3	24.3	33.8	35.0	39.8
	Crude oil		14.7	13.1	19.7	21.4	23.4
	Refining		4.1	4.2	6.1	5.1	6.2
	Service, marketing, and asphalt		3.9	4.2	3.8	4.0	4.3
	Petrochemicals		3.6	2.8	4.3	4.5	5.8
Nonpetroleum sector			73.7	75.7	66.2	65.0	60.2
	Agriculture		1.2	1.3	0.9	0.9	0.7
		Export	0.0	0.0	0.0	0.0	0.0
		Domestic	0.7	0.8	0.6	0.6	0.5
		Sugar	0.5	0.5	0.3	0.3	0.2
	Manufacturing		6.9	7.4	5.9	5.9	5.6
	Construction		7.3	6.7	6.9	7.3	7.6
	Distribution		14.7	15.3	13.1	12.5	12.0
	Hotel		0.4	0.4	0.4	0.4	0.3
	Government		8.0	7.1	7.3	7.0	6.4
	Financial services		12.7	14.7	12.1	12.4	11.5
	Other		15.3	15.1	13.2	11.6	10.2
	Less: imputed service charge		3.6	3.6	3.3	3.4	3.1
	Plus: VAT		3.7	4.0	3.1	3.7	2.9

Source: Central Statistical Office.

Table 3.

Trinidad and Tobago: GDP by Expenditure at Constant 2000 Prices

Sources: Central Statistical Office; and Fund staff estimates.

Table 3.

Trinidad and Tobago: GDP by Expenditure at Constant 2000 Prices

			2001	2002	2003	2004	2005
			(In millions of Trinidad and Tobago dollars)
Domestic expenditure			48,565	55,974	60,395	64,861	69,179
	Consumption		38,818	46,102	50,259	53,415	57,203
		Private sector	32,270	37,035	40,738	42,775	44,660
		Government	6,548	9,067	9,521	10,640	12,543
	Gross capital formation		9,747	9,872	10,136	11,446	11,975
Net exports			4,947	1,773	5,383	6,881	8,248
	Exports of goods and nonfactor services		30,295	25,437	26,526	28,525	34,288
	Imports of goods and nonfactor services		25,348	23,665	21,143	21,644	26,040
GDP at constant prices			53,512	57,747	65,777	71,743	77,427
			(Annual percentage changes)
Domestic expenditure			9.8	15.3	7.9	7.4	6.7
	Consumption		9.4	18.8	9.0	6.3	7.1
		Private sector	9.9	14.8	10.0	5.0	4.4
		Government	6.6	38.5	5.0	11.8	17.9
	Gross capital formation		11.5	1.3	2.7	12.9	4.6
Net exports			-30.7	-64.2	203.6	27.8	19.9
	Exports of goods and nonfactor services		-0.4	-16.0	4.3	7.5	20.2
	Imports of goods and nonfactor services		8.8	-6.6	-10.7	2.4	20.3
GDP at constant prices			4.2	7.9	13.9	9.1	7.9
			(Contribution to growth)
Domestic expenditure			8.4	13.8	7.7	6.8	6.0
Net exports			-4.3	-5.9	6.3	2.3	1.9
GDP at constant prices			4.2	7.9	13.9	9.1	7.9

Sources: Central Statistical Office; and Fund staff estimates.

Table 3.

Trinidad and Tobago: GDP by Expenditure at Constant 2000 Prices

			2001	2002	2003	2004	2005
			(In millions of Trinidad and Tobago dollars)
Domestic expenditure			48,565	55,974	60,395	64,861	69,179
	Consumption		38,818	46,102	50,259	53,415	57,203
		Private sector	32,270	37,035	40,738	42,775	44,660
		Government	6,548	9,067	9,521	10,640	12,543
	Gross capital formation		9,747	9,872	10,136	11,446	11,975
Net exports			4,947	1,773	5,383	6,881	8,248
	Exports of goods and nonfactor services		30,295	25,437	26,526	28,525	34,288
	Imports of goods and nonfactor services		25,348	23,665	21,143	21,644	26,040
GDP at constant prices			53,512	57,747	65,777	71,743	77,427
			(Annual percentage changes)
Domestic expenditure			9.8	15.3	7.9	7.4	6.7
	Consumption		9.4	18.8	9.0	6.3	7.1
		Private sector	9.9	14.8	10.0	5.0	4.4
		Government	6.6	38.5	5.0	11.8	17.9
	Gross capital formation		11.5	1.3	2.7	12.9	4.6
Net exports			-30.7	-64.2	203.6	27.8	19.9
	Exports of goods and nonfactor services		-0.4	-16.0	4.3	7.5	20.2
	Imports of goods and nonfactor services		8.8	-6.6	-10.7	2.4	20.3
GDP at constant prices			4.2	7.9	13.9	9.1	7.9
			(Contribution to growth)
Domestic expenditure			8.4	13.8	7.7	6.8	6.0
Net exports			-4.3	-5.9	6.3	2.3	1.9
GDP at constant prices			4.2	7.9	13.9	9.1	7.9

Sources: Central Statistical Office; and Fund staff estimates.

Table 4.

Trinidad and Tobago: GDP by Final Expenditure at Current Market Prices

Sources: Central Statistical Office; and Fund staff estimates.

Table 4.

Trinidad and Tobago: GDP by Final Expenditure at Current Market Prices

			2001	2002	2003	2004	2005
			(In millions of Trinidad and Tobago dollars)
Domestic expenditure			53,517	57,548	67,568	71,671	73,974
	Consumption		35,492	42,821	46,722	55,342	56,483
		Private sector	29,351	35,572	37,197	44,388	44,241
		Government	6,141	7,249	9,526	10,954	12,242
	Gross capital formation		10,696	10,826	12,226	15,188	17,479
		Private sector	7,471	8,889	9,666	10,682	10,078
		Government	3,225	1,937	2,560	4,505	7,401
Net exports			5,723	3,117	8,114	13,538	28,154
	Exports of goods and nonfactor services		30,244	28,299	34,173	45,550	67,213
	Imports of goods and nonfactor services		24,521	25,182	26,059	32,011	39,059
GDP at market prices			59,239	60,665	75,681	85,209	102,128
	Net factor payments		-3,343	-2,980	-4,378	-2,771	-3,493
	Net transfers		207	338	364	337	331
GNP at market prices			56,103	58,023	71,667	82,775	98,966
			(In percent of GDP)
Domestic expenditure			90.3	94.9	89.3	84.1	72.4
	Consumption		59.9	70.6	61.7	64.9	55.3
		Private sector	49.5	58.6	49.1	52.1	43.3
		Government	10.4	11.9	12.6	12.9	12.0
	Gross capital formation		18.1	17.8	16.2	17.8	17.1
		Private sector	12.6	14.7	12.8	12.5	9.9
		Government	5.4	3.2	3.4	5.3	7.2
Net exports			9.7	5.1	10.7	15.9	27.6
	Exports of goods and nonfactor services		51.1	46.6	45.2	53.5	65.8
	Imports of goods and nonfactor services		41.4	41.5	34.4	37.6	38.2
GDP at market prices			100.0	100.0	100.0	100.0	100.0
	Net factor payments		-5.6	-4.9	-5.8	-3.3	-3.4
	Net transfers		0.3	0.6	0.5	0.4	0.3
GNP at market prices			94.7	95.6	94.7	97.1	96.9
			(Contribution to growth)
Domestic expenditure			18.1	6.8	16.5	5.4	2.7
Net exports			-2.7	-4.4	8.2	7.2	17.2
GDP at constant prices			15.3	2.4	24.8	12.6	19.9

Sources: Central Statistical Office; and Fund staff estimates.

Table 4.

Trinidad and Tobago: GDP by Final Expenditure at Current Market Prices

			2001	2002	2003	2004	2005
			(In millions of Trinidad and Tobago dollars)
Domestic expenditure			53,517	57,548	67,568	71,671	73,974
	Consumption		35,492	42,821	46,722	55,342	56,483
		Private sector	29,351	35,572	37,197	44,388	44,241
		Government	6,141	7,249	9,526	10,954	12,242
	Gross capital formation		10,696	10,826	12,226	15,188	17,479
		Private sector	7,471	8,889	9,666	10,682	10,078
		Government	3,225	1,937	2,560	4,505	7,401
Net exports			5,723	3,117	8,114	13,538	28,154
	Exports of goods and nonfactor services		30,244	28,299	34,173	45,550	67,213
	Imports of goods and nonfactor services		24,521	25,182	26,059	32,011	39,059
GDP at market prices			59,239	60,665	75,681	85,209	102,128
	Net factor payments		-3,343	-2,980	-4,378	-2,771	-3,493
	Net transfers		207	338	364	337	331
GNP at market prices			56,103	58,023	71,667	82,775	98,966
			(In percent of GDP)
Domestic expenditure			90.3	94.9	89.3	84.1	72.4
	Consumption		59.9	70.6	61.7	64.9	55.3
		Private sector	49.5	58.6	49.1	52.1	43.3
		Government	10.4	11.9	12.6	12.9	12.0
	Gross capital formation		18.1	17.8	16.2	17.8	17.1
		Private sector	12.6	14.7	12.8	12.5	9.9
		Government	5.4	3.2	3.4	5.3	7.2
Net exports			9.7	5.1	10.7	15.9	27.6
	Exports of goods and nonfactor services		51.1	46.6	45.2	53.5	65.8
	Imports of goods and nonfactor services		41.4	41.5	34.4	37.6	38.2
GDP at market prices			100.0	100.0	100.0	100.0	100.0
	Net factor payments		-5.6	-4.9	-5.8	-3.3	-3.4
	Net transfers		0.3	0.6	0.5	0.4	0.3
GNP at market prices			94.7	95.6	94.7	97.1	96.9
			(Contribution to growth)
Domestic expenditure			18.1	6.8	16.5	5.4	2.7
Net exports			-2.7	-4.4	8.2	7.2	17.2
GDP at constant prices			15.3	2.4	24.8	12.6	19.9

Sources: Central Statistical Office; and Fund staff estimates.

Table 5.

Trinidad and Tobago: Savings and Investment at Current Market Prices

Sources: Central Statistical Office; and Fund staff estimates.

Table 5.

Trinidad and Tobago: Savings and Investment at Current Market Prices

				2001	2002	2003	2004	2005
				(In millions of Trinidad and Tobago dollars)
GDP at market prices				59,239	60,665	75,681	85,209	102,128
Gross domestic savings				16,419	13,942	20,340	28,726	45,632
		Private sector		14,522	13,181	16,732	22,901	35,982
		Public sector		1,897	762	3,608	5,825	9,650
Net factor payments				3,343	2,980	4,378	2,771	3,493
Net transfers				-207	-338	-364	-337	-331
Gross national savings				13,282	11,301	16,325	26,292	42,470
	Private sector			11,386	10,540	12,718	20,466	32,820
	Public sector			1,897	762	3,608	5,825	9,650
			Government	965	1,033	2,512	4,443	8,392
			Public enterprises	931	-271	1,096	1,382	1,258
Gross domestic investment				10,696	10,826	12,226	15,188	17,479
	Private sector			7,471	8,889	9,666	10,682	10,078
	Public sector			3,225	1,937	2,560	4,505	7,401
			Government	773	810	1,149	1,901	3,126
			Public enterprises	2,570	1,375	1,829	3,308	5,576
Investment-savings gap				-2,586	-476	-4,099	-11,104	-24,992
	Private sector			-3,914	-1,651	-3,052	-9,784	-22,742
	Public sector			1,328	1,175	-1,048	-1,320	-2,250
			Government	-192	-222	-1,363	-2,542	-5,267
			Public enterprises	1,639	1,646	733	1,926	4,318
				(In percent of GDP)
Gross domestic savings				27.7	23.0	26.9	33.7	44.7
		Private sector		24.5	21.7	22.1	26.9	35.2
		Public sector		3.2	1.3	4.8	6.8	9.4
Net factor payments				5.6	4.9	5.8	3.3	3.4
Net transfers				-0.3	-0.6	-0.5	-0.4	-0.3
Gross national savings				22.4	18.6	21.6	30.9	41.6
	Private sector			19.2	17.4	16.8	24.0	32.1
	Public sector			3.2	1.3	4.8	6.8	9.4
			Government	1.6	1.7	3.3	5.2	8.2
			Public enterprises	1.6	-0.4	1.4	1.6	1.2
Gross domestic investment				18.1	17.8	16.2	17.8	17.1
	Private sector			12.6	14.7	12.8	12.5	9.9
	Public sector			5.4	3.2	3.4	5.3	7.2
			Government	1.3	1.3	1.5	2.2	3.1
			Public enterprises	4.3	2.3	2.4	3.9	5.5
Investment-savings gap				-4.4	-0.8	-5.4	-13.0	-24.5
	Private sector			-6.6	-2.7	-4.0	-11.5	-22.3
	Public sector			2.2	1.9	-1.4	-1.5	-2.2
			Government	-0.3	-0.4	-1.8	-3.0	-5.2
			Public enterprises	2.8	2.7	1.0	2.3	4.2

Sources: Central Statistical Office; and Fund staff estimates.

Table 5.

Trinidad and Tobago: Savings and Investment at Current Market Prices

				2001	2002	2003	2004	2005
				(In millions of Trinidad and Tobago dollars)
GDP at market prices				59,239	60,665	75,681	85,209	102,128
Gross domestic savings				16,419	13,942	20,340	28,726	45,632
		Private sector		14,522	13,181	16,732	22,901	35,982
		Public sector		1,897	762	3,608	5,825	9,650
Net factor payments				3,343	2,980	4,378	2,771	3,493
Net transfers				-207	-338	-364	-337	-331
Gross national savings				13,282	11,301	16,325	26,292	42,470
	Private sector			11,386	10,540	12,718	20,466	32,820
	Public sector			1,897	762	3,608	5,825	9,650
			Government	965	1,033	2,512	4,443	8,392
			Public enterprises	931	-271	1,096	1,382	1,258
Gross domestic investment				10,696	10,826	12,226	15,188	17,479
	Private sector			7,471	8,889	9,666	10,682	10,078
	Public sector			3,225	1,937	2,560	4,505	7,401
			Government	773	810	1,149	1,901	3,126
			Public enterprises	2,570	1,375	1,829	3,308	5,576
Investment-savings gap				-2,586	-476	-4,099	-11,104	-24,992
	Private sector			-3,914	-1,651	-3,052	-9,784	-22,742
	Public sector			1,328	1,175	-1,048	-1,320	-2,250
			Government	-192	-222	-1,363	-2,542	-5,267
			Public enterprises	1,639	1,646	733	1,926	4,318
				(In percent of GDP)
Gross domestic savings				27.7	23.0	26.9	33.7	44.7
		Private sector		24.5	21.7	22.1	26.9	35.2
		Public sector		3.2	1.3	4.8	6.8	9.4
Net factor payments				5.6	4.9	5.8	3.3	3.4
Net transfers				-0.3	-0.6	-0.5	-0.4	-0.3
Gross national savings				22.4	18.6	21.6	30.9	41.6
	Private sector			19.2	17.4	16.8	24.0	32.1
	Public sector			3.2	1.3	4.8	6.8	9.4
			Government	1.6	1.7	3.3	5.2	8.2
			Public enterprises	1.6	-0.4	1.4	1.6	1.2
Gross domestic investment				18.1	17.8	16.2	17.8	17.1
	Private sector			12.6	14.7	12.8	12.5	9.9
	Public sector			5.4	3.2	3.4	5.3	7.2
			Government	1.3	1.3	1.5	2.2	3.1
			Public enterprises	4.3	2.3	2.4	3.9	5.5
Investment-savings gap				-4.4	-0.8	-5.4	-13.0	-24.5
	Private sector			-6.6	-2.7	-4.0	-11.5	-22.3
	Public sector			2.2	1.9	-1.4	-1.5	-2.2
			Government	-0.3	-0.4	-1.8	-3.0	-5.2
			Public enterprises	2.8	2.7	1.0	2.3	4.2

Sources: Central Statistical Office; and Fund staff estimates.

Table 6.

Trinidad and Tobago: Retail Price Index

Sources: Central Statistical Office; and Fund staff calculations.

Table 6.

Trinidad and Tobago: Retail Price Index

		Weights (Jan. 2003=100)	2001	2002	2003	2004	2005
		A. Period average
Overall index		1000	94.2	98.1	101.9	105.7	112.9
	Food, drink, and tobacco	205	86.5	95.3	107.1	119.9	145.0
	Housing and household supplies	316	100.2	100.3	100.4	102.7	105.0
	Clothing and footwear	53	94.2	98.1	101.9	105.7	91.8
	Transportation	167	86.5	95.3	107.1	119.9	108.3
	Other services	259	100.2	100.3	100.4	102.7	104.5
		B. End of period
Overall index			96.0	100.1	103.1	108.9	116.7
	Food, drink, and tobacco		91.2	100.4	111.2	132.1	159.5
	Housing and household supplies		100.3	100.4	100.7	104.3	105.6
	Clothing and footwear		101.5	99.5	95.2	91.0	91.3
	Transportation		98.6	99.5	103.7	107.7	109.0
	Other services		91.8	100.1	100.8	100.5	106.5
		(Annual percentage changes)
		A. Period average
Overall index			5.5	4.2	3.8	3.7	6.9
	Food, drink, and tobacco		13.9	10.2	12.3	12.0	20.9
	Housing and household supplies		0.0	0.1	0.2	2.2	2.2
	Clothing and footwear		5.5	4.2	3.8	3.7	-13.1
	Transportation		13.9	10.2	12.3	12.0	-9.8
	Other services		0.0	0.1	0.2	2.2	1.8
		B. End of period
Overall index			3.6	4.3	3.0	5.6	7.2
	Food, drink, and tobacco		8.7	10.1	10.7	18.8	20.8
	Housing and household supplies		0.2	0.1	0.3	3.6	1.2
	Clothing and footwear		-1.6	-1.9	-4.4	-4.4	0.3
	Transportation		-0.2	0.9	4.2	3.9	1.2
	Other services		8.5	9.0	0.6	-0.3	6.0

Sources: Central Statistical Office; and Fund staff calculations.

Table 6.

Trinidad and Tobago: Retail Price Index

		Weights (Jan. 2003=100)	2001	2002	2003	2004	2005
		A. Period average
Overall index		1000	94.2	98.1	101.9	105.7	112.9
	Food, drink, and tobacco	205	86.5	95.3	107.1	119.9	145.0
	Housing and household supplies	316	100.2	100.3	100.4	102.7	105.0
	Clothing and footwear	53	94.2	98.1	101.9	105.7	91.8
	Transportation	167	86.5	95.3	107.1	119.9	108.3
	Other services	259	100.2	100.3	100.4	102.7	104.5
		B. End of period
Overall index			96.0	100.1	103.1	108.9	116.7
	Food, drink, and tobacco		91.2	100.4	111.2	132.1	159.5
	Housing and household supplies		100.3	100.4	100.7	104.3	105.6
	Clothing and footwear		101.5	99.5	95.2	91.0	91.3
	Transportation		98.6	99.5	103.7	107.7	109.0
	Other services		91.8	100.1	100.8	100.5	106.5
		(Annual percentage changes)
		A. Period average
Overall index			5.5	4.2	3.8	3.7	6.9
	Food, drink, and tobacco		13.9	10.2	12.3	12.0	20.9
	Housing and household supplies		0.0	0.1	0.2	2.2	2.2
	Clothing and footwear		5.5	4.2	3.8	3.7	-13.1
	Transportation		13.9	10.2	12.3	12.0	-9.8
	Other services		0.0	0.1	0.2	2.2	1.8
		B. End of period
Overall index			3.6	4.3	3.0	5.6	7.2
	Food, drink, and tobacco		8.7	10.1	10.7	18.8	20.8
	Housing and household supplies		0.2	0.1	0.3	3.6	1.2
	Clothing and footwear		-1.6	-1.9	-4.4	-4.4	0.3
	Transportation		-0.2	0.9	4.2	3.9	1.2
	Other services		8.5	9.0	0.6	-0.3	6.0

Sources: Central Statistical Office; and Fund staff calculations.

Table 7.

Trinidad and Tobago: Index of Producer Prices by Industry

Source: Central Statistical Office.

Table 7.

Trinidad and Tobago: Index of Producer Prices by Industry

		Weights	2001	2002	2003	2004	2005
		(Period averages: October 1978=100)
Producer prices		1,000	363.9	366.1	371.3	382.3	391.0
	Food processing	191	420.6	425.2	443.0	453.8	459.3
	Drink and tobacco	121	479.5	505.8	515.8	544.1	573.8
	Chemical and nonmetallic products	148	415.7	417.1	422.2	424.9	435.2
	Assembly type industry	257	295.8	295.5	300.5	314.8	321.4
	Other	283	303.3	303.7	298.9	303.9	306.9
		(Annual percentage changes)
Producer prices			0.9	0.6	1.4	3.0	2.3
	Food processing		0.3	1.1	4.2	2.4	1.2
	Drink and tobacco		-0.1	5.5	2.0	5.5	5.5
	Chemical and nonmetallic products		0.0	0.3	1.2	0.6	2.4
	Assembly type industry		0.6	-0.1	1.7	4.8	2.1
	Other		0.3	0.1	-1.6	1.7	1.0

Source: Central Statistical Office.

Table 7.

Trinidad and Tobago: Index of Producer Prices by Industry

		Weights	2001	2002	2003	2004	2005
		(Period averages: October 1978=100)
Producer prices		1,000	363.9	366.1	371.3	382.3	391.0
	Food processing	191	420.6	425.2	443.0	453.8	459.3
	Drink and tobacco	121	479.5	505.8	515.8	544.1	573.8
	Chemical and nonmetallic products	148	415.7	417.1	422.2	424.9	435.2
	Assembly type industry	257	295.8	295.5	300.5	314.8	321.4
	Other	283	303.3	303.7	298.9	303.9	306.9
		(Annual percentage changes)
Producer prices			0.9	0.6	1.4	3.0	2.3
	Food processing		0.3	1.1	4.2	2.4	1.2
	Drink and tobacco		-0.1	5.5	2.0	5.5	5.5
	Chemical and nonmetallic products		0.0	0.3	1.2	0.6	2.4
	Assembly type industry		0.6	-0.1	1.7	4.8	2.1
	Other		0.3	0.1	-1.6	1.7	1.0

Source: Central Statistical Office.

Table 8.

Trinidad and Tobago: Labor Force and Employment

Source: Central Statistical Office.

Table 8.

Trinidad and Tobago: Labor Force and Employment

				2001	2002	2003	2004	2005
				(In thousands)
Population				1,267	1,276	1,282	1,291	1,295
		Of which
			15 years and over	949.9	961.8	968.3	973.6	979.0
Labor force				576.5	586.2	596.5	613.5	623.7
	Male			356.7	356.9	360.4	365.4	364.9
	Female			219.8	229.3	236.1	248.1	258.8
Employed				514.1	525.1	535.1	562.3	574.0
	Male			326.0	329.0	330.6	342.0	343.6
	Female			188.1	196.1	203.5	220.3	230.4
				(As a percentage of the labor force)
Unemployed				10.8	10.4	10.3	8.3	8.0
	Seeking work			7.5	7.3	7.2	5.9	5.6
	Other unemployed			3.3	3.1	3.1	2.4	2.4

Source: Central Statistical Office.

Table 8.

Trinidad and Tobago: Labor Force and Employment

				2001	2002	2003	2004	2005
				(In thousands)
Population				1,267	1,276	1,282	1,291	1,295
		Of which
			15 years and over	949.9	961.8	968.3	973.6	979.0
Labor force				576.5	586.2	596.5	613.5	623.7
	Male			356.7	356.9	360.4	365.4	364.9
	Female			219.8	229.3	236.1	248.1	258.8
Employed				514.1	525.1	535.1	562.3	574.0
	Male			326.0	329.0	330.6	342.0	343.6
	Female			188.1	196.1	203.5	220.3	230.4
				(As a percentage of the labor force)
Unemployed				10.8	10.4	10.3	8.3	8.0
	Seeking work			7.5	7.3	7.2	5.9	5.6
	Other unemployed			3.3	3.1	3.1	2.4	2.4

Source: Central Statistical Office.

Table 9.

Trinidad and Tobago: Growth of Production, Earnings, Employment, Hours and Costs in Manufacturing ^1/

Sources: Central Statistical Office; and Fund staff estimates.

^{^1/}All employees.

Table 9.

Trinidad and Tobago: Growth of Production, Earnings, Employment, Hours and Costs in Manufacturing ^1/

		2001	2002	2003	2004	2005
		(Annual percentage changes)
All industry
	Production	11.5	15.0	9.5	6.1	9.8
	Weekly earnings	9.3	11.6	13.2	14.5	1.4
	Productivity per man/hour	12.0	11.9	12.1	3.7	7.6
	Employment	3.0	-1.2	0.0	1.9	3.4
	Hours worked	-0.6	2.7	-2.2	2.2	2.0
	Earnings per man/hour	10.0	8.7	15.9	12.3	-0.1
	Unit labor cost	-2.6	-2.7	3.3	8.1	…
Manufacturing (Excluding oil and sugar)
	Production	20.7	11.8	10.9	12.5	11.1
	Weekly earnings	9.3	7.1	9.8	11.2	3.9
	Productivity per man/hour	25.3	9.0	16.4	9.8	7.3
	Employment	-3.1	5.0	-3.5	3.4	-0.2
	Hours worked	-3.8	2.4	-4.5	2.3	3.6
	Earnings per man/hour	13.7	4.5	15.0	9.1	0.3
	Unit labor cost	-9.7	-4.0	-0.7	-0.5	…
Oil refining
	Production	4.5	5.1	12.8	2.5	28.6
	Weekly earnings	11.4	12.7	13.4	21.5	-0.3
	Productivity per man/hour	-6.2	4.6	6.4	4.7	26.9
	Employment	10.2	-10.1	-1.7	3.1	3.7
	Hours worked	10.8	-0.4	6.1	-1.9	1.4
	Earnings per man/hour	0.9	13.4	6.8	24.1	-1.7
	Unit labor cost	6.6	7.2	0.2	19.5	…

Sources: Central Statistical Office; and Fund staff estimates.

^{^1/}All employees.

Table 9.

Trinidad and Tobago: Growth of Production, Earnings, Employment, Hours and Costs in Manufacturing ^1/

		2001	2002	2003	2004	2005
		(Annual percentage changes)
All industry
	Production	11.5	15.0	9.5	6.1	9.8
	Weekly earnings	9.3	11.6	13.2	14.5	1.4
	Productivity per man/hour	12.0	11.9	12.1	3.7	7.6
	Employment	3.0	-1.2	0.0	1.9	3.4
	Hours worked	-0.6	2.7	-2.2	2.2	2.0
	Earnings per man/hour	10.0	8.7	15.9	12.3	-0.1
	Unit labor cost	-2.6	-2.7	3.3	8.1	…
Manufacturing (Excluding oil and sugar)
	Production	20.7	11.8	10.9	12.5	11.1
	Weekly earnings	9.3	7.1	9.8	11.2	3.9
	Productivity per man/hour	25.3	9.0	16.4	9.8	7.3
	Employment	-3.1	5.0	-3.5	3.4	-0.2
	Hours worked	-3.8	2.4	-4.5	2.3	3.6
	Earnings per man/hour	13.7	4.5	15.0	9.1	0.3
	Unit labor cost	-9.7	-4.0	-0.7	-0.5	…
Oil refining
	Production	4.5	5.1	12.8	2.5	28.6
	Weekly earnings	11.4	12.7	13.4	21.5	-0.3
	Productivity per man/hour	-6.2	4.6	6.4	4.7	26.9
	Employment	10.2	-10.1	-1.7	3.1	3.7
	Hours worked	10.8	-0.4	6.1	-1.9	1.4
	Earnings per man/hour	0.9	13.4	6.8	24.1	-1.7
	Unit labor cost	6.6	7.2	0.2	19.5	…

Sources: Central Statistical Office; and Fund staff estimates.

^{^1/}All employees.

Table 10.

Trinidad and Tobago: Central Government Operations ^1/

Sources: Ministry of Finance; and Fund staff estimates.

^{^1/}Fiscal year basis.

Table 10.

Trinidad and Tobago: Central Government Operations ^1/

				2000/01	2001/02	2002/03	2003/04	2004/05
				(In millions of Trinidad and Tobago dollars)
Total revenue and grants				14,200	13,860	17,350	20,629	29,649
		Energy sector		4,951	3,273	6,720	8,484	15,614
		Nonenergy sector		9,211	10,553	10,626	12,141	14,026
		Capital revenue and grants		38	35	4	4	9
Total expenditure				13,860	13,961	16,048	19,068	24,141
	Current			13,078	13,214	15,050	17,466	21,342
		Wages and salaries		4,284	4,225	4,548	4,849	5,309
		Other goods and services		1,768	1,742	2,038	2,375	3,172
		Interest payments		2,330	2,260	2,592	2,364	2,542
		Transfer and subsidies		4,697	4,988	5,872	7,878	10,320
	Capital expenditure and net lending			782	747	998	1,601	2,799
Current balance				1,083	611	2,296	3,158	8,298
Overall balance				339	-101	1,302	1,561	5,508
Total financing				-339	101	-1,302	-1,561	-5,508
	Foreign financing			-2	-194	12	-357	-1,121
	Domestic financing			-338	295	-1,313	-1,204	-4,235
			Of which: Revenue Stabilization Fund	-546	-600	-497	-1,263	-2,593
				(In percent of GDP)
Total revenue				24.8	23.0	24.1	24.9	30.3
	Energy sector			8.6	5.4	9.3	10.2	15.9
	Nonenergy sector			16.1	17.5	14.8	14.7	14.3
	Capital revenue and grants			0.1	0.1	0.0	0.0	0.0
Total expenditure				24.2	23.1	22.3	23.0	24.7
	Current			22.8	21.9	20.9	21.1	21.8
		Wages and salaries		7.5	7.0	6.3	5.9	5.4
		Other goods and services		3.1	2.9	2.8	2.9	3.2
		Interest payments		4.1	3.7	3.6	2.9	2.6
		Transfer and subsidies		8.2	8.3	8.2	9.5	10.5
	Capital expenditure and net lending			1.4	1.2	1.4	1.9	2.9
Current balance				1.9	1.0	3.2	3.8	8.5
Overall balance				0.6	-0.2	1.8	1.9	5.6
Total financing				-0.6	0.2	-1.8	-1.9	-5.6
	External financing			0.0	-0.3	0.0	-0.4	-1.1
	Domestic financing			-0.6	0.5	-1.8	-1.5	-4.3
			Of which: Revenue Stabilization Fund	-1.0	-1.0	-0.7	-1.5	-2.6

Sources: Ministry of Finance; and Fund staff estimates.

^{^1/}Fiscal year basis.

Table 10.

Trinidad and Tobago: Central Government Operations ^1/

				2000/01	2001/02	2002/03	2003/04	2004/05
				(In millions of Trinidad and Tobago dollars)
Total revenue and grants				14,200	13,860	17,350	20,629	29,649
		Energy sector		4,951	3,273	6,720	8,484	15,614
		Nonenergy sector		9,211	10,553	10,626	12,141	14,026
		Capital revenue and grants		38	35	4	4	9
Total expenditure				13,860	13,961	16,048	19,068	24,141
	Current			13,078	13,214	15,050	17,466	21,342
		Wages and salaries		4,284	4,225	4,548	4,849	5,309
		Other goods and services		1,768	1,742	2,038	2,375	3,172
		Interest payments		2,330	2,260	2,592	2,364	2,542
		Transfer and subsidies		4,697	4,988	5,872	7,878	10,320
	Capital expenditure and net lending			782	747	998	1,601	2,799
Current balance				1,083	611	2,296	3,158	8,298
Overall balance				339	-101	1,302	1,561	5,508
Total financing				-339	101	-1,302	-1,561	-5,508
	Foreign financing			-2	-194	12	-357	-1,121
	Domestic financing			-338	295	-1,313	-1,204	-4,235
			Of which: Revenue Stabilization Fund	-546	-600	-497	-1,263	-2,593
				(In percent of GDP)
Total revenue				24.8	23.0	24.1	24.9	30.3
	Energy sector			8.6	5.4	9.3	10.2	15.9
	Nonenergy sector			16.1	17.5	14.8	14.7	14.3
	Capital revenue and grants			0.1	0.1	0.0	0.0	0.0
Total expenditure				24.2	23.1	22.3	23.0	24.7
	Current			22.8	21.9	20.9	21.1	21.8
		Wages and salaries		7.5	7.0	6.3	5.9	5.4
		Other goods and services		3.1	2.9	2.8	2.9	3.2
		Interest payments		4.1	3.7	3.6	2.9	2.6
		Transfer and subsidies		8.2	8.3	8.2	9.5	10.5
	Capital expenditure and net lending			1.4	1.2	1.4	1.9	2.9
Current balance				1.9	1.0	3.2	3.8	8.5
Overall balance				0.6	-0.2	1.8	1.9	5.6
Total financing				-0.6	0.2	-1.8	-1.9	-5.6
	External financing			0.0	-0.3	0.0	-0.4	-1.1
	Domestic financing			-0.6	0.5	-1.8	-1.5	-4.3
			Of which: Revenue Stabilization Fund	-1.0	-1.0	-0.7	-1.5	-2.6

Sources: Ministry of Finance; and Fund staff estimates.

^{^1/}Fiscal year basis.

Table 11.

Trinidad and Tobago: Central Government Revenue and Grants

(In millions of Trinidad and Tobago dollars)

Source: Ministry of Finance.

^{^1/}Includes all other taxes on goods and services except for the port and airport departure taxes.

^{^2/}Stamp duties and social security contributions.

Table 11.

Trinidad and Tobago: Central Government Revenue and Grants

(In millions of Trinidad and Tobago dollars)

				2000/01	2001/02	2002/03	2003/04	2004/05
Total revenue and grants				14,200	13,860	17,350	20,629	29,649
Energy sector				4,951	3,273	6,720	8,484	15,614
	Corporation tax			3,769	2,182	5,028	6,515	12,636
	Business levy			90	59	74	109	146
	Royalties			752	613	1,008	1,095	1,231
	Unemployment levy			191	124	294	410	905
	Signature bonuses			0	128	31	0	0
	Impost			23	30	34	37	43
	Withholding tax (oil)			126	88	158	178	467
	Green Fund levy			0	50	94	139	186
Nonenergy sector				9,211	10,553	10,626	12,141	14,026
Taxes				8,020	9,028	9,538	10,914	12,252
	Income tax			3,547	4,101	4,671	4,876	5,857
	Goods and services			3,425	3,817	3,546	4,438	4,537
			VAT	2,194	2,475	2,121	3,021	2,963
			Excise duties on petrol	494	525	563	587	635
			Other ^1/	737	817	862	830	940
	International trade			857	879	1,070	1,288	1,527
			Import duties	811	854	1,019	1,233	1,463
			Other	46	25	51	55	64
	Property			59	94	78	85	63
	Other ^2/			132	137	175	226	268
Nontaxes				1,192	1,525	1,088	1,227	1,773
		Fees, rentals, etc.		695	639	426	431	549
		Public enterprise profit		157	550	391	614	936
		Central bank profit		81	135	144	96	159
		Interest receipts		259	201	127	86	130
Capital revenue and grants				38	35	4	4	9
Memorandum item:
Total tax revenue				12,970	12,300	16,258	19,398	27,867

Source: Ministry of Finance.

^{^1/}Includes all other taxes on goods and services except for the port and airport departure taxes.

^{^2/}Stamp duties and social security contributions.

Table 11.

Trinidad and Tobago: Central Government Revenue and Grants

(In millions of Trinidad and Tobago dollars)

				2000/01	2001/02	2002/03	2003/04	2004/05
Total revenue and grants				14,200	13,860	17,350	20,629	29,649
Energy sector				4,951	3,273	6,720	8,484	15,614
	Corporation tax			3,769	2,182	5,028	6,515	12,636
	Business levy			90	59	74	109	146
	Royalties			752	613	1,008	1,095	1,231
	Unemployment levy			191	124	294	410	905
	Signature bonuses			0	128	31	0	0
	Impost			23	30	34	37	43
	Withholding tax (oil)			126	88	158	178	467
	Green Fund levy			0	50	94	139	186
Nonenergy sector				9,211	10,553	10,626	12,141	14,026
Taxes				8,020	9,028	9,538	10,914	12,252
	Income tax			3,547	4,101	4,671	4,876	5,857
	Goods and services			3,425	3,817	3,546	4,438	4,537
			VAT	2,194	2,475	2,121	3,021	2,963
			Excise duties on petrol	494	525	563	587	635
			Other ^1/	737	817	862	830	940
	International trade			857	879	1,070	1,288	1,527
			Import duties	811	854	1,019	1,233	1,463
			Other	46	25	51	55	64
	Property			59	94	78	85	63
	Other ^2/			132	137	175	226	268
Nontaxes				1,192	1,525	1,088	1,227	1,773
		Fees, rentals, etc.		695	639	426	431	549
		Public enterprise profit		157	550	391	614	936
		Central bank profit		81	135	144	96	159
		Interest receipts		259	201	127	86	130
Capital revenue and grants				38	35	4	4	9
Memorandum item:
Total tax revenue				12,970	12,300	16,258	19,398	27,867

Source: Ministry of Finance.

^{^1/}Includes all other taxes on goods and services except for the port and airport departure taxes.

^{^2/}Stamp duties and social security contributions.

Table 12.

Trinidad and Tobago: Ratios of Central Government Revenue and Grants

Source: Ministry of Finance.

^{^1/}Includes all other taxes on goods and services except for the port and airport departure taxes.

^{^2/}Stamp duties and social security contributions.

Table 12.

Trinidad and Tobago: Ratios of Central Government Revenue and Grants

				2000/01	2001/02	2002/03	2003/04	2004/05
				(In percent of GDP)
Total revenue and grants				24.8	23.0	24.1	24.9	30.3
Energy sector				8.6	5.4	9.3	10.2	15.9
	Of which: corporation tax			6.6	3.6	7.0	7.9	12.9
	Of which: royalties			1.3	1.0	1.4	1.3	1.3
Nonenergy				16.1	17.5	14.8	14.7	14.3
	Taxes			14.0	15.0	13.3	13.2	12.5
		Income		6.2	6.8	6.5	5.9	6.0
		Goods and services		6.0	6.3	4.9	5.4	4.6
			VAT	3.8	4.1	2.9	3.6	3.0
			Excise duties on petrol	0.9	0.9	0.8	0.7	0.6
			Other	1.3	1.4	1.2	1.0	1.0
		International trade		1.5	1.5	1.5	1.6	1.6
			Import duties	1.4	1.4	1.4	1.5	1.5
			Other	0.1	0.0	0.1	0.1	0.1
		Property		0.1	0.2	0.1	0.1	0.1
		Other		0.2	0.2	0.2	0.3	0.3
	Nontaxes			2.1	2.5	1.5	1.5	1.8
Capital revenue and grants				0.1	0.1	0.0	0.0	0.0
				(In percent of total revenue and grants)
Total revenue and grants				100.0	100.0	100.0	100.0	100.0
Energy sector				34.9	23.6	38.7	41.1	52.7
	Of which: corporation tax			26.5	15.7	29.0	31.6	42.6
	Of which: royalties			5.3	4.4	5.8	5.3	4.2
Nonenergy				64.9	76.1	61.2	58.9	47.3
	Taxes			56.5	65.1	55.0	52.9	41.3
		Income		25.0	29.6	26.9	23.6	19.8
		Goods and services		24.1	27.5	20.4	21.5	15.3
			VAT	15.4	17.9	12.2	14.6	10.0
			Excise duties on petrol	3.5	3.8	3.2	2.8	2.1
			Other ^1/	5.2	5.9	5.0	4.0	3.2
		International trade		6.0	6.3	6.2	6.2	5.1
			Import duties	5.7	6.2	5.9	6.0	4.9
			Other	0.3	0.2	0.3	0.3	0.2
		Property		0.4	0.7	0.4	0.4	0.2
		Other ^2/		0.9	1.0	1.0	1.1	0.9
	Nontaxes			8.4	11.0	6.3	5.9	6.0
Capital revenue and grants				0.3	0.3	0.0	0.0	0.0
Memorandum item:
Tax revenue				91.6	89.0	93.7	94.1	94.0

Source: Ministry of Finance.

^{^1/}Includes all other taxes on goods and services except for the port and airport departure taxes.

^{^2/}Stamp duties and social security contributions.

Table 12.

Trinidad and Tobago: Ratios of Central Government Revenue and Grants

				2000/01	2001/02	2002/03	2003/04	2004/05
				(In percent of GDP)
Total revenue and grants				24.8	23.0	24.1	24.9	30.3
Energy sector				8.6	5.4	9.3	10.2	15.9
	Of which: corporation tax			6.6	3.6	7.0	7.9	12.9
	Of which: royalties			1.3	1.0	1.4	1.3	1.3
Nonenergy				16.1	17.5	14.8	14.7	14.3
	Taxes			14.0	15.0	13.3	13.2	12.5
		Income		6.2	6.8	6.5	5.9	6.0
		Goods and services		6.0	6.3	4.9	5.4	4.6
			VAT	3.8	4.1	2.9	3.6	3.0
			Excise duties on petrol	0.9	0.9	0.8	0.7	0.6
			Other	1.3	1.4	1.2	1.0	1.0
		International trade		1.5	1.5	1.5	1.6	1.6
			Import duties	1.4	1.4	1.4	1.5	1.5
			Other	0.1	0.0	0.1	0.1	0.1
		Property		0.1	0.2	0.1	0.1	0.1
		Other		0.2	0.2	0.2	0.3	0.3
	Nontaxes			2.1	2.5	1.5	1.5	1.8
Capital revenue and grants				0.1	0.1	0.0	0.0	0.0
				(In percent of total revenue and grants)
Total revenue and grants				100.0	100.0	100.0	100.0	100.0
Energy sector				34.9	23.6	38.7	41.1	52.7
	Of which: corporation tax			26.5	15.7	29.0	31.6	42.6
	Of which: royalties			5.3	4.4	5.8	5.3	4.2
Nonenergy				64.9	76.1	61.2	58.9	47.3
	Taxes			56.5	65.1	55.0	52.9	41.3
		Income		25.0	29.6	26.9	23.6	19.8
		Goods and services		24.1	27.5	20.4	21.5	15.3
			VAT	15.4	17.9	12.2	14.6	10.0
			Excise duties on petrol	3.5	3.8	3.2	2.8	2.1
			Other ^1/	5.2	5.9	5.0	4.0	3.2
		International trade		6.0	6.3	6.2	6.2	5.1
			Import duties	5.7	6.2	5.9	6.0	4.9
			Other	0.3	0.2	0.3	0.3	0.2
		Property		0.4	0.7	0.4	0.4	0.2
		Other ^2/		0.9	1.0	1.0	1.1	0.9
	Nontaxes			8.4	11.0	6.3	5.9	6.0
Capital revenue and grants				0.3	0.3	0.0	0.0	0.0
Memorandum item:
Tax revenue				91.6	89.0	93.7	94.1	94.0

Source: Ministry of Finance.

^{^1/}Includes all other taxes on goods and services except for the port and airport departure taxes.

^{^2/}Stamp duties and social security contributions.

Table 13.

Trinidad and Tobago: Central Government Expenditure

(In millions of Trinidad and Tobago dollars)

Source: Ministry of Finance.

^{^1/}Includes contributions to the National Insurance Board and severance payments to central government employees.

^{^2/}Includes interest on domestic loans denominated in U.S. dollars and debt service on DFCs.

^{^3/}Statutory bodies, state enterprises (including public utilities), and local governments.

^{^4/}Comprises subsidies, nonprofit institutions, statutory authorities, transfers abroad, and other transfers (excluding Revenue Stabilization Fund).

Table 13.

Trinidad and Tobago: Central Government Expenditure

(In millions of Trinidad and Tobago dollars)

				2000/01	2001/02	2002/03	2003/04	2004/05
Total expenditure				13,860	13,961	16,048	19,068	24,141
Current				13,078	13,214	15,050	17,466	21,342
	Wages and salaries ^1/			4,284	4,225	4,548	4,849	5,309
	Other goods and services			1,768	1,742	2,038	2,375	3,172
	Interest payments			2,330	2,260	2,592	2,364	2,542
		Domestic ^2/		1,440	1,459	1,834	1,638	1,876
		External		890	800	758	726	666
	Transfers and subsidies			4,697	4,988	5,872	7,878	10,320
		Public sector ^3/		1,538	1,616	1,914	3,035	3,566
			Local government and Tobago	966	1,043	1,150	1,471	1,520
			Utilities, state enterprises	571	573	764	1,564	2,046
		Households		1,666	1,906	2,023	2,131	2,582
		Other ^4/		1,493	1,465	1,935	2,722	4,172
Capital expenditure and net lending				782	747	998	1,601	2,799
	Capital expenditure			1,027	983	1,227	1,841	3,076
	Capital transfers			0	1	2	3	4
	Net lending			-245	-236	-229	-240	-278
Memorandum item:
Noninterest spending				11,531	11,702	13,456	16,703	21,599

Source: Ministry of Finance.

^{^1/}Includes contributions to the National Insurance Board and severance payments to central government employees.

^{^2/}Includes interest on domestic loans denominated in U.S. dollars and debt service on DFCs.

^{^3/}Statutory bodies, state enterprises (including public utilities), and local governments.

^{^4/}Comprises subsidies, nonprofit institutions, statutory authorities, transfers abroad, and other transfers (excluding Revenue Stabilization Fund).

Table 13.

Trinidad and Tobago: Central Government Expenditure

(In millions of Trinidad and Tobago dollars)

				2000/01	2001/02	2002/03	2003/04	2004/05
Total expenditure				13,860	13,961	16,048	19,068	24,141
Current				13,078	13,214	15,050	17,466	21,342
	Wages and salaries ^1/			4,284	4,225	4,548	4,849	5,309
	Other goods and services			1,768	1,742	2,038	2,375	3,172
	Interest payments			2,330	2,260	2,592	2,364	2,542
		Domestic ^2/		1,440	1,459	1,834	1,638	1,876
		External		890	800	758	726	666
	Transfers and subsidies			4,697	4,988	5,872	7,878	10,320
		Public sector ^3/		1,538	1,616	1,914	3,035	3,566
			Local government and Tobago	966	1,043	1,150	1,471	1,520
			Utilities, state enterprises	571	573	764	1,564	2,046
		Households		1,666	1,906	2,023	2,131	2,582
		Other ^4/		1,493	1,465	1,935	2,722	4,172
Capital expenditure and net lending				782	747	998	1,601	2,799
	Capital expenditure			1,027	983	1,227	1,841	3,076
	Capital transfers			0	1	2	3	4
	Net lending			-245	-236	-229	-240	-278
Memorandum item:
Noninterest spending				11,531	11,702	13,456	16,703	21,599

Source: Ministry of Finance.

^{^1/}Includes contributions to the National Insurance Board and severance payments to central government employees.

^{^2/}Includes interest on domestic loans denominated in U.S. dollars and debt service on DFCs.

^{^3/}Statutory bodies, state enterprises (including public utilities), and local governments.

^{^4/}Comprises subsidies, nonprofit institutions, statutory authorities, transfers abroad, and other transfers (excluding Revenue Stabilization Fund).

Table 14.

Trinidad and Tobago: Central Government Expenditure Ratios

Source: Ministry of Finance.

^{^1/}Includes contributions to the National Insurance Board and severance payments to central government employees.

^{^2/}Includes interest on domestic loans denominated in U.S. dollars and debt service on DFCs.

^{^3/}Statutory bodies, state enterprises (including public utilities), and local governments.

^{^4/}Comprises subsidies, nonprofit institutions, statutory authorities, transfers abroad, and other transfers (excluding Revenue Stabilizatio

Table 14.

Trinidad and Tobago: Central Government Expenditure Ratios

				2000/01	2001/02	2002/03	2003/04	2004/05
				(In percent of GDP)
Total expenditure				24.2	23.1	22.3	23.0	24.7
Current				22.8	21.9	20.9	21.1	21.8
	Wages and salaries ^1/			7.5	7.0	6.3	5.9	5.4
	Other goods and services			3.1	2.9	2.8	2.9	3.2
	Interest payments			4.1	3.7	3.6	2.9	2.6
		Domestic ^2/		2.5	2.4	2.6	2.0	1.9
		External		1.6	1.3	1.1	0.9	0.7
	Transfers and subsidies			8.2	8.3	8.2	9.5	10.5
		Public sector ^3/		2.7	2.7	2.7	3.7	3.6
			Local government and Tobago	1.7	1.7	1.6	1.8	1.6
			Utilities, state enterprises	1.0	1.0	1.1	1.9	2.1
		Households		2.9	3.2	2.8	2.6	2.6
		Other ^4/		2.6	2.4	2.7	3.3	4.3
Capital expenditure and net lending				1.4	1.2	1.4	1.9	2.9
Memorandum item:
Noninterest spending				20.1	19.4	18.7	20.2	22.1
				(In percent of total expenditure)
Total spending				100.0	100.0	100.0	100.0	100.0
Current				94.4	94.6	93.8	91.6	88.4
	Wages and salaries ^1/			30.9	30.3	28.3	25.4	22.0
	Other goods and services			12.8	12.5	12.7	12.5	13.1
	Interest payments ^2/			16.8	16.2	16.2	12.4	10.5
		Domestic		10.4	10.5	11.4	8.6	7.8
		External		6.4	5.7	4.7	3.8	2.8
	Transfers and subsidies			33.9	35.7	36.6	41.3	42.7
		Public sector ^3/		11.1	11.6	11.9	15.9	14.8
		Households		12.0	13.7	12.6	11.2	10.7
		Other ^4/		10.8	10.5	12.1	14.3	17.3
Capital expenditure and net lending				5.6	5.4	6.2	8.4	11.6
Memorandum item:
Noninterest spending				83.2	83.2	83.2	83.2	83.2

Source: Ministry of Finance.

^{^1/}Includes contributions to the National Insurance Board and severance payments to central government employees.

^{^2/}Includes interest on domestic loans denominated in U.S. dollars and debt service on DFCs.

^{^3/}Statutory bodies, state enterprises (including public utilities), and local governments.

^{^4/}Comprises subsidies, nonprofit institutions, statutory authorities, transfers abroad, and other transfers (excluding Revenue Stabilizatio

Table 14.

Trinidad and Tobago: Central Government Expenditure Ratios

		2000/01	2001/02	2002/03	2003/04	2004/05
		(In percent of GDP)
Total expenditure		24.2	23.1	22.3	23.0	24.7
Current		22.8	21.9	20.9	21.1	21.8
	Wages and salaries ^1/	7.5	7.0	6.3	5.9	5.4
	Other goods and services	3.1	2.9	2.8	2.9	3.2
	Interest payments	4.1	3.7

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