Economic issues will persist in Trinidad and Tobago

Significance According to the Fund, the country is undergoing a gradual and sustained economic recovery for the first time in a decade, building on the estimated 2.1% growth in GDP in 2023 and supported by the non-energy sector, particularly construction and manufacturing. Impacts Continued upheaval in Venezuela may undermine prospects for some energy projects. Foreign exchange shortages will pose continuing problems for local businesses and neighbouring countries. Crime and climate issues may threaten continued recovery in the tourism sector, notably in Tobago where violent crime is rising.