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This paper discusses economic developments, outlook, and risks in Trinidad and Tobago. The economic output of Trinidad and Tobago has continued to shrink. Ongoing maintenance and further declines in gas and oil production are estimated to have driven energy output 4.7 percent lower (year over year) as of September 2015. The longstanding current account surplus turned into a 5.4 percent of GDP deficit in 2015. The significant terms-of-trade shock implies that the real effective exchange rate has become more overvalued. Risks to growth are tilted to the downside, and much will depend on the authorities’ ability to navigate the transition to the lower energy price environment.

Economic development --- Trinidad and Tobago --- Economic conditions. --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Republic of Trinidad and Tobago --- República de Trinidad y Tobago --- Torinidaddo Tobago --- Torinidādo Tobago --- Trinidad & Tobago --- Trinidad ja Tobago --- Trinidad och Tobago --- Trinidad-Tobago --- Ṭrinidad ṿe-Ṭobago --- Trinidad y Tobago --- Trinité-et-Tobago --- טרינידד וטובגו --- トリニダッド・トバゴ --- トリニダード・トバゴ --- Tobago (Colony) --- Trinidad --- West Indies (Federation) --- Banks and Banking --- Foreign Exchange --- Macroeconomics --- Public Finance --- Statistics --- Finance: General --- Energy: Demand and Supply --- Prices --- National Government Expenditures and Related Policies: General --- Debt --- Debt Management --- Sovereign Debt --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- Public finance & taxation --- Energy industries & utilities --- Currency --- Foreign exchange --- Econometrics & economic statistics --- Expenditure --- Energy subsidies --- Energy pricing --- Public debt --- Expenditures, Public --- Debts, Public --- Fiscal policy --- Revenue --- Economic statistics