Sources: Trinidad and Tobago's authorities, World Bank, UN Human Development Report, WEO, and IMF staff estimates and projections.

1/ Includes taxes less subsidies on products.

2/ Data refer to fiscal year, for example 2024 covers FY2024 (October 2023-September 2024).

3/ Defined as non-energy revenue minus expenditure (net of interest payments) of the central government, as a share of non-energy GDP.

4/ The fiscal overall balance excludes proceeds from sales of financial assets and transfers from the Heritage and Stabilization Fund.

5/ In accordance with the 2014 GFSM, capital expenditure includes costs incurred to settle wage increases for public servants that pertain to previous fiscal years."

6/ Excluding debt issued for sterilization, public bodies' debt, and borrowing from the Central Bank of Trinidad and Tobago (CBTT).

7/ Includes central government debt and guaranteed debt of non-self-serviced State-Owned Enterprises (SOEs) and statutory authorities.

8/ WEO simple average of three spot prices: Dated Brent, West Texas Intermediate, and Dubai Fateh.

9/ WEO price reported as a reference. Trinidad and Tobago exports energy to markets in the Americas, Europe, and East Asia each of which has different price benchmarks."