Business
T&T’s economy gets failing grade
U.W.I. economists rates T&T’s economy as one of the worst performing economies in the Caribbean.
Port of Spain, Trinidad & Tobago – Trinidad and Tobago is among the worst-performing economies in the Caribbean, with an average annual GDP growth rate of -2.7% between 2015 and 2022.
In stark contrast, Guyana’s economy grew at an impressive average of 18% per year during the same period, positioning it as a model for rapid economic development in the region. This disparity in economic performance highlights the differing trajectories of the two nations, with Guyana’s growth largely fueled by its burgeoning oil and gas sector.
