Trinidad and Tobago Economy

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 Trinidad and Tobago’s economic freedom score is 58.3, making it's economy the 109th freest in the 2020 Index. Its overall score has increased by 1.3 points due to higher scores for property rights and government integrity. Trinidad and Tobago are ranked 21st among 32 countries in the Americas region, and its overall score is below the regional and world averages.

The economy of Trinidad and Tobago fell from the ranks of the moderately free in 2018 and remains in the mostly unfree category in 2020. Economic growth has been correspondingly slow.

Two events in 2019 highlight the impediments to greater economic freedom in Trinidad and Tobago. The minister for public administration was dismissed in mid-August following her arrest on corruption charges. That was a blow to an already weak reputation for government integrity. In addition, a mid-year budget review for the fiscal year 2018–2019 projected a wider fiscal deficit, which will likely further erode the country’s already poor fiscal health.

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