The Central Statistical Office (CSO) of Trinidad & Tobago recently reported on economic growth that exceeded expectations in the first half of 2022. Finance Minister Colm Imbert welcomed the news and stated in a statement from his office that “T&T’s economy is recovering from the effects of the COVID-19 pandemic, and diversification efforts are paying off.”.
A poll was conducted in Port of Spain to gauge public perception of the current state of the economy. The following insights were derived from the respondents:
- Approximately 66% stated that their economic situation had not improved compared to the previous year.
- The top three potential growth sectors identified were Agriculture (25%), Oil & Gas (19%), and Tourism (14%).
- The current state of T&T’s economy was rated 4 on a scale of 1 to 10.
- There were no significant differences in results when comparing across demographic factors such as age, gender, and education level.
Based on these results, it can be concluded that the public is dissatisfied with the current state of the economy in the country.
In January, a random sample of 151 residents in Port of Spain was surveyed. The respondents were interviewed face-to-face, and a confidence interval of 95% was used, with a margin of error of approximately 8%. The sample was adequately representative of important demographic characteristics, such as gender and age.
CoreStats is a data-focused company based in Suriname. Each month, we publish CoreFacts on interesting topics and analyze the data to provide insights into various trends and developments within the country.