In its September Monetary Policy Announcement, the Central Bank of Trinidad and Tobago indicated that real gross domestic product contracted by 2.1 percent during the first quarter of 2025.
This is according to data from the Central Statistical Office, compared to the same period for 2024.
It indicated that there were declines in both the energy and non-energy sectors – of 4.8 percent and 1.0 percent respectively.
Preliminary data from the Ministry of Energy and Energy Industries suggests mixed performances heading into the second quarter.
In April 2025, natural gas production fell by 2.1 percent, while crude oil production registered a small increase of 0.3 percent.
The petrochemical industry recorded expansions in ammonia of 6.9 percent and urea of 26.7 percent, but there was a notable decline in methanol output of minus 28.1 percent.
The next Monetary Policy Announcement is scheduled for December 31, 2025.