Trinidad

Topics: Monetary policy, Inflation, Caribbean Pages: 2 (528 words) Published: June 30, 2014
Trinidad and Tobago
Population 1,225,225 (July 2013) The average annual percent change in the population, resulting from a surplus (or deficit) of births over deaths and the balance of migrants entering and leaving a country. The rate may be positive or negative. Literacy: definition: age 15 and over can read and write

Total population: 98.6%
All rates are based on the most common definition - the ability to read and write at a specified age GDP - per capita (PPP): $20,400 (2012 est.) This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year. GDP - real growth rate: 0.7% (2012 est.) This entry gives GDP growth on an annual basis adjusted for inflation and expressed as a percent. Unemployment rate: 6.3% (2012 est.)

Inflation rate (consumer prices): 8.7% (2012 est.) This entry furnishes the annual percent change in consumer prices compared with the previous year's consumer prices. Economic freedom rank 72
Budget surplus (+) or deficit (-): -2.7% of GDP (2012 est.)
Monetary Policy refers to those actions and decisions undertaken by the Bank to create appropriate conditions that are in line with the economic objectives of the country. In conducting monetary policy, the Bank keeps a close watch on economic developments with a view to maintaining a low and stable rate of inflation, an orderly foreign exchange market and an adequate level of foreign exchange reserves. It then utilises a range of monetary policy tools to influence the level of liquidity in the banking system which indirectly influences the level of interest rates and, ultimately, the overall demand for goods and services in the economy. The Trinidad and Tobago Stock Exchange (TTSE) is the main stock exchange in the Republic of Trinidad and Tobago. Currently the leading stock exchange in the Caribbean region (by market capitalization), the Trinidad and Tobago stock exchange caters mostly to the strong financial position of many indigenous...
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