Macro-economic Data

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    A. Demography and Macroeconomy

    A.1 Population
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Total population1.36 million1.35 million1.35 million
    WDI
    		A.1.1
    Total number of households  .4 millionA.1.2
    Average household size  3.30A.1.3
    Urban population (% of total)8.45% of total8.55% of total8.67% of total
    WDI
    		A.1.4
    Urban population growth (annual %)-.82%-.89%-.98%
    WDI
    		A.1.5
    A.2 Economy
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    GDP, current prices (U.S. dollars)24,553 USD (millions)27,268 USD (millions)26,444 USD (millions)
    WEO
    		A.2.1
    GDP based on PPP valuation of country GDP (Current international dollar)44,306 USD (millions)44,652 USD (millions)44,381 USD (millions)
    WEO
    		A.2.2
    GDP per capita, current prices (U.S. dollars)18,085.76 USD 20,185.98 USD 19,674.03 USD
    WEO
    		A.2.3
    GDP based on PPP per capita GDP (Current international dollar)32,635.46 USD 33,054.46 USD 33,018.22 USD
    WEO
    		A.2.4
    GDP, constant prices (Percent change)-1.76%-1.02%2.26%
    WEO
    		A.2.5
    Inflation, end of period consumer prices (Percent change)1.49%8.49%5.68%
    WEO
    		A.2.6
    GDP, deflator (Index)170.69186.23179.71
    WEO
    		A.2.7
    Consumer price index133.63127.68120.81
    WDI
    		A.2.8
    Growth in urban household income (%/year)A.2.13
    Employment (% of total laborforce)A.2.14
    Unemployed3.5%  A.2.14.3
    Interest Rates:A.2.15
    Central bank lending/discount rate6.75%5.25%4.75%
    IFS
    		A.2.15.1
    Yield on 3 months treasury bills.47%.1%.16%
    IFS
    		A.2.15.2
    Average bank deposit rate1.5%1.5%1.5%
    IFS
    		A.2.15.4
    Lending rate8.18%7.5%7.5%
    IFS
    		A.2.15.5
    B. Housing Market
    B.1 Housing Stock: Production, Transactions
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Number of dwelling units:B.1.1
    Total  .42 million
    Ministry of Planning and Economy
    		B.1.1.1
    Characteristics of housing stock:B.1.3
    Tenure in urban areas (%):B.1.4
    Owner-occupied units  75.8% of totalB.1.4.1
    Private rental units  15.1% of totalB.1.4.3
    Public / social rental units  6.9% of totalB.1.4.4
    Estimated Number of units completed/yearB.1.5
    B.2 Housing Prices and Cost for Urban Areas or Capital City
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Median urban house price in USD:B.2.1
    Existing housing186,046.51 USD 219,092.33 USD 155,530.61 USD B.2.1.2
    Median house price to median annual HH income:B.2.2
    Annual average % change in median house prices:B.2.3
    M2 construction cost for median quality houseB.2.4

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    Notes: "Stamp Duty" must be paid when buying real estate or a home, or seeking a mortgage.
    Notes: "Stamp Duty" must be paid when buying real estate or a home, or seeking a mortgage.
    Notes: "Stamp Duty" must be paid when buying real estate or a home, or seeking a mortgage.
    Notes: "Stamp Duty" must be paid when buying real estate or a home, or seeking a mortgage.
    Notes: "Stamp Duty" must be paid when buying real estate or a home, or seeking a mortgage.
    Notes: "Stamp Duty" must be paid when buying real estate or a home, or seeking a mortgage.
    Notes: "Stamp Duty" must be paid when buying real estate or a home, or seeking a mortgage.
    Notes: "Stamp Duty" must be paid when buying real estate or a home, or seeking a mortgage.
    Notes: "Stamp Duty" must be paid when buying real estate or a home, or seeking a mortgage.
    Notes: "Stamp Duty" must be paid when buying real estate or a home, or seeking a mortgage.
    Notes: "Stamp Duty" must be paid when buying real estate or a home, or seeking a mortgage.
    Notes: "Stamp Duty" must be paid when buying real estate or a home, or seeking a mortgage.
    Notes: "The District Revenue Officer in valuing any rented building for the purposes of this Act may in his discretion make such deductions or allowances, but in respect of voids and loss of rent only, as he may think proper."
    Notes: "The District Revenue Officer in valuing any rented building for the purposes of this Act may in his discretion make such deductions or allowances, but in respect of voids and loss of rent only, as he may think proper."
    Notes: Average NPL % of 2010-2015.
    Notes: Average NPL % of 2010-2015.
    Notes: Average NPL % of 2010-2015.
    Notes: Average NPL % of 2010-2015.
    Notes: Average NPL % of 2010-2015.
    Notes: Average NPL % of 2010-2015.
    Notes: Base Year
    Notes: Based on the Mortgage Market Reference Rate (MMRR).
    Notes: Home Mortgage Bank is privately managed secondary mortgage market maker who possesses a small (6%) of mortgages outstanding in bond value.
    Notes: Includes commercial real estate loans as well as residential. Central Bank Trinidad and Tobago does not differentiate the two mortgage balances.
    Notes: Includes commercial real estate loans as well as residential. Central Bank Trinidad and Tobago does not differentiate the two mortgage balances.
    Notes: Includes commercial real estate loans as well as residential. Central Bank Trinidad and Tobago does not differentiate the two mortgage balances.
    Notes: Includes commercial real estate loans as well as residential. Central Bank Trinidad and Tobago does not differentiate the two mortgage balances.
    Notes: Includes commercial real estate loans as well as residential. Central Bank Trinidad and Tobago does not differentiate the two mortgage balances.
    Notes: Includes commercial real estate loans as well as residential. Central Bank Trinidad and Tobago does not differentiate the two mortgage balances.
    Notes: Includes commercial real estate loans as well as residential. Central Bank Trinidad and Tobago does not differentiate the two mortgage balances.
    Notes: Includes commercial real estate loans as well as residential. Central Bank Trinidad and Tobago does not differentiate the two mortgage balances.
    Notes: Includes commercial real estate loans as well as residential. Central Bank Trinidad and Tobago does not differentiate the two mortgage balances.
    Notes: Includes commercial real estate loans as well as residential. Central Bank Trinidad and Tobago does not differentiate the two mortgage balances.
    Notes: Includes commercial real estate loans as well as residential. Central Bank Trinidad and Tobago does not differentiate the two mortgage balances.
    Notes: Includes commercial real estate loans as well as residential. Central Bank Trinidad and Tobago does not differentiate the two mortgage balances.
    Notes: Includes commercial real estate loans as well as residential. Central Bank Trinidad and Tobago does not differentiate the two mortgage balances.
    Notes: Includes commercial real estate loans as well as residential. Central Bank Trinidad and Tobago does not differentiate the two mortgage balances.
    Notes: Includes commercial real estate loans as well as residential. Central Bank Trinidad and Tobago does not differentiate the two mortgage balances.
    Notes: Includes commercial real estate loans as well as residential. Central Bank Trinidad and Tobago does not differentiate the two mortgage balances.
    Notes: Includes commercial real estate loans as well as residential. Central Bank Trinidad and Tobago does not differentiate the two mortgage balances.
    Notes: Includes commercial real estate loans as well as residential. Central Bank Trinidad and Tobago does not differentiate the two mortgage balances.
    Notes: Includes commercial real estate loans as well as residential. Central Bank Trinidad and Tobago does not differentiate the two mortgage balances.
    Notes: Includes commercial real estate loans as well as residential. Central Bank Trinidad and Tobago does not differentiate the two mortgage balances.
    Notes: Includes commercial real estate loans as well as residential. Central Bank Trinidad and Tobago does not differentiate the two mortgage balances.
    Notes: Land Regularization of Tenure Act 25 of 1998 designed to address nationwide issue of informal squatting.
    Notes: Legal limitations set by Central Bank on maximum fluctuation on variable rate mortgages within 3-year period.
    Notes: Legal limitations set by Central Bank on maximum fluctuation on variable rate mortgages within 3-year period.
    Notes: Legal limitations set by Central Bank on maximum fluctuation on variable rate mortgages within 3-year period.
    Notes: Majority of mortgage lending (67%) done by commercial banks funded by deposits.
    Notes: Only on sale of assets within 12 months of acquisition does capital gains tax of 25% apply.
    Notes: Only on sale of assets within 12 months of acquisition does capital gains tax of 25% apply.
    Notes: Only on sale of assets within 12 months of acquisition does capital gains tax of 25% apply.
    Notes: Only on sale of assets within 12 months of acquisition does capital gains tax of 25% apply.
    Notes: Only on sale of assets within 12 months of acquisition does capital gains tax of 25% apply.
    Notes: Only on sale of assets within 12 months of acquisition does capital gains tax of 25% apply.
    Notes: Tax Exemptions for Housing Developers
    Notes: Tax Exemptions for Housing Developers
    Notes: The First Home Purchase (FHP) Subsidy is for people who want to buy their first home, but cannot due to limited financial means. It is an upfront subsidy to help reduce the cost of a mortgage.
    Notes: The First Home Purchase (FHP) Subsidy is for people who want to buy their first home, but cannot due to limited financial means. It is an upfront subsidy to help reduce the cost of a mortgage.
    Notes: The First Home Purchase (FHP) Subsidy is for people who want to buy their first home, but cannot due to limited financial means. It is an upfront subsidy to help reduce the cost of a mortgage.
    Notes: The First Home Purchase (FHP) Subsidy is for people who want to buy their first home, but cannot due to limited financial means. It is an upfront subsidy to help reduce the cost of a mortgage.
    Notes: The First Home Purchase (FHP) Subsidy is for people who want to buy their first home, but cannot due to limited financial means. It is an upfront subsidy to help reduce the cost of a mortgage.
    Notes: The First Home Purchase (FHP) Subsidy is for people who want to buy their first home, but cannot due to limited financial means. It is an upfront subsidy to help reduce the cost of a mortgage.
    Notes: Third largest lending category is that of insurance companies, whose mortgage arm "borrows" from funds of parent company.
    Notes: Trinidad and Tobago Mortgage Finance Company is second leading lender by balance--funded by the government.
    Notes: Trinidad and Tobago Mortgage Finance Corporation has operated as the mortgage lending vehicle for the government since 2002.
    Notes: Trinidad and Tobago Mortgage Finance Corporation has operated as the mortgage lending vehicle for the government since 2002.
    Notes: Trinidad and Tobago Mortgage Finance Corporation has operated as the mortgage lending vehicle for the government since 2002.
    Notes: TTMFC offers up to 95% financing for a home.