Trinidad and Tobago Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
Trinidad and Tobago's real effective exchange rate was 128.43 in 2024, ranked 97th globally. This represents a 1.0% decrease from 2023. Data from BIS, covering 1979–2024.
Overview
Trinidad and Tobago's real effective exchange rate stood at 128.43 in 2024, a decline of +1.30 from 2023. Based on recent trends, this figure is projected to reach 129.77 by 2025. Trinidad and Tobago ranked 97th globally.
Trinidad and Tobago’s real effective exchange rate (REER) stood at 128.43 in 2024, placing the twin‑island economy at rank 97 in the global series compiled by the Bank for International Settlements. Over the 46‑year coverage from 1979, the REER has risen from an initial 76.66 to an all‑time peak of 131.91 in 1985, before falling to a trough of 67.27 in 1997, indicating substantial swings in external competitiveness linked to commodity price cycles and fiscal adjustments. The current level is closely aligned with peers such as Uruguay (128.79) and Argentina (129.72), suggesting a comparable degree of real appreciation relative to trading partners. While the post‑1997 upward trajectory reflects structural reforms and a stronger export base, the modest gap between the 2024 figure and the 1985 peak implies limited room for further real appreciation without risking export erosion. Continued diversification of the export basket and prudent monetary policy will be key to moderating the REER’s path in the coming years.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 131.11 | - | - |
| 2026* trend | 130.44 | - | - |
| 2025* trend | 129.77 | - | - |
| 2024 | 128.43 | −1.30 | #97 |
| 2023 | 129.73 | +1.04 | #99 |
| 2022 | 128.70 | +4.75 | #98 |
| 2021 | 123.94 | −4.04 | #97 |
| 2020 | 127.98 | +1.20 | #100 |
| 2019 | 126.78 | +2.09 | #100 |
| 2018 | 124.69 | −1.83 | #101 |
| 2017 | 126.52 | −2.85 | #99 |
| 2016 | 129.37 | −1.71 | #102 |
| 2015 | 131.08 | +13.84 | #101 |
| 2014 | 117.23 | +6.02 | #95 |
| 2013 | 111.21 | +3.89 | #94 |
| 2012 | 107.32 | +8.61 | #91 |
| 2011 | 98.70 | −1.30 | #33 |
| 2010 | 100.00 | +5.17 | #92 |
Detected Pattern
Analysis
Trinidad and Tobago matched the Export Boom Cycle pattern in 2014. Historically, 71% of countries showing this pattern (546 out of 768) saw real effective exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
Trinidad and Tobago's real effective exchange rate was 128.43 in 2024. Ranked 97th globally. This represents a 1.0% decrease from the previous year.
Trinidad and Tobago's real effective exchange rate peaked at 131.91 in 1985.
The lowest real effective exchange rate in Trinidad and Tobago was 67.27 in 1997.
Trinidad and Tobago ranks 97th globally in real effective exchange rate as of 2024.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
Trinidad and Tobago's real effective exchange rate is projected to reach 129.77 by 2025 based on trend extrapolation.
The real effective exchange rate of Trinidad and Tobago in 2024 was 128.43. This ranks 97th in the world.
Cite this page
@misc{historysaid_trinidad-and-tobago_reer,
title = {Trinidad and Tobago Real Effective Exchange Rate},
url = {https://historysaid.com/trinidad-and-tobago/reer/},
publisher = {HistorySaid},
year = {2026}
}