After two years of contraction, the Trinidad & Tobago economy is expected to have returned to growth in 2018, fuelled by increased energy sector returns and a recovery in strategic non-hydrocarbons sectors, including manufacturing and insurance.
Trinidad & Tobago
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Economic update | Trinidad and Tobago emerges from recession with increased energy earnings and improved efficiency
1 Nov 2018
Stronger energy revenues, improved tax collection and a solid performance in the non-oil sector should combine to deliver Trinidad and Tobago’s first annual GDP growth since 2015, according to estimates in this fiscal year’s budget.
Articles & Analysis | Improving health care in Trinidad and Tobago boosts demand for domestic and foreign pharmaceuticals from The Report: Trinidad & Tobago 2018
In recent decades, the pharmaceutical market has expanded its geographical reach. This trend appears to be here to stay; in a survey of major pharmaceutical firms conducted by global consulting firm PwC’s Strategy& team, more than half of respondents anticipated that over 30% of their global sales would originate in emerging markets by...
Articles & Analysis | Technical and vocational training key to improving global employment rates from The Report: Trinidad & Tobago 2018
Although priorities vary when it comes to economic development, the increasing need for skilled labour is both a cause of and a requirement for accelerated growth across markets. This demand for technical specialists is often most concentrated in the sectors that are vital to economic advancement, including infrastructure, oil and gas...
Articles & Analysis | Health sector adopts resilience strategies to reduce unhealthy trends in Trinidad and Tobago from The Report: Trinidad & Tobago 2018
In a show of commitment to the well-being of citizens, the government allocated TT$6.03bn ($894.4m) to the health sector in the FY 2018 budget, placing it in the top-three publicly funded areas of the economy behind education and national security. While this figure represents a decline from FY 2017, when the allocation was TT$6.25bn ($927m),...
Articles & Analysis | Renewables to drive diversification in Trinidad and Tobago's energy market from The Report: Trinidad & Tobago 2018
Trinidad and Tobago’s electricity generation is completely fired by fuel, but only 8% of its natural gas output is channelled to electricity generation. Directing the gas to its power stations deprives the country of potential revenues that could be gained from selling liquefied natural gas (LNG) as feedstock, especially given that only one of...