In late 2015 and early 2016 the newly elected government of Trinidad and Tobago took three major steps to set the policy for FY 2015/16 – which ends on September 30, 2016 – and immediately beyond it.
In late 2015 and early 2016 the newly elected government of Trinidad and Tobago took three major steps to set the policy for FY 2015/16 – which ends on September 30, 2016 – and immediately beyond it.
The Comprehensive Economic Development Plan 2013-17, also known as CEDP 2.0, places a major emphasis on developing business enterprise and entrepreneurship. Tobago had 4.6% of Trinidad and Tobago’s total population as of the 2011 census, but contributed less than 1.2% to its GDP. The development plan states it is critical to narrow or close...
A significant segment of the tourism business is focused on water vessels, ranging from large luxury cruisers to recreational yachts. According to the Central Statistical Office (CSO), cruise ship passenger visits to Tobago more than tripled in 2015, rising from 16,159 in 2014 to 56,220, indicating that cruise ship tourism is emerging as a...
While the agriculture sector of Trinidad and Tobago has experienced a steady decline in recent decades, the government is looking to reinvigorate growth, with a focus on value-added and niche products.
Contributing a significant percentage to GDP and providing work for a large part of the workforce, small and medium-sized enterprises (SMEs) comprise a vital part of the Trinidad and Tobago economy. According to the T&T Chamber of Industry and Commerce (TTCIC), there were more than 20,000 SMEs operating in the country as of 2011 – the...
Trinidad and Tobago stands out in the Caribbean and the Americas as a comparatively wealthy, hydrocarbons-based economy with rich and diverse cultural traditions and a robust democratic system. The twin-island country has a population of 1.35m people, a GDP of $35.2bn and a GDP per capita of $26,220, both calculated on a purchasing power...
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