Trinidad and Tobago has a long history as a transport hub. On his first trip to the region in 1595, British explorer Walter Raleigh considered the Gulf of Paria, away from the hurricane belt to the north, to be a suitable port. He found the ideal source of asphalt for caulking his ships in Pitch Lake and could use the naturally sheltered...
Trinidad and Tobago’s manufacturing sector is the largest in the English-speaking Caribbean. In 2016 it was expected to represent 7.8% of total GDP, with total output worth an estimated TT$8.29bn ($1.2bn), according to the government’s estimates in the “Review of the Economy 2016”. This made it the third-largest sector of the economy after the...
The construction industry is an important part of the local economy, accounting for almost 5% of GDP. Central bank data projected this figure would fall to 4.7% in 2016, a 0.2-percentage-point decrease from the year before. The bank also expected the construction and quarrying segment would contract by 7.6% in 2016. This downturn in...
Established in October 1981, the Trinidad and Tobago Stock Exchange (TTSE) played a key role in socialising the benefits of economic growth that followed the discovery of hydrocarbons reserves in the 1960s.
The year 2016 was expected to be a challenging one for the stock market in Trinidad and Tobago, with several economic headwinds testing the confidence of investors. Against all odds, the local market demonstrated considerable resilience, with the main driver of market momentum coming from the cross-listed index. The T&T Composite Index (...
Government bond issuance in Trinidad and Tobago was relatively quiet in 2016, with just two new issues of government debt coming to market, totalling TT$2.16bn ($322.7m). This would have come as a surprise to most market participants, particularly given the budgetary requirements to meet target spending. However, 2017 is likely to see...
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