Despite economic growth slowing in 2015 and 2016, Trinidad and Tobago’s banks remain profitable and may even see benefits from the end of a long period of very low interest rates. According to the Central Bank of T&T (CBTT), for the past five years growth in the financial sector (including finance, insurance and real estate) has outpaced economic expansion. In 2015 the nation’s GDP...
Trinidad & Tobago
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The smaller island of Tobago has a history of colonial rule by a succession of different European powers, including Spain, France and Britain, and in 1889 the British government first grouped the island with Trinidad under a single colonial administration. Trinidad & Tobago sought and achieved independence from British colonial rule in 1962 and became a repub¬lic in 1976. A significant...
At first glance, the newly elected government of Trinidad and Tobago faces a formidable first year, marked by one of the deepest slumps in energy prices seen in recent decades. According to provisional data by the Central Bank of T&T, the twin-island economy contracted by 2.1% in 2015, with GDP down 3% year-on-year in the fourth quarter of the year, reflecting a 5% contraction in the...
Chapter | Country Profile from The Report: Trinidad & Tobago 2016
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 and a per capita GDP that places the country among the wealthiest in the Americas, behind the US and Canada, and ahead of most Caribbean and...
Although low oil and gas prices in 2015 had a negative economic effect on the Trinidad and Tobago, the current government is pursuing a series of reforms aimed at both strengthening the important energy sector and diversifying the wider economy.
Articles & Analysis | Plenty pepper: The nation’s street food staples have Asian flavour from The Report: Trinidad & Tobago 2016
Before Trinidad and Tobago declared independence in 1962, the twin-island republic was ruled by France, Spain and the UK. A common element between these periods was the heavy reliance on a labour force often comprising indigenous Amerindian people, as well as immigrant workers from Africa, India and, to a lesser extent, China, the Middle East...