Retail

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Trinidad and Tobago’s retail sector has been impacted by the national economy’s recent period of slow growth, with consumer behaviour – including reduced consumption and evolving spending patterns – accounting for shortfalls in an otherwise promisings sector.

How has the recent uptick in economic activity affected the strategy of domestic producers?

What effect has government deficit spending had on the overall economy of the country?

Trinidad and Tobago’s economic output remains intertwined with energy revenue, despite the fact that the effects of the 2009 oil boom have long since declined. The country has emerged from its recessionary period following three consecutive quarters of growth, but, as Paula Gopee-Scoon, the minister of trade and industry, notes, between 2017 and 2019 there were difficulties...

Chapter | Industry & Retail from The Report: Trinidad & Tobago 2020

Industry and retail, once the focus of diversification efforts, represent important possible...

Trinidad and Tobago is the largest producer of oil and gas in the Caribbean. While there is a need to diversify the economy away from its dependence on hydrocarbons, a number of new discoveries in late 2019 appear set to support a short-term recovery in the energy sector and lend financing to the wider economy.

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