Comparatively wealthy and economically diverse with active finance, manufacturing and transport sectors, Trinidad and Tobago is also the largest Caribbean oil producer and the world’s sixth-largest exporter of liquefied natural gas (LNG). It has an ethnically diverse population, strong democratic traditions, and a vibrant local cultural and sporting life.
Economy
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Articles & Analysis | The region’s largest energy producer, Trinidad and Tobago is pushing ahead with diversification from The Report: Trinidad & Tobago 2015
Interviews & Viewpoints | Prime Minister Kamla Persad-Bissessar: Interview from The Report: Trinidad & Tobago 2015
Which structural adjustments to the economy are priorities in light of low oil and gas prices?
Articles & Analysis | Various government agencies are working to boost exports and inward investment in Trinidad and Tobago from The Report: Trinidad & Tobago 2015
As a small twin-island nation, foreign trade is an important part of Trinidad and Tobago’s economy. In 2014 merchandise exports and merchandise imports amounted to $11.81bn and $8.39bn, respectively, according to the central bank’s “2014 Annual Economic Survey”, with total GDP that year reaching around $28bn. Some 85% of exports are accounted for by the energy sector,...
Interviews & Viewpoints | Vasant Bharath, Minister of Trade, Industry, Investment and Communications (MTIIC): Interview from The Report: Trinidad & Tobago 2015
To what extent is boosting the capacity of industry and services in Trinidad and Tobago linked to trade?
Articles & Analysis | Although lower hydrocarbons prices are set to reduce government revenues, Trinidad and Tobago's economic fundamentals remain strong from The Report: Trinidad & Tobago 2015
Despite its small size, Trinidad and Tobago ranks highly on a number of economic development indicators. According to estimates by the IMF, per capita income in T&T was $21,310 in 2014, the third-highest level in the Americas, after the US and Canada. Meanwhile, the World Bank categorises T&T as a high-income, non-OECD nation, while the World Economic Forum (WEF...
Interviews & Viewpoints | Gerard Johnson, General Manager of the Caribbean Country Department, Inter-American Development Bank (IDB): Interview from The Report: Trinidad & Tobago 2015
What policy interventions should be prioritised given the current low commodity price environment?