The government is aiming to boost agriculture’s contribution to GDP to 20% by 2025 through partnership with international institutions and private enterprises. It also intends to reduce food imports, which reached €523.8m in 2014. Efforts are under way to ensure that sector management is sustainable.
This chapter includes interviews with Gagan Gupta, Country Head, Olam; and Gert...
An upper-middle-income country situated on the Gulf of Guinea, Gabon is one of Africa’s leading oil producers. With a population of around 1.7m and a stable political system, it plays a leading role in the region through its membership in the CEMAC economic bloc.
Lower government revenues following the downturn in global hydrocarbons prices have prompted Trinidad and Tobago to re-evaluate its spending priorities and intensify its efforts to diversify the largely energy-driven economy. Thanks to the country’s strong fundamentals, 2015 is expected to be a recovery year, with the Caribbean Development Bank forecasting expansion of 1.7%, after GDP growth of less than 1% in 2014.
The agricultural sector accounts for a tiny portion of T&T’s overall economy. It contributed an estimated 0.5% of GDP in 2014, according to the UN’s Food and Agriculture Organisation, while agricultural exports contributed just 0.01% of GDP. In labour terms, the sector accounted for 3.5% of total employment in 2013, or some 22,000 jobs, according to the central bank. While this is largely...
Buoyed by revenues from the oil and gas industry, education is one of T&T’s strengths. In its “Global Competitiveness Report 2014-15”, the World Economic Forum ranked T&T 44th for the general quality of its education system, 43rd for primary education, 35th for maths and science, and 33rd for its management schools, out of 144 countries. Unsurprisingly, the government has made...
Buoyed by revenues from the oil and gas industry, education can be considered one of the great economic strengths of Trinidad and Tobago, which stands out among emerging markets by this measure. In its “Global Competitiveness Report 2014-15” on 144 countries, the World Economic Forum ranked T&T as 89th for overall competitiveness, but 44th for the general quality of...
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