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,...
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Articles & Analysis | Various government agencies are working to boost exports and inward investment in Trinidad and Tobago from The Report: Trinidad & Tobago 2015
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?
Articles & Analysis | Trinidad and Tobago has taken notable steps to improve the business environment from The Report: Trinidad & Tobago 2015
Trinidad and Tobago was one of 10 countries identified by the World Bank in its “Doing Business 2015” report as having improved the most in terms of the ease of doing business through 2013-14. Of the 189 countries assessed by the organisation, T&T’s overall rank was 79th. By this measure, it compares favourably with other CARICOM and Latin America countries....
Interviews & Viewpoints | Larry Howai, Minister of Finance and the Economy: Interview from The Report: Trinidad & Tobago 2015
What effects does the Ministry of Finance expect oil and gas prices will have on state revenues?