Economy

Following a deep recession and calls both domestically and internationally to boost financial transparency and broaden its tax base, Trinidad and Tobago has moved forward with the establishment of the T&T Revenue Authority (TTRA). While policymakers have long worked to streamline tax collection, the TTRA is the most important step taken by the government to date aimed at...

With a stable democratic system and strong regional and international ties, Trinidad and Tobago is one of the most prosperous countries in the Caribbean. The twin-island nation is rich in oil and gas, the economy is comparatively wealthy, and the twin island nation is known worldwide for its vibrant cultural and musical traditions. Nevertheless, T&T has faced a series of...

The twin-island nation of Trinidad and Tobago is located in the southern end of the Caribbean, just off the coast of Venezuela. Its rich and varied heritage lends itself to a vibrant society and cuisine spawned from an array of ethnicities and religions. The islands have also positioned themselves as a regional centre for culture and sport, attracting 197,700 tourist arrivals...

As the political, economic and migration crisis rolls on in Venezuela, a significant number of refugees continue to make their way to Trinidad and Tobago. This had led to concerns over the possible economic consequences of the recent influx. In June 2019 the UN estimated that 40,000 people had arrived to T&T. As migrants now make up 2.9% of T&T’s population – the...

The consolidation of our economic stability and the capacity to remain effectively integrated into the global financial and trade architecture remains a priority for my government as we continue the search for measures to strengthen our fiscal resilience through diversification. Our national development ambitions should be buttressed by an enabling international economic...