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| TRINIDADIAN-TOBAGONIAN ECONOMY STATS: |
| Top Stats |
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Agriculture > products
cocoa, sugarcane, rice, citrus, coffee, vegetables; poultry |
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Debt > External
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$2,869,000,000.00 |
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[108th of 136]
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Economic freedom
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2.4 |
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[43rd of 156]
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Economy > Overview
Trinidad and Tobago has earned a reputation as an excellent investment site for international businesses and has one of the highest growth rates and per capita incomes in Latin America. Recent growth has been fueled by investments in liquefied natural gas (LNG), petrochemicals, and steel. Additional petrochemical, aluminum, and plastics projects are in various stages of planning. Trinidad and Tobago is the leading Caribbean producer of oil and gas, and its economy is heavily dependent upon these resources but it also supplies manufactured goods, notably food and beverages, as well as cement to the Caribbean region. Oil and gas account for about 40% of GDP and 80% of exports, but only 5% of employment. The country is also a regional financial center, and tourism is a growing sector, although it is not proportionately as important as in many other Caribbean islands. The economy benefits from a growing trade surplus. Economic growth reached 12.6% in 2006 and 5.5% in 2007 as prices for oil, petrochemicals, and LNG remained high, and as foreign direct investment continued to grow to support expanded capacity in the energy sector. |
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Exports
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$13,390,000,000.00 |
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[73rd of 189]
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GDP
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$19,911,220,000.00 |
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[77th of 203]
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GDP > PPP
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$15,761,000,000.00 |
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[108th of 163]
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GDP > Real growth rate
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5.5% |
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[91st of 198]
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GDP growth > annual %
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6.98 annual %
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[33rd of 187]
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GINI index
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38.88
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[11th of 40]
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Gross National Income
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$7,808,790,000.00 |
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[85th of 172]
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Human Development Index
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0.801 |
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[57th of 178]
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Income distribution > Poorest 10%
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2.1% |
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[77th of 114]
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Income distribution > Richest 10%
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29.9% |
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[59th of 114]
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Population below poverty line
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17% |
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[12th of 46]
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Population under $1 a day
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12.4 |
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[42nd of 59]
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Poverty > Share of all poor people
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0.02 % of world's poor |
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[62nd of 80]
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Public debt
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27.9 % of GDP |
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[75th of 121]
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Technological achievement
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0.33 |
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[37th of 68]
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Tourist arrivals
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324,000 |
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[85th of 152]
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... View all Economy stats
SOURCES: CIA World Factbook, 28 July 2005; All CIA World Factbooks 18 December 2003 to 18 December 2008; The Heritage Foundation; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; World Bank 2002b via backone.pdf; Country Responsibilities in Achieving the Millenium Development Goals", April 8 2003, by Janice Poling; United Nations Development Program. Human Development Report 2001. New York: Oxford University Press,2001, Table A2.1. via ciesin.org; United Nations World Statistics Pocketbook and Statistical Yearbook
ALTERNATIVE NAMES:
Trinidad and Tobago, Republic of Trinidad and Tobago, trinidad & tobago, trinidad tobago, trin. and tob.
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