| TRINIDADIAN-TOBAGONIAN ECONOMY 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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Definition: Economy > Debt > External |
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Source: CIA World Factbook, 28 July 2005 |
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Economic freedom
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2.4 |
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[43rd of 156]
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Definition: Economy > Economic freedom |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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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Definition: Economy > Economy > Overview |
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Source: The Heritage Foundation |
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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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Definition: Economy > Exports |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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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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Definition: Economy > GDP |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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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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Definition: Economy > GDP > PPP |
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Source: World Development Indicators database and CIA World Factbook |
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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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Definition: Economy > GDP > Real growth rate |
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Source: World Bank. 2005. World Development Indicators 2005. |
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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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Definition: Economy > GDP growth > annual % |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GINI index
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38.88
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[11th of 40]
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Definition: Economy > GINI index |
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Source: World Development Indicators database |
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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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Definition: Economy > Gross National Income |
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Source: World Development Indicators database |
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Human Development Index
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0.801 |
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[57th of 178]
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Definition: Economy > Human Development Index |
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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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Definition: Economy > Income distribution > Poorest 10% |
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Source: Human Development Report 2006, United Nations Development Programme |
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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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Definition: Economy > Income distribution > Richest 10% |
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Source: World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC |
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Population below poverty line
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17% |
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[12th of 46]
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Definition: Economy > Population below poverty line |
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Source: World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC |
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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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Definition: Economy > Population under $1 a day |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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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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Definition: Economy > Poverty > Share of all poor people |
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Source: World Bank 2002b via backone.pdf |
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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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Definition: Economy > Public debt |
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Source: Country Responsibilities in Achieving the Millenium Development Goals", April 8 2003, by Janice Poling |
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Technological achievement
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0.33 |
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[37th of 68]
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Definition: Economy > Technological achievement |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Tourist arrivals
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324,000 |
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[85th of 152]
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Definition: Economy > Tourist arrivals |
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Source: United Nations Development Program. Human Development Report 2001. New York: Oxford University Press,2001, Table A2.1. via ciesin.org |
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