1UpTravel


 

You are here >1uptravel > International > Caribbean > Trinidad & Tobago



ADVERTISEMENT

Country

 At a Glance

  Introduction

  Topography

  History & Culture

  Life

  Cuisine

  Holidays

  Festivals

  Embassies

  Administration

  Newstand


 Worth a Visit !!

  Cities

  Attractions

  Maps & Cities

  Shopping

  Eating Out

  Recreation

  Essentials

  Travel Links


 Country Facts

  Introduction

  Geography

  People

  Government

  Economy

  Communications

  Transportation

  Military

  Transnational issues


Related

  Trinidad & Tobago Guide
  Trinidad & Tobago Maps
  Trinidad & Tobago Hotels
  Trinidad & Tobago Flag
  More Trinidad & Tobago Flags
  Trinidad & Tobago Geography
  Trinidad & Tobago Travel Warning



Travel & Tourism . Tourist Guide to the Country

Trinidad & Tobago Economy




Trinidad and Tobago    Economy Top of Page
Economy - overview: Trinidad and Tobago has earned a reputation as an excellent investment site for international businesses. Successful economic reforms were implemented in 1995, and foreign investment and trade are flourishing. Persistently high unemployment remains one of the chief challenges of the government. The petrochemical sector has spurred growth in other related sectors, reinforcing the government's commitment to economic diversification. Tourism is growing, especially in the pleasure boat sector. New investment and construction also will continue to drive the economy.
GDP: purchasing power parity - $11.2 billion (2000 est.)
GDP - real growth rate: 5% (2000 est.)
GDP - per capita: purchasing power parity - $9,500 (2000 est.)
GDP - composition by sector: agriculture:  2%

industry:  44%

services:  54% (1998 est.)
Population below poverty line: 21% (1992 est.)
Household income or consumption by percentage share: lowest 10%:  NA%

highest 10%:  NA%
Inflation rate (consumer prices): 3.2% (2000 est.)
Labor force: 558,700 (1998)
Labor force - by occupation: construction and utilities 12.4%, manufacturing, mining, and quarrying 14%, agriculture 9.5%, services 64.1% (1997 est.)
Unemployment rate: 12.8% (2000)
Budget: revenues:  $1.54 billion

expenditures:  $1.6 billion, including capital expenditures of $117.3 million (1998)
Industries: petroleum, chemicals, tourism, food processing, cement, beverage, cotton textiles
Industrial production growth rate: 3.8% (2000)
Electricity - production: 4.9 billion kWh (1999)
Electricity - production by source: fossil fuel:  99.59%

hydro:  0%

nuclear:  0%

other:  0.41% (1999)
Electricity - consumption: 4.557 billion kWh (1999)
Electricity - exports: 0 kWh (1999)
Electricity - imports: 0 kWh (1999)
Agriculture - products: cocoa, sugarcane, rice, citrus, coffee, vegetables; poultry
Exports: $3.2 billion (f.o.b., 2000)
Exports - commodities: petroleum and petroleum products, chemicals, steel products, fertilizer, sugar, cocoa, coffee, citrus, flowers
Exports - partners: US 39.3%, Caricom countries 26.1%, Latin America 9.5%, EU 5.7% (1999)
Imports: $3 billion (f.o.b., 2000 est.)
Imports - commodities: machinery, transportation equipment, manufactured goods, food, live animals
Imports - partners: US 39.8%, Venezuela 11.9%, EU 11%, Caricom 4.8% (1999)
Debt - external: $2.8 billion (2000 est.)
Economic aid - recipient: $121.4 million (1995)
Currency: Trinidad and Tobago dollar (TTD)
Currency code: TTD
Exchange rates: Trinidad and Tobago dollars per US dollar - 6.2688 (January 2001), 6.2998 (2000), 6.2989 (1999), 6.2983 (1998), 6.2517 (1997), 6.0051 (1996)
Fiscal year: 1 October - 30 September

 

Countryfacts Information Courtesy: CIA Worldbook








Make 1Up Travel your HomepageSend this Page to a FriendGo to Top of PagePrint this PageAdd 1Up Travel to your Favorites


CHANNELS

Compare Country InfoHotel DirectoryGeographyFlagsWorld MapsTravel WarningsNational Parks

DESTINATIONS

AsiaAfricaCaribbeanMiddle EastNorth AmericaSouth AmericaCentral AmericaOceania PacificEuropePolar Regions

PHOTO SPECIAL

DestinationsMonumentsAncient WondersModern Wonders Natural Wonders

UTILITIES

World TimeISD CodesTravel Links Link Exchange

 



Disclaimer: Although we've tried to make the information on this web site as accurate as possible, we accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities before you travel.

Copyright © 1Up Travel All Rights Reserved.
Go Up

Privacy Policy