Trinidad and Tobago FlagTrinidad and Tobago

Together We Aspire, Together We Achieve.

 

General


Population: 1,223,916 (2014), 1,225,225 (2013)
Land Area: 5,128 sq km
Natural Resources: Petroleum, natural gas, asphalt
Capital: Port-Of-Spain
Political System: Parliamentary Democracy
State Leader: Anthony Carmona (March 18th 2013)
Head of Government: Kamia Persad-Bissessar (May 26th 2010)
Languages: English, Caribbean Hindustani, French, Spanish, Chinese
Currency: Trinidad and Tobago Dollar (TTD)
Major Religions: Roman Catholic 26%, Hindu 22.5%, Anglican 7.8%, Baptist 7.2%, Pentecostal 6.8%, Muslim 5.8%, Seventh Day Adventist 4%, Other Christian 5.8%, Other 10.8%, Unspecified 1.4%, None 1.9%
Major Ethnicities: Indian 40%, African 37.5%, Mixed 20.5%, Other 1.2% Unspecified 0.8%
Life Expectancy: 72.29 years (2014), 71.96 years (2013)

Economy


GDP Official Exchange Rate: 27.13 billion (2013), 25.28 billion (2012)
GDP Purchasing Power Parity: 27.14 billion (2013), 27.14 billion (2012)
GDP Per Capita (PPP): 20,300 (2013), 20,400 (2012)
GDP Growth Rate: 1.6% (2013), 0.4% (2012)
GDP Structure: Agriculture 0.3%, Industry 57.7%, Services 42% (2013)
Labour Force By Occupation: Agriculture 3.8%, Manufacturing, mining, and quarrying 12.8%, Construction and utilities 20.4%, Services 62.9% (2007)
Industries: Petroleum, chemicals, tourism, food processing, cement, beverage, cotton textiles
Agriculture Products: Cocoa, rice, citrus, coffee, vegetables; poultry
Human Development Index: 0.766 (64th)(2014), 0.760 (67th)(2013)
Tourism Revenue: 224 million (2002)
Unemployment Rate: 5.9% (2013), 5.6% (2012)

MilitaryTrinidad and Tobago Map


Army Size: 2 700 (2004)
Budget: 0.3% of GDP (2006)

Current Situation

 

Trinidad and Tobago is located in the Caribbean's. Trinidad and Tobago shares maritime borders with Barbados, Grenada, Guyana and Venezuela. Trinidad and Tobago's economy has a very high growth rate and a high GDP per capita for the region. Petroleum represents about 40% of the GDP. With investments from foreign companies the energy sector promises to keep growing. Tourism is developed but does not represent a significant source of income.

(2014) Trinidad and Tobago's economy showed improved growth in 2013, but it's dependence on the oil & gas sector might affect it in the near future as commodity prices have dropped dramatically.

Thoughts & Comments

 

Sources

CIA World Factbook: Trinidad and Tobago
Wikipedia: Trinidad and Tobago
http://hdrstats.undp.org/en/countries/profiles/TTO.html

Updated on: December 31st, 2014