Trinidad and Tobago

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Location - Trinidad and Tobago:
People - Trinidad and Tobago:
Government - Trinidad and Tobago:
Economy - Trinidad and Tobago:
Economy overview	Trinidad and Tobago, the leading Caribbean producer of oil and gas, has earned a reputation as an excellent investment site for international businesses. 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 in 2006 reached 12.6% as prices for oil, petrochemicals, and liquefied natural gas remained high, and foreign direct investment continued to grow to support expanded capacity in the energy sector. The government is coping with a rise in violent crime.

Gdp purchasing power parity	$21.12 billion (2006 est.)

Gdp official exchange rate	$14.9 billion (2006 est.)

Gdp real growth rate	11.9% (2006 est.)

Gdp per capita ppp	$19,800 (2006 est.)

Gdp composition by sector	agriculture: 0.7% industry: 57.7% services: 41.5% (2006 est.)

Labor force	618,000 (2006 est.)

Labor force by occupation	agriculture 9.5%, manufacturing, mining, and quarrying 14%, construction and utilities 12.4%, services 64.1% (1997 est.)

Unemployment rate	7% (2006 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	8% (2006 est.)

Investment gross fixed	19.1% of GDP (2006 est.)

Budget	revenues: $6.591 billion expenditures: $5.649 billion; including capital expenditures of $117.3 million (2006 est.)

Public debt	36.6% of GDP (2006 est.)

Agriculture products	cocoa, rice, citrus, coffee, vegetables; poultry

Industries	petroleum, chemicals, tourism, food processing, cement, beverage, cotton textiles

Industrial production growth rate	17% (2006 est.)

Electricity production	6.049 billion kWh (2004)

Electricity consumption	5.626 billion kWh (2004)

Electricity exports	0 kWh (2004)

Electricity imports	0 kWh (2004)

Oil production	150,000 bbl/day (2005 est.)

Oil consumption	34,000 bbl/day (2004 est.)

Oil exports	NA bbl/day

Oil imports	NA bbl/day

Oil proved reserves	990 million bbl (1 January 2005)

Natural gas production	28.09 billion cu m (2004 est.)

Natural gas consumption	14.15 billion cu m (2004 est.)

Natural gas exports	13.94 billion cu m (2004 est.)

Natural gas imports	0 cu m (2004 est.)

Natural gas proved reserves	733 billion cu m (1 January 2005 est.)

Current account balance	$3.259 billion (2006 est.)

Exports	$12.5 billion f.o.b. (2006 est.)

Exports commodities	petroleum and petroleum products, chemicals, steel products, fertilizer, sugar, cocoa, coffee, citrus, flowers

Exports partners	US 60.4%, Jamaica 5.6%, Spain 5.4% (2006)

Imports	$8.798 billion f.o.b. (2006 est.)

Imports commodities	machinery, transportation equipment, manufactured goods, food, live animals

Imports partners	US 26.9%, Venezuela 14.5%, Brazil 14.2%, Gabon 4.2%, Colombia 4.1% (2006)

Reserves of foreign exchange and gold	$6.888 billion (2006 est.)

Debt external	$2.838 billion (2006 est.)

Economic aid recipient	$24 million (1999 est.)

Currency code	Trinidad and Tobago dollar (TTD)

Exchange rates	Trinidad and Tobago dollars per US dollar - 6.3107 (2006), 6.2842 (2005), 6.299 (2004), 6.2951 (2003), 6.2487 (2002)

Communications - Trinidad and Tobago:
Transportation - Trinidad and Tobago:
Military - Trinidad and Tobago:

This page was last updated on 16 September, 2007
Source: CIA >>>

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home : Countries: South and central America : Developed : Republic : Small to 100 000 km2 : Population to 10 000 000 people

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Trinidad and Tobago

Trinidad and Tobago: Travel tips, articles, photos, gallery, cities database, population, pics, flags, statistics, free maps online

Back to Countries, Click to read the whole article: Trinidad and Tobago

Economy overview

Gdp purchasing power parity

$21.12 billion (2006 est.)

Gdp official exchange rate

$14.9 billion (2006 est.)

Gdp real growth rate

11.9% (2006 est.)

Gdp per capita ppp

$19,800 (2006 est.)

Gdp composition by sector

agriculture: 0.7% industry: 57.7% services: 41.5% (2006 est.)

Labor force

618,000 (2006 est.)

Labor force by occupation

agriculture 9.5%, manufacturing, mining, and quarrying 14%, construction and utilities 12.4%, services 64.1% (1997 est.)

Unemployment rate

7% (2006 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

8% (2006 est.)

Investment gross fixed

19.1% of GDP (2006 est.)

Budget

revenues: $6.591 billion expenditures: $5.649 billion; including capital expenditures of $117.3 million (2006 est.)

Public debt

36.6% of GDP (2006 est.)

Agriculture products

cocoa, rice, citrus, coffee, vegetables; poultry

Industries

petroleum, chemicals, tourism, food processing, cement, beverage, cotton textiles

Industrial production growth rate

17% (2006 est.)

Electricity production

6.049 billion kWh (2004)

Electricity consumption

5.626 billion kWh (2004)

Electricity exports

0 kWh (2004)

Electricity imports

0 kWh (2004)

Oil production

150,000 bbl/day (2005 est.)

Oil consumption

34,000 bbl/day (2004 est.)

Oil exports

NA bbl/day

Oil imports

NA bbl/day

Oil proved reserves

990 million bbl (1 January 2005)

Natural gas production

28.09 billion cu m (2004 est.)

Natural gas consumption

14.15 billion cu m (2004 est.)

Natural gas exports

13.94 billion cu m (2004 est.)

Natural gas imports

0 cu m (2004 est.)

Natural gas proved reserves

733 billion cu m (1 January 2005 est.)

Current account balance

$3.259 billion (2006 est.)

Exports

$12.5 billion f.o.b. (2006 est.)

Exports commodities

petroleum and petroleum products, chemicals, steel products, fertilizer, sugar, cocoa, coffee, citrus, flowers

Exports partners

US 60.4%, Jamaica 5.6%, Spain 5.4% (2006)

Imports

$8.798 billion f.o.b. (2006 est.)

Imports commodities

machinery, transportation equipment, manufactured goods, food, live animals

Imports partners

US 26.9%, Venezuela 14.5%, Brazil 14.2%, Gabon 4.2%, Colombia 4.1% (2006)

agriculture: 0.7%
industry: 57.7%
services: 41.5% (2006 est.)

lowest 10%: NA%
highest 10%: NA%

revenues: $6.591 billion
expenditures: $5.649 billion; including capital expenditures of $117.3 million (2006 est.)