Trinidad and Tobago Business Overview
News
When it comes to health, Trinidad and Tobago truly is at the crossroads of North and South America. While its third-highest GDP per capita in the Americas, and therefore potential health spending, would put it on par with the United States and Canada, its actual health statistics reflect that of a more Latin American country. Infant mortality, communicable disease rates and life expectancy have
As an export oriented economy and the largest exporter in the Caribbean, transport is essential to Trinidad and Tobago’s economy. The sector initially evolved to meet the growing demands of the burgeoning energy sector, but has since become one the fastest growing industries and is consistently singled as a strategic investment area by most of the nation’s promotion agencies. &n
Unlike many of its regional neighbors, Trinidad and Tobago is not economically dependent upon tourism. Out of the last 20 years, there have only been three years where the sector has made up a significant portion (10 percent or more) of the country’s total gross domestic product (GDP) in 1997, 1998 and 2001.   DATE: 24/7/2017   Currently making up 8.4 percent o
The Trinidad and Tobago manufacturing sector accounts for 8 percent of the national GDP, and employs around an 8 percent of the total workforce. Most industries in the sector are currently facing decreased output due to labor shortages, an ongoing lack of foreign currency and the effects of the removal of a number of utility subsidies, including subsidies to transport fuel which will be phased o
The Banking and Financial Services sectors of Trinidad and Tobago has consistently been one of the top performing industries in the country over the past five years. Together with Real Estate and Insurance, Finance contributes almost 15% of national GDP, and its importance is steadily increasing as the sector keeps outpacing national economic growth.   DATE: 17/7/2017   T
The energy sector is the largest contributor to Trinidad and Tobago’s GDP, with oil and gas alone contributing approximately 40 percent to the twin-island nation's economy over the past four decades. Exploration and production constitutes the largest share of this amount at 25 percent, followed by refining and petrochemicals at 10 and 5 percent,  respectively.  
Loading...