After over 140 years of success in oil and gas, Trinidad and Tobago has a well-established economy. The country is now the 7th largest global exporter of methanol and ammonia from a single site and the largest exporter of methanol and ammonia to the U.S market.
(Source: IHS Chemical, World Methanol Analysis 2013; FERTECON Ammonia Outlook 2014).
US $16,000GDP per capita 2017
0.9%Inflation rate 2018
BBB+Standards & Poor (April 2018)
US $21.6 BnGDP at Market Prices 2017
Baa3- Ba2Moody’s Investment Grade Status (May 2018)
640,200Labour Force 2017
Key productive sectors include Energy Sector (including Petroleum, Natural Gas and Downstream industries); Manufacturing Sector; Services Sector.
|Natural gas exploration and extraction||3.1|
|Crude oil exploration and extraction||1.9|
|Refining (inc. LNG)||1.6|
|Petroleum support services||0.4|
|Manufacture of Petrochemicals||1.7|
|GDP AT PURCHASER PRICES||28.7|
|Taxes less subsidies on products||1.1|
|Mining and quarrying||5.4|
|Food, beverages and tobacco products||1.1|
|Petroleum and chemical products||3.4|
|Trade amd repairs||5.5|
|Transport and storage||1.1|
|Information and Communication||0.7|
|Financial and insurance activities||2.1|
|Administrative and support services||0.8|
|GDP at basic prices||27.6|
|Economy||Millions in US Dollars|
|Trinidad & Tobago||21.642|
|Antigua & Barbuda||1.524|
|St Kitts & Nevis||0.928|
|St Vincent & the Grenadines||0.801|
Five undersea fibre connections provide a robust and redundant core infrastructure, while we also offer reliable energy utilities and transport connections.
Trinidad and Tobago ranks 59th out of 137 economies for Infrastructure on the GCI 2017/1 Index. Our competitive advantage results from effective modes of transportation.
|Trinidad and Tobago||59|
T&T ranks 49th out of 137 countries for Technological Readiness. Advanced communication technologies, necessary for routine production processes are accessible to businesses operating in the country. These technologies also enable innovation for increased competitiveness.
|Trinidad and Tobago||49|