Trinidad and Tobago GDP Data & Country Report

Trinidad and Tobago Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Trinidad and Tobago; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION

Central bank

Central Bank of Trinidad and Tobago

International Reserves

US$ 9.692 billion (Source: World Bank; Data updated: November 2010)

Gross Domestic Product - GDP

US$ 22.466 billion (2009 estimate)

GDP (Purchasing Power Parity)

26.958 billion of International dollars (2009 estimate)

Real GDP growth

2000	2001	2002	2003	2004	2005	2006	2007
7.6%	3.8%	7.9%	14.4%	8%	6.2%	13.2%	4.8%
2008	2009	2010	2011*
2.4%	-3.5%	0%	2.2%

*Estimate

GDP per capita - current prices

N/A

GDP per capita - PPP

N/A

GDP (PPP) - share of world total

1980	1990	2000	2010	2015**
0.05%	0.03%	0.03%	0.04%	0.03%

**Forecast

GDP - composition by sector

agriculture: 0.4%
industry: 58.9%
services: 40.7% (2011 estimate)

(Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)

N/A

(Data released on November 2010)

Inflation

2008	2009	2010	2011*
12%(2008)	7%	10.7%	11.5%

*Estimate

Unemployment rate

2008	2009	2010	2011*
3.9%	5.1%	7.8%(2009)	7%

*Estimate

Household saving rates

N/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)

2007	2008	2009	2010	2011*
28.9%	25.3%	34.4%	39.8%	49.3%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)

2007	2008	2009	2010*	2011**
3.7%	8.8%	-7.2%	-4.2%	-6.7%

*Estimate **Forecast

Government bond ratings

Standard & Poor's: A/Stable/A-1

Moody's rating: Baa1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares

2007	2008	2009
US$15.605 billion	US$12.157 billion	US$11.145 billion

Largest companies in Trinidad and Tobago

N/A

DATA ON TRADE AND COMPETITIVENESS

Current account balance

US$ 4.2 billion (2009 estimate)(After 2008)

Current account balance by percentage of GDP

18.7% of GDP (2009 estimate)(2009)

Exports as percent of GDP

(Exports of goods and services)

68.4% (2008)

(Data released on December 2010)

Shares in world total merchandising export

0.07%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export

0.02%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exports

US$12.06 billion f.o.b. (2010 estimate)

Export commodities

petroleum and petroleum products, liquefied natural gas (LNG), methanol, ammonia, urea, steel products, beverages

Total imports

US$10.26 billion f.o.b. (2008 estimate)

Import commodities

mineral fuels, lubricants, machinery, transportation equipment, manufactured goods, food, chemicals, live animals

Exports - major partners

US 57.5%, Jamaica 6.5%, Spain 3.9% (2007)

Imports - major partners

US 28.2%, Brazil 11%, Venezuela 8.2%, Colombia 5.4%, Gabon 4.9%, China 4.2% (2007)

FDI inflows

2008	2009	2010
US$2,801 million	US$709 million(2009)	US$549 million(2009)

FDI outflows

2008	2009	2010
US$700 million	N/A	N/A

Value of cross-border M&A, by country of purchaser

2008	2009	2010	2011
US$207 million	US$-10 million(2009)	N/A(2009)	N/A

Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 97 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 74 out of 183 countries(2009)

Registering property: 171 out of 183 countries

Paying Taxes: 91 out of 183 countries

Getting credit: 32 out of 183 countries

Protecting investors: 20 out of 183 countries

Trading across border: 51 out of 183 countries

Enforcing Contracts: 169 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 52 Score: 66.5 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW

Time zone

UTC-4

Total area

5,130 km² (2006)

Capital

Port-of-Spain (2009)

Currency

Trinidad and Tobago dollars (TTD) (2009)

Government type

parliamentary democracy (2009)

Languages

English (official), Caribbean Hindustani (a dialect of Hindi), French, Spanish, Chinese

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% (2000 census)

Total population

1980	1990	2000	2010*	2015**
0 million	0 million	0 million	0 million	0 million

*Estimate **Forecast

Urban population as % of total population

1960	1980	2000	2009
17.3%	10.9%	10.8%	13.6%

Population median age

29.0 years (2006)

Population growth rate

0.4% (2009)

Life expectancy

70 years (2007)

Adult literacy

99% (2000/2007)

% of population living on less than $2 a day

13.50% (2011)

Inequality of wealth distribution (Gini index)

38.9 (1992)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:2
Civil Liberties:2 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

163.07% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

48.5% (Data were released in 2011 and refer to 2010)

Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Port of Spain: 126th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

37.3275 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2011:

COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (National, 2011)
COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2011)

2010:

COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (National, 2010)
COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2010)

2009:

COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (2009)

WORLD'S SAFEST BANKS

2011:

REGIONAL WINNERS First Citizens Bank (Latin America, 2011)

2010:

REGIONAL WINNERS First Citizens Bank (Latin America, 2010)

WORLD'S BEST EMERGING MARKET BANKS

2012:

COUNTRY WINNERS Scotiabank Trinidad & Tobago (National, 2012)

2011:

COUNTRY WINNERS Scotiabank Trinidad & Tobago (National, 2011)

2010:

COUNTRY WINNERS Scotiabank Trinidad & Tobago (National, 2010)

WORLD'S BEST SUB CUSTODIANS

2011:

REGIONAL WINNERS Republic Bank (Caribbean, 2011)

2010:

REGIONAL WINNERS Republic Bank (Caribbean, 2010)

ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE

Trinidad and Tobago GDP Data & Country Report | Global Finance

WORLD'S BEST INTERNET BANKS

2011:

2010:

2009:

WORLD'S SAFEST BANKS

2011:

2010:

WORLD'S BEST EMERGING MARKET BANKS

2012:

2011:

2010:

WORLD'S BEST SUB CUSTODIANS

2011:

2010: