Source
Central bank

Central Bank of Trinidad and Tobago

International Reserves

USD 10.3 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 23.6 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 45.5 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
13.2% 4.8% 3.4% -4.4% 3.3% -0.3% 1.3%
2013* 2014* 2015* 2016* 2017*    
2.3% -1% -2.2% -2.8% 2.3%    

*Estimate

GDP per capita - current prices

USD 17,243.9 (2017, estimate)

GDP per capita - PPP

Intl$ 33,198.5 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.06% 0.04% 0.04% 0.04% 0.04%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 0.5% 
  • industry: 13.9% 
  • services: 85.6%

(2016 estimate)

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

N/A

Inflation
2013 2014 2015 2016* 2017*
5.3% 5.7% 4.7% 4.8% 5.3%

*Estimate

Unemployment rate
2013* 2014* 2015* 2016* 2017*
3.7% 3.3% 3.6% 4.0% 4.0%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
41% 40% 44.2% 48.3% 58.8%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-2% -4% -6.9% -11.3% -16.4%

*Estimate   

Government bond ratings

Standard & Poor's: A-

Moody's: Baa3

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A

 

Largest companies

N/A

 
 
Source
Current account balance

USD -1.7 billion (2017 estimate)

Current account balance by percentage of GDP

-7.2% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

41.1% (2015)

 

Shares in world total merchandising export

0.04% (2015)​

 

Shares in world total commercial services export

0.02% (2011)

 

Total exports

USD 7.3 billion (2016 estimate)

Export commodities

Petroleum and petroleum products, liquefied natural gas, methanol, ammonia, urea, steel products, beverages, cereal and cereal products, cocoa, fish, preserved fruits, , cosmetics, household cleaners, plastic packaging

Total imports

USD 7.4 billion (2016 estimate)

 
 
Source
Import commodities

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

Exports - major partners

US 26.3%, Argentina 12%, Brazil 6.6%, Chile 5.3%, Dominican Republic 5.2%, Barbados 5% (2015)

Imports - major partners

US 35.6%, China 6.8%, Gabon 6.6% (2015)

FDI inflows
2013 2014 2015
USD 1,994 million USD 2,489 million USD 1,619 million
FDI outflows
2013 2014 2015
USD 2,061 million USD 1,275 million USD 955 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A USD -653.0 million USD 168.0 million N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 96 out of 190 countries  (2017)

Subcategories:

Starting a business: 69 out of 190 countries

Enforcing Contracts: 168 out of 190 countries

Registering Property: 150 out of 190 countries

Getting Credit: 44 out of 190 countries

Protecting Minority Investors: 53 out of 190 countries

Trading Across Borders: 123 out of 190 countries

Paying Taxes: 145 out of 190 countries

Dealing with Construction Permits: 149 out of 190 countries

Getting Electricity: 31 out of 190 countries

Resolving Insolvency: 70 out of 190 countries

Global competitiveness ranking

94 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 73 / Score: 62.91 (Moderately free) (2016)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC-4

Total area

5,128 sq km

Capital

Port of Spain

Currency

Trinidad and Tobago dollars (TTD) 

Government type

Parliamentary republic

Languages

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

Religions

Protestant 32.1% (Pentecostal/Evangelical/Full Gospel 12%, Baptist 6.9%, Anglican 5.7%, Seventh-Day Adventist 4.1%, Presbyterian/Congretational 2.5%, other Protestant 0.9%), Roman Catholic 21.6%, Hindu 18.2%, Muslim 5%, Jehovah's Witness 1.5%, other 8.4%, none 2.2%, unspecified 11.1% (2011 est.)

Total population
1990 2000 2010 2016* 2021*
1.222 million 1.268 million 1.328 million 1.364 million 1.399 million

*Estimate  

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
17% 11% 11% 8%
Population median age

35.5 years (2016 estimate)

Population growth rate

-0.17% (2016 estimate)

Life expectancy

72.9 years (2016 estimate)

Literacy

Total population: 99%
Male: 99.2%
Female: 98.7% (2015 est.)

(age 15 and over can read and write)

% of population living on less than $3.10 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 2
Civil Liberties: 2 (2017)                          

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

Source
Total telephone subscribers as % of population

Fixed 20.11%   Mobile 157.67% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

69.20% (2015)

Mercer Cost of living index

Port of Spain: 60th (2016)

CO2 emissions

34.5 (2013)

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