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Trinidad and Tobago Economy |
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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 not proportionately as important as in many other caribbean islands. the economy benefits from low inflation and a growing trade surplus. prospects for growth in 2006 are good as prices for oil. petrochemicals. and liquified natural gas are expected to remain high. and foreign direct investment continues to grow to support expanded capacity in the energy sector. the government is coping with a rise in violent crime.
GDP (purchasing power parity)
: $13.79 billion (2005 est.)
Inflation rate: 6.8% (2005 est.)
Labor force
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620.000 (2005 est.)
Industries: petroleum. chemicals. tourism. food processing. cement. beverage. cotton textiles |
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 Trinidad and Tobago More Facts |
Electricity - production:
6.076 billion kwh (2003)
Oil - production: 150.000 bbl/day (2005 est.)
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Trinidad and Tobago More Facts |
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Exports:
$9.161 billion f.o.b. (2005 est.)
Imports
: $6.011 billion f.o.b. (2005 est.)
Currency (code)
: trinidad and tobago dollar (ttd)
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