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Trinidad and Tobago

Trinidad and Tobago : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook


$8.911 billion (2011 est.)
$6.503 billion (2010 est.)


$14.63 billion (2011 est.)
$11.21 billion (2010 est.)

Inflation rate (consumer prices)

5.1% (2011 est.)
10.5% (2010 est.)

Unemployment rate

6.4% (2011 est.)
5.8% (2010 est.)

GDP - per capita (PPP)

$20,300 (2011 est.)
$20,700 (2010 est.)
$20,800 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

2.1% (2010 est.)
-3.2% (2009 est.)
3.5% (2008 est.)

Internet users

593,000 (2009)

Telephones - mobile cellular

1.894 million (2009)

Population growth rate

-0.086% (2012 est.)


1,226,383 (July 2012 est.)

Historical background

First colonized by the Spanish, the islands came under British control in the early 19th century.

The islands' sugar industry was hurt by the emancipation of the slaves in 1834.

Manpower was replaced with the importation of contract laborers from India between 1845 and 1917, which boosted sugar production as well as the cocoa industry.

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Trinidad and Tobago

Economic overview

Trinidad and Tobago has earned a reputation as an excellent investment site for international businesses and has one of the highest growth rates and per capita incomes in Latin America.

Economic growth between 2000 and 2007 averaged slightly over 8%, significantly above the regional average of about 3.

7% for that same period; however, GDP has slowed down since then and contracted about 3.

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The Economist Intelligence Unit

Country Forecast Latin America June 2013

Country Forecast Latin America June 2013

  • $ 730
  • Country report
  • June 2013
  • by The Economist Intelligence Unit

Only five countries in the region (Costa Rica, Colombia, the Dominican Republic, Chile and Mexico) will boost their business environment rankings in 2013-17; the ranking for Brazil remains unchanged, ...

  • Countries : South America, World, Dominican Republic, North America, Dominica, Costa Rica, Colombia, Brazil, Venezuela, Argentina, El Salvador, Ecuador, Chile, Mexico, Trinidad and Tobago, Nicaragua, Guatemala, Uruguay, Paraguay, Bolivia, Panama, Jamaica, Honduras, Peru, Cuba

Oxford Economics

Country Economic Forecasts > Trinidad and Tobago

Country Economic Forecasts > Trinidad and Tobago

  • $ 185
  • Country report
  • August 2013
  • by Oxford Economics

Recent data suggest that the energy sector is starting to stabilise in 2013 after a couple of years of weakness. Oil output rebounded to just over 81,300 b/d in January-May, roughly equal to the average ...

  • Countries : Trinidad and Tobago

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