Key Market Indicators
The Tobagonian passenger transport sector is projected to generate approximately $79 million in revenue by 2028, a notable increase from the $58 million expected in 2023. This indicates an average annual growth rate of 4.8%. Historically, since 2000, the Tobagonian market has experienced a decline of 12.2% each year. In the global rankings for 2023, Tobago stands at 52nd place, with Mozambique surpassing it by matching the $58 million mark. Leading the rankings are Qatar, Ireland, and Russia, occupying the second, third, and fourth positions, respectively.
