After over 140 years of success in oil and gas, Trinidad and Tobago has a well-established economy. The country is now the 7th largest global exporter of methanol and ammonia from a single site and the largest exporter of methanol and ammonia to the U.S market.
(Source: IHS Chemical, World Methanol Analysis 2013; FERTECON Ammonia Outlook 2014).
US $16,000GDP per capita 2017
1.5%Inflation rate 2017
BBB+Standards & Poor (April 2017)
US $21.6 BnGDP at Market Prices 2017
Baa3Moody’s Investment Grade Status (April 2017)
Key productive sectors include Energy Sector (including Petroleum, Natural Gas and Downstream industries); Manufacturing Sector; Services Sector.
|Oil and Gas||19|
|Economy||Millions in US Dollars|
|Trinidad & Tobago||20989|
|Antigua & Barbuda||1449|
|St Kitts & Nevis||917|
|St Vincent & the Grenadines||771|
Five undersea fibre connections provide a robust and redundant core infrastructure, while we also offer reliable energy utilities and transport connections.
Trinidad and Tobago ranks 54 out of 139 economies for Infrastructure on the GCI 2016/17 Index. Our competitive advantage results from effective modes of transportation.
Advanced road networks, major industrial ports and an efficient air transport system ensure that goods and services can get to market without major delays and workers get to their jobs with ease. Both islands have an adequate supply of electricity and an extensive telecommunications network allows free flow of information for increased economic efficiency.
|Trinidad and Tobago||54|
T&T ranks 50th out of 140 countries for Technological Readiness. Advanced communication technologies, necessary for routine production processes are accessible to businesses operating in the country. These technologies also enable innovation for increased competitiveness.
|Trinidad and Tobago||50|