Americas > Caribbean > Trinidad and Tobago

Trinidad and Tobago

Capital: Port of Spain; GDP growth (annual %) 2016 : -5.1 %
Key Facts

Full name: Republic of Trinidad and Tobago
Population: 1.3 million (UN, 2011)
Area: 5,128 sq km (1,980 sq miles)
Major language: English
Major religions: Christianity, Hinduism, Islam
Life expectancy: 67 years (men), 74 years (women) (UN)
Monetary unit: 1 Trinidad and Tobago dollar = 100 cents
Main exports: Petroleum and petroleum products, natural gas, chemicals
GNI per capita: US $15,040 (World Bank, 2011)
Internet domain: .tt
International dialling code: +1868

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  • Trinidad and Tobago Year in Review 2016


    Lower returns from the energy sector due to weaker prices and a drop in production weighed down Trinidad and Tobago’s economy in 2016, though stronger prospects for the industry in the new year should fuel a rebound in 2017.

    Budget to bite back

    The T&T economy remained in recession for the second year in a row, with the Central Statistical Office (CSO) estimating that GDP would fall by 2.3% in 2016, following a contraction of 0.6% the previous year.

    With hydrocarbons accounting for 39% of national fiscal gain and 83% of export values over the 15 years through to 2015, according to the Central Bank of T&T (CBTT), much of the recessionary pressure has come from low world energy prices.