Editing Economy of Trinidad and Tobago

{{Short description|None}}
{{Use dmy dates|date=May 2018}}
{{CIA}}
{{Infobox economy
|country        = Trinidad and Tobago
|image          = Port of Spain night skyline 2008.jpg
|image_size     = 300px
|caption        = [[Port of Spain]], the [[financial centre]] of Trinidad and Tobago
|currency       = [[Trinidad and Tobago dollar]] (TTD, TT$)
|fixed exchange =
|year           = 1 October – 30 September
|organs         = [[World Trade Organization|WTO]], [[CARICOM]]
|group          = {{plainlist|
*[[Developing country|Developing/Emerging]]<ref>{{cite web |url=https://www.imf.org/external/pubs/ft/weo/2019/01/weodata/weoselco.aspx?g=2200&sg=All+countries+%2f+Emerging+market+and+developing+economies |title=World Economic Outlook Database, April 2019 |publisher=[[International Monetary Fund]] |website=IMF.org |access-date=29 September 2019}}</ref>
*[[World Bank high-income economy|High-income economy]]<ref>{{cite web |url=https://datahelpdesk.worldbank.org/knowledgebase/articles/906519-world-bank-country-and-lending-groups |title=World Bank Country and Lending Groups |publisher=[[World Bank]] |website=datahelpdesk.worldbank.org |access-date=29 September 2019}}</ref>}}
|population     = {{increase}} 1,367,558 (2021)<ref>{{cite web |title=Mid Year Population Estimate by Age and Sex 2005 – 2021.xlsx |url=https://cso.gov.tt/wp-content/uploads/2021/10/Mid-Year-Population-Estimate-by-Age-and-Sex-2005-2021.xlsx  |publisher=Central Statistical Office |access-date=10 March 2022}}</ref>
|gdp            = {{plainlist|
*{{decrease}} $22.718 billion (nominal, 2020 est.)<ref name="IMFWEOTT">{{cite web |url=https://www.imf.org/external/pubs/ft/weo/2019/02/weodata/weorept.aspx?pr.x=68&pr.y=8&sy=2017&ey=2021&scsm=1&ssd=1&sort=country&ds=.&br=1&c=369&s=NGDP_RPCH%2CNGDPD%2CPPPGDP%2CNGDPDPC%2CPPPPC%2CPCPIPCH&grp=0&a= |title=World Economic Outlook Database, October 2019 |publisher=[[International Monetary Fund]] |website=IMF.org |access-date=19 January 2020}}</ref>
*{{decrease}} $36.418 billion ([[Purchasing power parity|PPP]], 2020 est.)<ref name="IMFWEOTT"/>}}
|gdp rank       = {{plainlist|
*[[List of countries by GDP (nominal)|115th (nominal, 2020)]]
*[[List of countries by GDP (PPP)|128th (PPP, 2020)]]}}
|growth                = {{plainlist|
*−1.9%&nbsp;(2017) 0.3%&nbsp;(2018)
*0.0%&nbsp;(2019e) 1.5%&nbsp;(2020f)<ref name="IMFWEOTT"/>}}
|per capita     = {{plainlist|
*{{decrease}} $16,197 (nominal, 2020 est.)<ref name="IMFWEOTT"/>
*{{decrease}} $25,964 ([[Purchasing power parity|PPP]], 2020 est.)<ref name="IMFWEOTT"/>}}
|per capita rank = {{plainlist|
*[[List of countries by GDP (nominal) per capita|52rd (nominal, 2020)]]
*[[List of countries by GDP (PPP) per capita|58th (PPP, 2020)]]}}
|sectors = agriculture: 0.4%; industry: 48.8%; services: 50.8% (2017 est.)
|components =
|inflation = {{increaseNegative}} 4.5% (June 2022)<ref>{{cite web |title=Index of Retail Prices June 2022 |url=https://cso.gov.tt/subjects/economic-indicators/retail-price-index-rpi/|website=Central Statistical Office |access-date=10 March 2022}}</ref>
|poverty         = 4% (2007 est.)
|gini            = 39.0 (2012 est.)
|hdi             = {{plainlist|
*{{increase}} 0.796 {{color|green|high}} (2019)<ref>{{cite web |url=http://hdr.undp.org/en/indicators/137506 |title=Human Development Index (HDI) |publisher=[[Human Development Report|HDRO (Human Development Report Office)]] [[United Nations Development Programme]] |website=hdr.undp.org |access-date=11 December 2019}}</ref> ([[List of countries by Human Development Index|67th]])
*N/A [[List of countries by inequality-adjusted HDI|IHDI]] (2019)<ref>{{cite web |url=http://hdr.undp.org/en/content/table-3-inequality-adjusted-human-development-index-ihdi |title=Inequality-adjusted Human Development Index (IHDI) |publisher=[[Human Development Report|HDRO (Human Development Report Office)]] [[United Nations Development Programme]] |website=hdr.undp.org |access-date=11 December 2019}}</ref>}}
|edbr = {{steady}} [[Ease of doing business index#Ranking|105th (medium, 2020)]]<ref name="World Bank and International Financial Corporation">{{cite web |url=http://www.doingbusiness.org/data/exploreeconomies/trinidad-and-tobago |title=Ease of Doing Business in Trinidad and Tobago |publisher=Doingbusiness.org |access-date=2017-01-24 }}</ref>
|labor = {{decrease}} 589,100 (Q3 2020)<ref name="Employment CSOTT">{{cite web |title=Continuous Sample Survey of Population |url=https://cso.gov.tt/subjects/continuous-sample-survey-of-population/ |website=Central Statistical Office |access-date=10 March 2022}}</ref>
|occupations = agriculture: 3.8%; manufacturing, mining, and quarrying: 12.8%; construction and utilities: 20.40%; services: 62.9% (2007 est.)
|unemployment = {{increaseNegative}} 6.1% (Q3 2020)<ref name="Employment CSOTT"/>
|industries = petroleum and petroleum products, liquefied natural gas (LNG), methanol, ammonia, urea, steel products, beverages, food processing, cement, cotton textiles
|exports = $11&nbsp;billion (2015 est.)
|export-goods = petroleum and petroleum products, liquefied natural gas (LNG), [[methanol]], [[ammonia]], [[urea]], steel products, beverages, cereal and cereal products, sugar, [[Cocoa bean|cocoa]], coffee, [[citrus fruit]], vegetables, flowers
|export-partners = {{flag|United States}}(+) 37% <br> {{flag| Brazil}}(+) 8.2% <br> {{flag| Argentina}}(+) 8.0% <br> {{flag| Chile}}(+) 7.2% <br> {{flag| Peru}}(+) 4.5% (2015 est.)<ref>{{cite web|url=http://atlas.media.mit.edu/en/visualize/tree_map/hs92/export/tto/show/all/2015/|title=Export Partners of Trinidad & Tobago|publisher=[[Observatory of Economic Complexity]]|year=2015|access-date=2017-06-15}}</ref>
|imports = $5.9&nbsp;billion (2015 est.)
|import-goods = mineral fuels, lubricants, machinery, transportation equipment, manufactured goods, food, chemicals, live animals
|import-partners =  {{flag| United States}}(+) 38% <br> {{flag| China}}(-) 8.2% <br> {{flag| Singapore}}(+) 4.6% <br> (2015 est.)<ref>{{cite web|url=http://atlas.media.mit.edu/en/visualize/tree_map/hs92/import/tto/show/all/2015/|title=Import Partners of Trinidad & Tobago|publisher=[[Observatory of Economic Complexity]]|year=2015|access-date=2017-06-15}}</ref>
|gross external debt = {{increaseNegative}} $32.06&nbsp;billion (2021)<ref>{{cite web |title=Debt Annual |url=https://www.central-bank.org.tt/statistics/data-centre/debt-annual |website=Central Bank of Trinidad and Tobago |access-date=10 March 2022}}</ref>
|debt = {{increaseNegative}} 92.1% of GDP (Jun 2021 est.)<ref>{{cite web|url=https://www.central-bank.org.tt/statistics/selected-aggregates/pub-sec-debt-outst-percentage-of-gdp|title=Public Sector Debt Outstanding (Per cent of GDP)|publisher=[[Central Bank of Trinidad and Tobago]]|year=2017|access-date=2018-04-09}}</ref>
|revenue = TT$43.33&nbsp;billion (2022 est.) 
|expenses = TT$52.43&nbsp;billion (2022 est.)<ref>{{cite web |title=Budget Statement 2022 |url=https://www.finance.gov.tt/2021/10/04/2022-budget-presentation-resilience-in-the-face-of-a-global-pandemic-presented-by-the-honourable-colm-imbert-minister-of-finance/ |website=Ministry of Finance |access-date=10 March 2022}}</ref>
|aid =
| credit = {{plainlist|
* [[Standard & Poor's]]:<ref>{{cite web |title= Sovereigns rating list |publisher=Standard & Poor's |url=http://www.standardandpoors.com/ratings/sovereigns/ratings-list/en/eu/?subSectorCode=39 |access-date=January 14, 2012}}</ref> 
{{hlist|BBB-|Outlook: Stable}} 
* [[Moody's]]:<ref name="2021ratings">{{cite web |title=Moody's Downgrades Trinidad and Tobago's ratings to Ba2 from Ba1, changes outlook to Stable from Negative. |url=https://www.moodys.com/research/Moodys-downgrades-Trinidad-Tobagos-ratings-to-Ba2-from-Ba1-changes--PR_457521 |website=Moody's}}</ref>
{{hlist|Ba2|Outlook: Stable}}
}}
|reserves = $6.75&nbsp;billion (Jan 2022 est.)<ref>{{Cite web|url=https://www.central-bank.org.tt/statistics/data-centre/foreign-reserves-monthly|title = Foreign Reserves Monthly &#124; Central Bank of Trinidad and Tobago}}</ref>
|cianame = trinidad-and-tobago
|spelling =
}}

The '''economy of Trinidad and Tobago''' is the wealthiest in the [[Caribbean]] and the third -richest by GDP (PPP) per capita in the Americas.<ref>{{Cite web|title=GDP by Country - Worldometer|url=https://www.worldometers.info/gdp/gdp-by-country/|access-date=2021-09-03|website=www.worldometers.info|language=en}}</ref> [[Trinidad and Tobago]] is recognised as a [[World Bank high-income economy|high-income economy]] by the [[World Bank]]. Unlike most of the English-speaking Caribbean, the country's economy is primarily industrial,<ref>{{cite web| title = Trinidad and Tobago Country brief|publisher = The World Bank|url=http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/LACEXT/TRINIDADANDTOBAGOEXTN/0,,contentMDK:21045974~menuPK:331460~pagePK:1497618~piPK:217854~theSitePK:331452,00.html|access-date = 2008-09-01}}</ref> with an emphasis on petroleum and [[petrochemical]]s. The country's wealth is attributed to its large reserves and exploitation of oil and natural gas.<ref>{{cite news|url=https://www.bbc.com/news/world-latin-america-20072231|title=Trinidad and Tobago profile – Overview|work=BBC News|access-date=13 September 2014}}</ref><ref>[[List of countries by GDP (PPP) per capita]]</ref>

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. Recent growth has been fueled by investments in [[liquefied natural gas]] (LNG) and [[petrochemicals]]. Additional petrochemical, aluminium, and plastics projects are in various stages of planning.

Trinidad and Tobago is the largest Caribbean producer of natural gas in CARICOM and the second largest producer of oil after Guyana, and its economy is heavily dependent upon these resources. It also supplies manufactured goods, notably food and beverages, as well as cement to the Caribbean region. Oil and gas account for about 40% of GDP and 80% of exports, but only 5% of employment.

==Regional financial center==
The country is also a regional financial center, and tourism is a growing sector, although it is not proportionately as important as in many other Caribbean islands. The economy benefits from a growing trade surplus. Economic growth reached 12.6% in 2006 and 5.5% in 2007 as prices for oil, petrochemicals, and LNG remained high, and as foreign direct investment continued to grow to support expanded capacity in the energy sector.

Trinidad and Tobago's infrastructure is adequate by regional standards. A major expansion of the [[Piarco International Airport]] in Trinidad, the country's main airport, was completed in 2001. There are reliable, extensive [[transport|networks]] of paved roads, sewage pipes, and power utilities in the urban centers. Some rural areas still suffer from water shortages. The government is addressing this problem with the construction of additional [[desalinization]] plants. Improvements in transport, telephone service, drainage, and sewerage, especially in rural areas, are among the government's [[budget]] priorities.

==Communications and mobile==
{{main|Telecommunications in Trinidad and Tobago}}
Trinidad and Tobago has relatively modern, robust and reliable Information and Communications Technology (ICT) infrastructure. [[Mobile telephony|Mobile phone service]] is widespread and has been a growing sector for several years. [[Digicel]] and [[Laqtel]] were granted cellular licenses in 2005, breaking the monopoly of [[TSTT]]. However, as of 2015 TSTT and Digicel remain the only mobile providers. There are five broadband service providers/ISPs.

==Energy sector==
Trinidad and Tobago has been involved in the petroleum sector for over one hundred years. There has been considerable oil and gas production on land and in shallow water, with cumulative production totaling over three billion barrels of oil. Trinidad and Tobago is the largest oil and natural gas producer in the Caribbean. In the 1990s, the hydrocarbon sector moved from producing mainly oil to producing mostly natural gas. According to the EIA, in 2013, proven crude oil reserves were estimated at 728 million barrels, while [[Proven reserves#More terms|3P]] natural gas reserves were 25.24&nbsp;trillion cubic feet (Tcf) (Ryder Scott Audit 2012).

Trinidad and Tobago houses one of the largest natural gas processing facilities in the Western Hemisphere. The Phoenix Park Gas Processors Limited (PPGPL) natural gas liquids (NGL) complex is located in the Port of [[Couva|Savonetta]]. It has a processing capacity of almost 2&nbsp;billion cubic feet (Bcf) per day and an output capacity of 70,000 barrels per day (bbl/d) of NGL. After processing the gas is then transferred to the various power generators (POWERGEN, TGU, or Trinity Power) for generation of electricity and to the petrochemical plants for use as a feedstock.

The electricity sector is fueled entirely by natural gas. Trinidad Generation Unlimited power plant, the second combined cycle plant in the country, with a generating capacity of 720MW, was opened on 31 October 2013.
 
With 11 [[ammonia]] plants and seven [[methanol]] plants, Trinidad and Tobago was the world's largest exporter of ammonia and the second largest exporter of methanol in 2013, according to IHS Global Insight.<ref>{{cite web | url=http://www.energy.gov.tt/our-business/oil-and-gas-industry/ | title=Oil and Gas industry – Overview | publisher=Energy.gov.tt | access-date=2016-08-15}}</ref> Overall production and export for ammonia, methanol, [[urea]], and [[UAN]] decreased to 428,240 metric tonnes (MT) in 2013 from 564,892 MT in 2012.
[[File:Offshore oil rig Trinidad.jpg|thumb|An oil platform off the coast of Trinidad.]]
The Ministry of Energy and Energy Affairs (MEEA) has encouraged investment in projects for "downstream" processing of petrochemicals, such as the manufacture of [[calcium chloride]] and [[dimethyl ether]] (DME). Such projects are expected to generate more local employment and more growth in local manufacturing than traditional petrochemical processing.

The energy sector accounts for around 45.0% of the country's GDP. The Central Bank predicted real GDP growth in Trinidad and Tobago of 2.6% in 2014, up from 1.6% in 2013, as the country's energy sector recovered from maintenance delays that reduced activity in the third quarter of 2013.

MEEA predicted that production of liquefied natural gas (LNG) would rise by 2.0% to 40.0bcm in 2014, following an estimated 1.5% drop in production in 2013. Production of petrochemicals was also expected to rebound, following an 8.0% drop in output in the third quarter of 2013, as several companies aligned their production schedules with the natural gas shortfall.<ref>{{cite web|url=http://www.energy.gov.tt/our-business/oil-and-gas-industry/|title=Ministry of Energy and Energy Affairs|access-date=11 June 2015}}</ref>

==Job market==
In addition the thriving energy sector, the nation controls 0.25%<ref>{{cite web|url=http://www.trinidadexpress.com/news/PM_WRONG-133128648.html|title=Trinidad Express Newspapers: – PM WRONG|access-date=11 June 2015|archive-url=https://web.archive.org/web/20150402092625/http://www.trinidadexpress.com/news/PM_WRONG-133128648.html|archive-date=2 April 2015|url-status=dead}}</ref> of the world's natural gas with a GDP of twenty billion US dollars (US$20.5b).<ref>{{cite web|url=http://www.indexmundi.com/trinidad_and_tobago/economy_profile.html|title=Trinidad and Tobago Economy Profile 2014|access-date=11 June 2015}}</ref> These factors are quintessential in driving the demand for quality labor, especially in specialized area as it pertains to the energy sector. Such area of specialisation are for the first time in history being sought after in this little nation, but requires the expertise of expats to fill. According to former Prime Minister Patrick Manning,<ref>{{cite web|url=http://www.trinidadexpress.com/business/PM__T_T_poised_to_become_leading_financial_centre-115417614.html|title=Trinidad Express Newspapers: – PM: T&T poised to become leading financial centre|access-date=11 June 2015|archive-url=https://web.archive.org/web/20150402091032/http://www.trinidadexpress.com/business/PM__T_T_poised_to_become_leading_financial_centre-115417614.html|archive-date=2 April 2015|url-status=dead}}</ref> the nation is the financial capital of the Caribbean, and being so heavily reliant on the oil and energy sectors, fosters and facilitates an environment of constant demand for specialized jobs. In addition, the Natural Gas sector is for the first time facing competition from countries such as Qatar and the United States. All these factors are stimulating the need to produce local specialists as the demand increases. There are also clear indications that the nation is at the end of an economic downturn and poised for a period of economic boom.

A wealth of jobs would be created in the short run to feed a diversity of economic demands across all sectors of the economy. Finance minister Winston Dookeran unveiled the largest budget (TT$54b) in the history of the nation in October 2011, reiterating the government's resolve to transform the economy, which will boost investor confidence in the nation. This process of transformation will create a hosts of jobs and numerous foreign investor opportunities.<ref>{{cite web|url=http://www.nationnews.com/articles/view/54.6-billion-budget-for-tt/|title=$54.6&nbsp;billion budget for T&T|author=Nation News author|work=www.nationnews.com|date=10 October 2011 |access-date=11 June 2015}}</ref> The proverbial wheels of the economy are being oiled the economy and other areas of the economy such as the Financial and Manufacturing Sectors will benefit tremendously from the spin offs.

Government ministers have already made plans to facilitate viable tools in assisting with the roll out. Within the past couple years government agencies have begun to utilize recruitment tools such as agencies and job boards.<ref>{{cite web|url=http://www.trinidadexpress.com/business-magazine/internet_job-seekers-135141558.html|title=Trinidad Express Newspapers: – internet job-seekers|date=5 December 2011 |access-date=11 June 2015}}</ref> The government has recognized the usefulness in sourcing and outsourcing labor from different areas. Recruitment on the whole in Trinidad and Tobago have experienced huge strides, from the traditional snail mail to company's emails and job boards. Local experts have mentioned that moving forward in such a small area is a big tool to in executing and rolling out macro plans smoothly.

==Tourism==
Tourism is another area which it is believed will soon develop rapidly, and an increased demand for jobs.{{citation needed|date=May 2018}} The European Union Council on Tourism and Trade (EUCTT) has also awarded the nation as being "The Best Tourist Destination for 2012". Local hotels have already begun to make plans to facilitate an influx of European tourists upon the nation receiving this designation.<ref>{{cite web|url=http://www.trinidadexpress.com/news/T_T_is_World_s_Best_Tourist_Destination-131958493.html|title=Trinidad Express Newspapers: – T&T is World's Best Tourist Destination|access-date=11 June 2015|archive-url=https://web.archive.org/web/20160305022050/http://www.trinidadexpress.com/news/T_T_is_World_s_Best_Tourist_Destination-131958493.html|archive-date=5 March 2016|url-status=dead}}</ref> However, the EUCTT is not affiliated with any part of the European Union's Institutions.<ref>{{cite web|url=http://europa.eu/contact/websites/index_en.htm|title=EUROPA – Institutions, bodies & agencies – contact & visit details|date=2 October 2015|access-date=11 June 2015}}</ref> Despite concerns over the global economy, international tourism demand continues to show resilience. The 
number of international tourists worldwide grew by 5% (22&nbsp;million) between January and June 2012, with Asia and 
the Pacific (+8%) leading the growth among the regions. Given this growth rate a total of one billion international 
tourists are expected by the end of 2012. In 2011, the total contribution of World Travel & Tourism to global GDP 
was US$6,346.1bn (9.1% of GDP). 
In 2011, the Caribbean region received 20.9&nbsp;million tourists, a growth of 4.4% over the same period in 2010. The 
Caribbean is the most dependent region on tourism with Travel and Tourism contributing 13.9% (US$47.1bn) to its 
economic output. Trinidad and Tobago received an estimated 402,058 visitors in 2011, representing 2% of all 
Caribbean visitor arrivals. 
Due to the multifaceted nature of tourism, its economic impact is not confined to any single industry. To 
adequately measure the economic impact of the tourism sector, the United Nations World Travel and Tourism 
Council (UNWTO) devised the Tourism Satellite Account (TSA), an extension of the System of National Accounts 
(SNA). The TSA is a detailed production account of the tourism sector showing its linkages to major industries, 
total employment, capital formation and additional macro-economic variables.<ref>{{cite web|url=http://www.tdc.co.tt/tourism_report.htm|title=Welcome to Tourism Development Company Limited!|access-date=11 June 2015|url-status=dead|archive-url=https://web.archive.org/web/20150622034655/http://www.tdc.co.tt/tourism_report.htm|archive-date=22 June 2015}}</ref>

===Tourist arrival statistics===

Most visitors arriving to Trinidad and Tobago on short-term basis in 2014 were from the following countries of nationality:<ref>[http://www.tdc.co.tt/pdf.php?pdf=2.1.4.TnTStopoverMkts95toYTD.pdf  T&T – Stopover Arrivals By Main Markets 1995-YTD] {{webarchive|url=https://web.archive.org/web/20160114224049/http://www.tdc.co.tt/pdf.php?pdf=2.1.4.TnTStopoverMkts95toYTD.pdf |date=14 January 2016 }}</ref>
{| class="wikitable"
|-
|- style="color:white;"
!  style="width:5px; background:#00966E;"|Rank
!  style="width:130px; background:#00966E;"| Country
!  style="width:50px; background:#00966E;"| Number
|- 
|1||United States|| 161,539
|-
|2||Canada|| 54,877
|-
|3||United Kingdom|| 37,473
|-
|4||Guyana|| 23,061
|-
|5||Venezuela || 21,052
|-
|6||Barbados || 11,629
|-
|7||Grenada || 6,922
|-
|8||Germany || 5,154
|-
|9||India || 3,291
|-
||| Total || 324,998
|}

==Creative industries==
{{Further|Trinidad and Tobago Creative Industries Company}}

Recently, the country's economy has been negatively affected by fluctuating oil and gas prices and in an effort to undergo economic transformation through diversification, the government has identified the creative industries, particularly the music, film and fashion sectors, as pivotal to long-term economic sustainability. As such, the [[Trinidad and Tobago Creative Industries Company]] Limited (CreativeTT) was established in 2013 to oversee the strategic and business development of the three niche areas of [[Trinidad and Tobago Film Company|film]], [[Trinidad and Tobago Fashion Company|fashion]] and [[Trinidad and Tobago Music Company|music]].<ref>{{cite web|title=Film, music and fashion to fall under Creative TT|url=http://www.news.gov.tt/archive/index.php?news=13024|website=Government of the Republic of Trinidad and Tobago|date=6 June 2013|url-status=dead|archive-url=https://web.archive.org/web/20160917144637/http://www.news.gov.tt/archive/index.php?news=13024|archive-date=17 September 2016}}</ref>

==Miscellaneous==
'''Economic aid – recipient:'''
$200,000 (2007 est.)

'''Reserves of foreign exchange and gold:'''
$8.095 billion (February 2018 est.)

'''Currency:'''
1 [[Trinidad and Tobago dollar]] (TT$) = 100 cents

'''Exchange rates:'''
Trinidad and Tobago dollars (TT$) per US$1 :

6.7283 (2017)
6.6152 (2016)
6.3298 (2015)
6.3613 (2014)
6.3885 (2013)
6.3716 (2012)
6.4200 (2011 est)
6.3337 (2010)
6.3099 (2009)
6.2896 (2008)
6.3275 (2007)
6.3107 (2006)
6.2842 (2005),
6.2990 (2004),
6.2951 (2003),
6.2487 (2002),
6.2332 (2001),
6.2697 (2000),
6.2963 (1999),
6.2983 (1998),
6.2517 (1997),
6.0051 (1996),
5.9478 (1995)

'''Stock of direct foreign investment – at home:'''
$12.44 billion (2007)

'''Stock of direct foreign investment – abroad:'''
$1.419 billion (2007)

'''Market value of publicly traded shares:'''
$15.57 billion (2006)

'''Fiscal year:'''
1 October – 30 September

== See also==
{{div col|colwidth=35em}}
* [[Economy of the Caribbean]]
* [[Economy of South America]]
* [[Trinidad and Tobago dollar]]
* [[Central Bank of Trinidad and Tobago]]
* [[Central banks and currencies of the Caribbean]]
* [[List of companies of Trinidad and Tobago]]
* [[Trinidad and Tobago Stock Exchange]]
* [[List of countries by leading trade partners]]
* [[List of countries by credit rating]]
* [[List of countries by public debt]]
* [[List of Commonwealth of Nations countries by GDP]]
* [[List of Latin American and Caribbean countries by GDP growth]]
* [[List of Latin American and Caribbean countries by GDP (nominal)]]
* [[List of Latin American and Caribbean countries by GDP (PPP)]]
* [[List of countries by tax revenue as percentage of GDP]]
* [[List of countries by future gross government debt]]
{{div col end}}

==References==
{{Reflist|30em}}

==External links==
*[http://wits.worldbank.org/CountryProfile/Country/TTO/Year/2010/Summary World Bank Summary Trade Statistics Trinidad and Tobago]

{{Trinidad and Tobago topics}}
{{Caricom}}
{{Caribbean in topic|Economy of}}
{{Americas topic|Economy of}}
{{World Trade Organization}}

[[Category:Economy of Trinidad and Tobago| ]]
[[Category:World Trade Organization member economies|Trinidad and Tobago]]