IMF.........................................................WB...................................................CIA
rank/measure.........................................rank/measure......................................rank/measure
38/16,042............................................33/14,990......................................36/19,591
Trinidad and Tobago is one of the wealthiest and most developed nations in the Caribbean and is listed in the top 66 High Income countries in the world. In the Caribbean, it is one of the richest countries, with a per capita GDP of USD $28,400 (2009). In November 2011, the OECD removed Trinidad and Tobago from its list of Developing Countries. 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),petrochemicals, and steel. Additional petrochemical, aluminum, and plastics projects are in various stages of planning. Trinidad and Tobago is the leading Caribbean producer of oil and gas, and its economy is heavily dependent upon these resources but 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
| Economy of Trinidad and Tobago | |
|---|---|
Eric Williams Financial Complex, financial centre of Trinidad and Tobago government
| |
| Currency | Trinidad and Tobago dollar (TTD) |
| Fiscal year | 1 October - 30 September |
| Trade organisations | CARICOM |
| Statistics | |
| GDP | $27.12 billion (2012 est.) |
| GDP growth | 0.7% (2012 est.) |
| GDP per capita | $20,400 (2012 est.) |
| GDP by sector | agriculture: 0.3%; industry: 58.8%; services: 40.8% (2012 est.) |
| Inflation (CPI) | 8.7% (2012 est.) |
| Population below poverty line | 4% (2007 est.) |
| Labour force | 616,500 (2012 est.) |
| Labour force by occupation | agriculture: 3.8%; manufacturing, mining, and quarrying: 12.8%; construction and utilities: 20.4%; services: 62.9% (2007 est.) |
| Unemployment | 6.3% (2012 est.) |
| Main industries | petroleum and petroleum products, liquefied natural gas (LNG), methanol, ammonia, urea, steel products, beverages, food processing, cement,cotton textiles |
| Ease of doing business rank | 68th[1] |
| External | |
| Exports | $12.72 billion (2012 est.) |
| Export goods | petroleum and petroleum products, liquefied natural gas (LNG), methanol,ammonia, urea, steel products,beverages, cereal and cereal products,sugar, Cocoa, coffee, citrus fruit,vegetables, flowers |
| Main export partners |  United States 40.3% Argentina 6.9% Chile 6.8% Jamaica 4.9% Spain 4.3% (2012 est.)[2] |
| Imports | $9.362 billion (2012 est.) |
| Import goods | mineral fuels, lubricants, machinery, transportation equipment, manufactured goods, food, chemicals, live animals |
| Main import partners | United States 30.8% Colombia 13.9% Brazil 7.6% Gabon 5.0% Canada 4.1%(2012 est.)[3] |
| Gross external debt | $4.78 billion (31 December 2012 est.) |
| Public finances | |
| Public debt | 37.7% of GDP (2012 est.) |
| Revenues | $8.573 billion (2013 est.) |
| Expenses | $9.564 billion (2013 est. |
