Tuesday, December 24, 2013

Rank and Economy

The rank of Trinidad and Tobago from the poorest is 138 and from the richest is 63 using atlas method in 2003. The gdp per capita using atlas method is 7,260 $. In other methods IMF,WB,and CIA using nominal method in 2007,2007, and 2008 are
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 PlazaTrinidad.jpg
Eric Williams Financial Complex, financial centre of Trinidad and Tobago government
CurrencyTrinidad and Tobago dollar (TTD)
Fiscal year1 October - 30 September
Trade organisationsCARICOM
Statistics
GDP$27.12 billion (2012 est.)
GDP growth0.7% (2012 est.)
GDP per capita$20,400 (2012 est.)
GDP by sectoragriculture: 0.3%; industry: 58.8%; services: 40.8% (2012 est.)
Inflation (CPI)8.7% (2012 est.)
Population
below poverty line
4% (2007 est.)
Labour force616,500 (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.)
Unemployment6.3% (2012 est.)
Main industriespetroleum and petroleum products, liquefied natural gas (LNG), methanol, ammonia, urea, steel products, beverages, food processing, cement,cotton textiles
Ease of doing business rank68th[1]
External
Exports$12.72 billion (2012 est.)
Export goodspetroleum and petroleum products, liquefied natural gas (LNG), methanol,ammoniaureasteel products,beveragescereal and cereal products,sugarCocoacoffeecitrus fruit,vegetablesflowers
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 goodsmineral fuelslubricantsmachinery, transportation equipment, manufactured goods, foodchemicals, 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 debt37.7% of GDP (2012 est.)
Revenues$8.573 billion (2013 est.)
Expenses$9.564 billion (2013 est.