Support our Sponsor

. . Flags of the World Maps of All Countries
  • 2001 INDEX
  • 2000 INDEX
  • 1999 INDEX
  • 1998 INDEX
  • 1996 INDEX
  • Country Ranks



    [TOP]
  • Geographic.org Home PageCountry Index

    Trinidad and Tobago Economy 1997
    https://photius.com/wfb1997/trinidad_and_tobago/trinidad_and_tobago_economy.html
    SOURCE: 1997 CIA WORLD FACTBOOK

      Economy - overview Trinidad and Tobago has earned a reputation as an excellent investmentsite for international businesses. Successful economic reforms implementedin 1995 are expected to bring an average growth rate of 2% over the next three years, and foreign investment and trade are flourishing. Unemployment - amain cause of the country's socio-economic problems - is high, but has decreasedto its lowest point in five years. The country enjoys a healthy trade surplusof $500 million, yet its heavy dependence on oil and petrochemical pricesmakes its trade balance vulnerable to sudden shifts. Furthermore, Caricom,Trinidad and Tobago's main market, is saturated, provoking some countriesto establish non-tariff trade barriers.

      GDP purchasing power parity - $17.1 billion (1996 est.)

      GDP - real growth rate 3.1% (1996 est.)

      GDP - per capita purchasing power parity - $13,500 (1996 est.)

      GDP - composition by sector
      agriculture: 2%
      industry: 45%
      services: 53% (1995 est.)

      Inflation rate - consumer price index 5.3% (1995)

      Labor force
      total: 404,500
      by occupation: construction and utilities 13%, manufacturing, mining, and quarrying14%, agriculture 11%, services 62% (1993 est.)

      Unemployment rate 16.1% (December 1996)

      Budget
      revenues: $1.65 billion
      expenditures: $1.61 billion, including capital expenditures of $NA (1996 est.)

      Industries petroleum, chemicals, tourism, food processing, cement, beverage, cottontextiles

      Industrial production growth rate 1% (1994 est.)

      Electricity - capacity 1.253 million kW (1995)

      Electricity - production 4.229 billion kWh (1995)

      Electricity - consumption per capita 2,885 kWh (1995 est.)

      Agriculture - products cocoa, sugarcane, rice, citrus, coffee, vegetables; poultry

      Exports
      total value : $2.3 billion (f.o.b., 1996)
      commodities: petroleum and petroleum products, chemicals, steel products, fertilizer,sugar, cocoa, coffee, citrus, flowers
      partners: US 48%, Caricom countries 15%, Latin America 9%, EU 5% (1994)

      Imports
      total value: $1.8 billion (c.i.f., 1996)
      commodities: machinery, transportation equipment, manufactured goods, food, liveanimals
      partners: US 47.7%, Venezuela 10%, UK 8.3%, other EU 8% (1994)

      Debt - external $1.67 billion (1996 est.)

      Economic aid
      recipient: ODA, $10 million (1993)

      Currency 1 Trinidad and Tobago dollar (TT$) = 100 cents

      Exchange rates Trinidad and Tobago dollars (TT$) per US$1 - 6.1791 (January 1997),6.0051 (1996), 5.9478 (1995), 5.9249 (1994), 5.3511 (1993), 4.2500 (1992)

      Fiscal year calendar year

      NOTE: The information regarding Trinidad and Tobago on this page is re-published from the 1997 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Trinidad and Tobago Economy 1997 information contained here. All suggestions for corrections of any errors about Trinidad and Tobago Economy 1997 should be addressed to the CIA.

    Support Our Sponsor

    Support Our Sponsor

    Please put this page in your BOOKMARKS - - - - -




    https://photius.com/wfb1997/trinidad_and_tobago/trinidad_and_tobago_economy.html

    Revised 06-Mar-02
    Copyright © 2002 Photius Coutsoukis (all rights reserved)


    ctr03/06/02