Blog Caribbean 5.0

Blog Caribbean 5.0

Trinidad and Tobago

Posted on April 11, 2013 at 7:30 AM

Trinidad and Tobago is one of the wealthiest and most developed nations in the Caribbean and is listed in the top 40 (2010 information) of the 70 High Income countries in the world. It has one of the highest GDP per capita of USD $20,300 (2011) in the Caribbean.[43] In November 2011, the OECD removed Trinidad and Tobago from its list of Developing Countries.[44] Trinidad's economy is strongly influenced by the petroleum industry. Tourism and manufacturing are also important to the local economy. Tourism is a growing sector, although not proportionately as important as in many other Caribbean islands. Agricultural products include citrus, cocoa, and other products.

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.

Graphical depiction of Trinidad and Tobago's product exports in 28 colour-coded categories.Oil and gas account for about 40% of GDP and 80% of exports, but only 5% of employment. The country is also a regional financial centre, and the economy has a growing trade surplus.[9] The expansion of Atlantic LNG over the past six years created the largest single-sustained phase of economic growth in Trinidad and Tobago. It has become the leading exporter of LNG to the United States, and now supplies some 70% of U.S. LNG imports.[45]

Trinidad and Tobago has transitioned from an oil-based economy to a natural gas based economy. In 2007, natural gas production averaged 4 billion cubic feet per day (110,000,000 m3/d), compared with 3.2×106 cu ft/d (91,000 m3/d) in 2005. In December 2005, the Atlantic LNG fourth production module or "train" for liquefied natural gas (LNG) began production. Train 4 has increased Atlantic LNG's overall output capacity by almost 50% and is the largest LNG train in the world at 5.2 million tons/year of LNG.

Trinidad and Tobago's infrastructure is good by regional standards.[original research?] The international airport in Trinidad was expanded in 2001. There is an extensive network of paved roads with several good four and six lane highways including one controlled access expressway. The Ministry of Works estimates that an average Trinidadian spends about four hours in traffic per day.[citation needed] Emergency services are reliable, but may suffer delays in rural districts.[citation needed] Private hospitals are available and reliable.[citation needed] Utilities are fairly reliable in the cities.[citation needed] Some areas, however, especially rural districts, still suffer from water shortages.[citation needed]

Telephone service is relatively modern and reliable.[original research?][citation needed] Cellular service is widespread and has been the major area of growth for several years. Telecommunications Services of Trinidad and Tobago Limited (generally known as TSTT) is the largest telephone and Internet service provider in Trinidad and Tobago. The company, which is jointly owned by the Government of Trinidad and Tobago and Cable & Wireless, was formed out of a merger of Telco (Trinidad and Tobago Telephone Company Limited) and Textel (Trinidad and Tobago External Telecommunications Company Limited). TSTT no longer holds a monopoly in fixed-line telephone services due to Flow introducing a fixed-line service of their own, and their cellular monopoly was broken in June 2005 when licences were granted to Digicel and Laqtel. Laqtel however never started business.


Categories: Caribbean Society 3.0, SIDS

Post a Comment


Oops, you forgot something.


The words you entered did not match the given text. Please try again.

Already a member? Sign In


Reply Logo Print Balloon
12:26 AM on February 6, 2023 
ABS Plastic Waterproof Case
Logo Print Balloon
Reply ¥ë¥¤¥ô¥£¥È¥óØ?²¼¥³¥Ô©`¼¤°²´úÒý¤­
4:38 PM on February 5, 2023 
Cbd Hemp Oil Vape
Segment CNC Diamond Wheel
Reply Chinese Barcode Scanner
10:11 AM on February 5, 2023 
4k Hd Seamless Narrow Bezel LCD Video Wall
Chinese Barcode Scanner
Reply telosanft
8:47 AM on February 5, 2023 
butterfly sleeve frock washington nationals shamrock hat emmanuel sanders 10 jersey mountain khakis camber 105 air jordan 1 university red nike air jordan 4 women all black red uk
Reply ¥ë¥¤¥ô¥£¥È¥ó¥³¥Ô©`Ø?²¼
10:56 AM on February 4, 2023 
16 Gauge Stainless Steel Finish Nails|-best-square-
Plastic Waterproof Outlet Box
Reply ¥ë¥¤¥ô¥£¥È¥ó¥³¥Ô©`Ø?²¼
4:50 AM on February 4, 2023 
Plastic Stainless Steel Skin-Peeler
Radiation Apron Maternity
Reply ¥ë¥¤¥ô¥£¥È¥óØ?²¼¥³¥Ô©`¼¤°²´úÒý¤­
12:48 AM on February 4, 2023 
Wig Tape
Wire Harness Connector Types
Reply Outdoor Garbage Dust Bin Galvanized Steel Medical Bin
6:07 PM on February 3, 2023 
Shrink-Proof Quick-Drying
Outdoor Garbage Dust Bin Galvanized Steel Medical Bin
Reply ¥ë¥¤¥ô¥£¥È¥óØ?²¼¥³¥Ô©`
10:35 AM on February 3, 2023 
Direct Drive Hand-Stitch Sewing Machine
Digital Weigh Bridge Indicator
Reply ilovejay
12:39 PM on February 2, 2023 
famous heels with red bottoms cincinnati reds 47 mlb girls sugar sweet 47 mvp cap adidas yeezy 350 sort online expensive red bottom shoes detroit lions cuffed knit hat quizlet adidas nmd grau and rot
Reply Wholesale New Fashion Alloy Metal Clip Gold Plated Hair Claws Crystal Rhinestone Hair Clip Clamps Accessories For Women
10:25 AM on February 2, 2023 
Kid Digger
Wholesale New Fashion Alloy Metal Clip Gold Plated Hair Claws Crystal Rhinestone Hair Clip Clamps Accessories For Women
Reply smukkebryster
6:02 AM on February 2, 2023 
zach wilson white jersey rose lavelle uswnt jersey oakley frogskins prizm polarized lebron baseball blue new everton kit leaked for cheap air force 1 lv 08 noir
Reply ??????°¥¬???
4:28 AM on February 2, 2023 
Timber Stairs Outdoor
Plastic Waste Single Shaft Shredder
Reply Brass Purifier Faucet 1/4" Screw Shank
12:40 AM on February 2, 2023 
Irrigation Gate Valve
Brass Purifier Faucet 1/4" Screw Shank
Reply putcosales
9:27 PM on February 1, 2023 
women nike eagles 13 nelson agholor black alternate nfl vapor untouchable limited jersey elite brian quick mens jersey st. louis rams 83 grey shadow nfl kobe 8 christmas white black red boston red sox ladies hats zillow ccm vintage jerseys for cheap jonathan simkhai black lace dress
Reply boolymn
8:40 PM on February 1, 2023 
priligy dapoxetina 30mg nos eua Can Blood Pressure Medicine Cause Gerd
Reply Drywall Screw
2:59 PM on February 1, 2023 
Wire To Protect Plants
Drywall Screw
Reply heraltese
7:25 AM on February 1, 2023 
j, Data are mean SEM buy priligy online safe