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- Trinidad & Tobago: All You Need To Know
Trinidad & Tobago: All You Need To Know
- By Mac McCarthy
- Published 15th April, 2008
- Trinidad & Tobago
-
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The beautiful twin island nation of Trinidad & Tobago is almost 200 square kilometres in size. It’s a parliamentary democracy, which became independent in 1932.
The country has a good workforce (the population is about one and a half million) with a high literacy rate of 98%. Trinidad & Tobago's economy is sound, with a GDP of around US $21 billion, annual growth rate reaching 5%, and a per-capita income close to US $16,500. Growth has been accelerated by economic reforms and monetary policies, in addition to the high price of oil. The areas of financial services, communications and transport also have a high potential for growth. Plans are afoot to diversify the economy into industries like yachting, marine food processing, music and entertainment, packaging and so on.
As far as the currency is concerned, the TT dollar is a lightly run, steady float against the US dollar.
Island resources include rich reserves of oil and natural gas – they have made the transition to a natural gas based economy from an oil based economy. They also have plenty of timber and fish. Tourism is, of course, a major industry.
The people of T & T, popularly known as Trinbagonians, share a rich heritage, the combined product of several ethnic groups – East Indian, African, European, Chinese and mixed races all contribute to the islands
’ culture.
Recent welfare reforms have made some changes in the fabric of Trinidad & Tobago society. Macroeconomic and social welfare indicators painted a brighter picture, but unemployment is still a problem that has to be dealt with.
The archipelago offers good opportunities for investment, with hardly any barriers. Adequate infrastructure and services make foreign investment a practical proposition with the chance of excellent returns. A foreigner can legally own property here – prices vary a lot, but you can often get a good deal.
Want to find out about property in Trinidad and Tobago? Go to http://sipreal.com .com for information on sales, rentals, architectural and construction services – even land survey and assessments, land clearing and tree cutting.
You can also visit http://caproli.com. The Caribbean Property Listings site here has an excellent search engine that lets you locate exactly what you’re looking for. You can find a link to this site at http://4hotgames.com where you can have a lot of fun playing challenging, absorbing games for free while you plan your vacation.
And if you’re looking for some company, a great way to make local friends is to check out the activity at http://caribdates.com.
The country has a good workforce (the population is about one and a half million) with a high literacy rate of 98%. Trinidad & Tobago's economy is sound, with a GDP of around US $21 billion, annual growth rate reaching 5%, and a per-capita income close to US $16,500. Growth has been accelerated by economic reforms and monetary policies, in addition to the high price of oil. The areas of financial services, communications and transport also have a high potential for growth. Plans are afoot to diversify the economy into industries like yachting, marine food processing, music and entertainment, packaging and so on.
As far as the currency is concerned, the TT dollar is a lightly run, steady float against the US dollar.
Island resources include rich reserves of oil and natural gas – they have made the transition to a natural gas based economy from an oil based economy. They also have plenty of timber and fish. Tourism is, of course, a major industry.
The people of T & T, popularly known as Trinbagonians, share a rich heritage, the combined product of several ethnic groups – East Indian, African, European, Chinese and mixed races all contribute to the islands
Recent welfare reforms have made some changes in the fabric of Trinidad & Tobago society. Macroeconomic and social welfare indicators painted a brighter picture, but unemployment is still a problem that has to be dealt with.
The archipelago offers good opportunities for investment, with hardly any barriers. Adequate infrastructure and services make foreign investment a practical proposition with the chance of excellent returns. A foreigner can legally own property here – prices vary a lot, but you can often get a good deal.
Want to find out about property in Trinidad and Tobago? Go to http://sipreal.com .com for information on sales, rentals, architectural and construction services – even land survey and assessments, land clearing and tree cutting.
You can also visit http://caproli.com. The Caribbean Property Listings site here has an excellent search engine that lets you locate exactly what you’re looking for. You can find a link to this site at http://4hotgames.com where you can have a lot of fun playing challenging, absorbing games for free while you plan your vacation.
And if you’re looking for some company, a great way to make local friends is to check out the activity at http://caribdates.com.
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1 Response to "Trinidad & Tobago: All You Need To Know" 
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said this on 16 Apr 2008 9:45:28 PM BST
Great description of Trinidad and Tobago
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