Featured Articles
Trinidad & Tobago: All You Need To Know
- By Mac McCarthy
- Published 15th April, 2008
- Trinidad & Tobago
-
Rating:
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.
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.
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