| Capital |
Port of Spain |
| Area Sq Km |
5 130 |
| Area Sq Miles |
1 981 |
| Population |
1 283 000 |
| Languages |
English, Creole, Hindi |
| Religions |
Protestant, Roman, Catholic, Hindu, Sunni Muslim |
| Currency |
Dollar |
| National Day |
|
Trinidad and Tobago
<![CDATA[<bgsound style="margin:0px;padding:0px;" src='/gowealthy/wcms/en/home/countries/Trinidad-and-Tobago-071020.avsFiles/National Anthem/trintoba.mid' autostart="false" width="200" height="15" />]]>
Play national anthem
Economy Overview
The economy is dominated by the oil and gas
industry. Low oil pricesand falling production from the late 1980s
onwards led to a steady contractionof the economy. The proportion of
government revenue provided by the industryfell from 47% in 1990 to 17%
in 1996. However, new discoveries and increasedforeign investment are
now helping to reverse the trend. Apart from oil andgas, Trinidad has
the world's largest deposits of asphalt: a major expansion ofthis
industry was launched in 1991. Oil revenues have in the past been used
toestablish new industries, including plastics and electronics. The
agriculturalsector is small with sugar cane, coffee, cocoa and citrus
fruits as the maincommodities. Once a net exporter of foodstuffs,
Trinidad now imports the bulkof its requirements. The country's other
important foreign exchange earner istourism although this has not
reached its full potential because ofunder-investment. Trinidad &
Tobago previously had the most heavilyregulated economy in the region
but the state-controlled edifice has beendismantled during the 1990s as
part of an IMF-approved package ofprivatisation, fiscal and trade
liberalisation. The external debt has beensubstantially reduced while
growth and inflation have been at manageable levelsthrough the late
1990s. As ever, this was achieved at the cost of reductions insocial
provision and an overall growth in poverty among the bulk of
thepopulation. Moreover, the economy remains vulnerable to oil price
movements.Trinidad & Tobago is a member of the Caribbean trading
bloc, CARICOM. Thecountry's main trading partners are Jamaica, Barbados
and Guyana in the regionand the UK, the USA, Canada, Brazil and Germany
further afield.
Government
Thepresident is the constitutional head of
state. Executive power is vested in aprime minister and a cabinet drawn
from the largest parties in the bicameralparliament. This comprises the
Senate, with 31 appointed members, and the Houseof Representatives,
with 36 members elected by universal adult suffrage. Since1980, Tobago
has had its own 15-seat House of Assembly, with 12 members electedand
three selected by the ruling party. Tobago was granted full
internalself-government by the national government in January 1987.
Articles related to Trinidad and Tobago
World Cup Cricket 2007
The Cricket World Cup 2007 will be held in about 12 islands in the Caribbean and is the largest sports project ever in the Caribbean.....
This article was viewed 1949 time(s)
Miss Trinidad & Tobago 2003
Beauties from the twin islands, selected on the basis of physical attributes, education and qualifications contested for the title.....
This article was viewed 3337 time(s)
Calendar of Events Trinidad & Tobago
Want to know which are the Public Holidays in Trinidad & Tobago this year? We have a list!
This article was viewed 2668 time(s)
Review of Investment Sector inTrinidad & Tobago
Nowadays Caribbean means not just the sun, sand and sea plus music and partying.. The land of humming birds has also the most advanced and diversified production structures and hence many investment o
This article was viewed 5445 time(s)
Economy and Trade in Trinidad
The twin islands have a mature and diversified economy, where the per capita income is much higher than other caribbean countries.....
This article was viewed 1605 time(s)
Scuba Diving in Tobago
Tobago is an unusually rewarding scuba dive destination...You can play with the manta rays...explore the largest known brain coral in the world...
This article was viewed 1309 time(s)
Mother of Carnivals!!
Carnivals in Trinidad The mother of all carnivals come and live it Culture celebrates itself at the Carnival in Trinidad on 3 & 4 Marc
This article was viewed 2478 time(s)
Festivals in Trinidad & Tobago
From Carnivals to Christmas, Trinidad celebrates festivals throughout the year. The traditions and religious celebrations in the country is a mix of Asian, African, European and the Middle Eastern...c
This article was viewed 5727 time(s)
Eco tourism in Trinidad
Trinidad and Tobago harbors many wonders and secrets...hundreds of species of birds & butterflies...thousands of flowering shrubs and plants....hundreds of mammals....
This article was viewed 2162 time(s)
List of Offshore Banks in Trinidad And Tobago
There are several multinational and local banks involved in offshore transactions here...
This article was viewed 3310 time(s)
