Flag description:
red with a white-edged black diagonal band from the upper hoist
side to the lower fly side
Economy Trinidad and Tobago
Economy - overview:
Trinidad and Tobago, the leading Caribbean producer of oil and gas,
has earned a reputation as an excellent investment site for
international businesses. Tourism is a growing sector, although not
proportionately as important as in many other Caribbean islands. The
economy benefits from a growing trade surplus. Economic growth in
2006 reached 12.6% as prices for oil, petrochemicals, and liquefied
natural gas remained high, and foreign direct investment continued
to grow to support expanded capacity in the energy sector. The
government is coping with a rise in violent crime.
GDP (purchasing power parity):
$20.99 billion (2006 est.)
GDP (official exchange rate):
$14.99 billion (2006 est.)
GDP - real growth rate:
12.6% (2006 est.)
GDP - per capita (PPP):
$19,700 (2006 est.)
GDP - composition by sector: agriculture: 0.7% industry: 57.7% services: 41.5% (2006 est.)
Labor force: 618,000 (2006 est.)
Labor force - by occupation: agriculture 9.5%, manufacturing, mining, and quarrying 9.5%, construction and utilities 12.4%, services 14% (1997 est.)