FAX: [1] (868) 822-5905
Flag description:
red with a white-edged black diagonal band from the upper hoist side to the lower fly side; the colors represent the elements of earth, water, and fire; black stands for the wealth of the land and the dedication of the people; white symbolizes the sea surrounding the islands, the purity of the country's aspirations, and equality; red symbolizes the warmth and energy of the sun, the vitality of the land, and the courage and friendliness of its people
National anthem:
name: "Forged From the Love of Liberty"
lyrics/music: Patrick Stanislaus CASTAGNE
note: adopted 1962; the song was originally created to serve as an anthem for the West Indies Federation; it was adopted by Trinidad and Tobago following the Federation's dissolution in 1962
Economy ::Trinidad and Tobago
Economy - overview:
Trinidad and Tobago has earned a reputation as an excellent investment site for international businesses and has one of the highest growth rates and per capita incomes in Latin America. Economic growth between 2000 and 2007 averaged slightly over 8%, significantly above the regional average of about 3.7% for that same period; however, GDP has slowed down since then and contracted about 3.5% in 2009, before rising more than 2% in 2010. 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 products and beverages, as well as cement to the Caribbean region. 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 center, and tourism is a growing sector, although it is not as important domestically as it is to many other Caribbean islands. The economy benefits from a growing trade surplus. The previous MANNING administration benefited from fiscal surpluses fueled by the dynamic export sector; however, declines in oil and gas prices have reduced government revenues which will challenge the new government's commitment to maintaining high levels of public investment.