il prices. Agriculture employs only about 11% of
the labor force and produces about 3% of GDP. Since this sector is
small, it has been unable to absorb the large numbers of the unemployed.
The government currently seeks to diversify its export base.
_#_GDP: $4.05 billion, per capita $3,363; real growth rate - 3.7%
(1989)
_#_Inflation rate (consumer prices): 11.4% (1989)
_#_Unemployment rate: 20% (1990)
_#_Budget: revenues $1.5 billion; expenditures $1.7 billion,
including capital expenditures of $NA (1991 est.)
_#_Exports: $1.7 billion (f.o.b., 1990 est.);
commodities--includes reexports--petroleum and petroleum products
82%, steel products 9%, fertilizer, sugar, cocoa, coffee, citrus (1988);
partners--US 53%, CARICOM 16%, EC 10%, Latin America 3% (1989)
_#_Imports: $1.3 billion (c.i.f., 1990 est.);
commodities--raw materials and intermediate goods 47%, capital
goods 26%, consumer goods 26% (1988);
partners--US 51%, Latin America 10%, UK 8%, Canada 5%,
CARICOM 6% (1989)
_#_External debt: $2.5 billion (1989)
_#_Industrial production: growth rate 5.2%, excluding oil refining
(1986); accounts for 30% of GDP, including petroleum
_#_Electricity: 1,176,000 kW capacity; 3,468 million kWh produced,
2,730 kWh per capita (1990)
_#_Industries: petroleum, chemicals, tourism, food processing, cement,
beverage, cotton textiles
_#_Agriculture: highly subsidized sector; major crops--cocoa and
sugarcane; sugarcane acreage is being shifted into rice, citrus, coffee,
vegetables; poultry sector most important source of animal protein; must
import large share of food needs
_#_Economic aid: US commitments, including Ex-Im (FY70-89), $373
million; Western (non-US) countries, ODA and OOF bilateral commitments
(1970-88), $443 million
_#_Currency: Trinidad and Tobago dollar (plural--dollars);
1 Trinidad and Tobago dollar (TT$) = 100 cents
_#_Exchange rates: Trinidad and Tobago dollars (TT$) per US$1--4.2500
(January 1991), 4.2500 (1990), 4.2500 (1989), 3.8438 (1988), 3.6000
(1987), 3.6000 (1986), 2.4500 (1985)
_#_Fiscal year: calendar year
_*_Communications
_#_Railroads: minimal agricultural system near San Fernando
_#_Highways: 8,000 km total; 4,000 km paved, 1,000 km improved earth,
3,000 km unimproved earth
_#_Pipelines: 1,032 km crude oil; 19 km refined products; 904 km
natural gas
_#_Ports: Port-of-Spain, Point Lisas, Pointe-a-Pierre
_#_Civil ai
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