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ICAO, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Intelsat, Interpol, IOC, ISO, ITU, LAES, NAM, OAS, OPANAL, OPCW, UN, UNCTAD, UNESCO, UNIDO, UNU, UPU, WFTU, WHO, WIPO, WMO, WTrO Diplomatic representation in the US: chief of mission: Ambassador Michael A. ARNEAUD chancery: 1708 Massachusetts Avenue NW, Washington, DC 20036 telephone: (202) 467-6490 FAX: (202) 785-3130 consulate(s) general: Miami and New York Diplomatic representation from the US: chief of mission: Ambassador Edward E. SHUMAKER, III embassy: 15 Queen's Park West, Port-of-Spain mailing address: P. O. Box 752, Port-of-Spain telephone: (809) 622-6372 through 6376, 6176 FAX: (809) 628-5462 Flag description: red with a white-edged black diagonal band from the upper hoist side @Trinidad and Tobago:Economy Economy - overview: Trinidad and Tobago has earned a reputation as an excellent investment site for international businesses. Successful economic reforms were implemented in 1995, and foreign investment and trade are flourishing. Persistently high unemployment remains one of the chief challenges of the government. The petrochemical sector has spurred growth in other related sectors, reinforcing the government's commitment to economic diversification. Tourism is growing, especially in the pleasure boat sector. GDP: purchasing power parity - $9.41 billion (1999 est.) GDP - real growth rate: 5% (1999 est.) GDP - per capita: purchasing power parity - $8,500 (1999 est.) GDP - composition by sector: agriculture: 2% industry: 44% services: 54% (1998 est.) Population below poverty line: 21% (1992 est.) Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA% Inflation rate (consumer prices): 3.5% (1999 est.) Labor force: 558,700 (1998) Labor force - by occupation: construction and utilities 12.4%, manufacturing, mining, and quarrying 14%, agriculture 9.5%, services 64.1% (1997 est.) Unemployment rate: 14.2% (1998) Budget: revenues: $1.54 billion expenditures: $1.6 billion, including capital expenditures of $117.3 million (1998) Industries: petroleum, chemicals, tourism, food processing, cement, beverage, cotton textiles Industrial production growth rate: 7.5% (1995) Electricity - production: 4.763 billion kWh (1998) Electricity - production by source: fossil fuel: 99.27% hydro: 0% nuclear: 0% other: 0.73% (1998) Electricity - consumption: 4.43 billion kWh (1998
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