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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