Attribute | Value |
---|---|
Geography | |
Area | 5,128 km² |
Continent | North America |
Land area | 5,128 km² |
Water area | 0 km² |
Land boundaries | 0 km |
Border countries | Add |
Coastline | 362 km |
Mean elevation | 83 m |
Lowest point | 0 m |
Highest point | 940 m |
People | |
Population | 1,208,789 |
Official languages |
|
Religion | Protestant |
Government | |
Long country name | Republic of Trinidad and Tobago |
Short country name | Trinidad and Tobago |
Long local name | Add |
Short local name | Add |
Former name | Add |
Government type | Parliamentary republic |
Capital | Port of Spain |
Economy | |
GDP (PPP) | 42,850,000,000 USD |
GDP (OER) | 22,780,000,000 USD |
GDP (real growth rate) | -2.6 % |
GDP - per capita (PPP) | 31,300 USD |
Gross national saving | 26.4 % of GDP |
Labor force | 629,400 |
Unemployment rate | 4.9 % |
Population below poverty line | 20 % |
Budget revenues | 5,581,000,000 USD |
Budget expenditures | 7,446,000,000 USD |
Military expenditures | 0.78 % of GDP |
Taxes and other revenues | 24.5 % of GDP |
Budget surplus or deficit | -8.2 % of GDP |
Public debt | 41.8 % of GDP |
Inflation rate | 1.9 % |
Central bank discount rate | 6.75 % |
Commercial bank prime lending rate | 9 % |
Stock of narrow money | 7,247,000,000 USD |
Stock of broad money | 7,247,000,000 USD |
Stock of domestic credit | 10,550,000,000 USD |
Market value of publicly traded shares | 177,400,000 USD |
Current account balance | 2,325,000,000 USD |
Exports | 9,927,000,000 USD |
Imports | 6,105,000,000 USD |
Reserves of foreign exchange and gold | 8,892,000,000 USD |
External debt | 8,238,000,000 USD |
National currency | Trinidad and Tobago dollars |
National currency (code) | TTD |
National currency (symbol) | $ |
National currency rate to USD | 6.78 |
First colonized by the Spanish, the islands came under British control in the early 19th century. The islands' sugar industry was hurt by the emancipation of the slaves in 1834. Manpower was replaced with the importation of contract laborers from India between 1845 and 1917, which boosted sugar production as well as the cocoa industry. The discovery of oil on Trinidad in 1910 added another important export. Independence was attained in 1962. The country is one of the most prosperous in the Caribbean thanks largely to petroleum and natural gas production and processing. Tourism, mostly in Tobago, is targeted for expansion and is growing. The government is struggling to reverse a surge in violent crime.