Economy of Trinidad and Tobago

Imports
Imports commoditiesmineral fuels, lubricants, machinery, transportation equipment, manufactured goods, food, chemicals, live animals
Import partnersUS 33.1%, Brazil 8.1%, Colombia 7.7%, Gabon 5.5%, Canada 4.4%, China 4.2% (2012)
Exports
Exports commoditiespetroleum and petroleum products, liquefied natural gas, methanol, ammonia, urea, steel products, beverages, cereal and cereal products, sugar, cocoa, coffee, citrus fruit, vegetables, flowers
Export partnersUS 42.1%, Chile 7.1%, Argentina 6.5%, Spain 4.5% (2012)
Economy sectors
Agriculture productscocoa, rice, citrus, coffee, vegetables; poultry; sugar
Industrial productspetroleum and petroleum products, liquefied natural gas (LNG), methanol, ammonia, urea, steel products, beverages, food processing, cement, cotton textiles
Economy
Unemployment5.90 % (2013)5.60 % (2012)5.50 % (2011)
Unemployment of Trinidad and Tobago
GDP - Official Exchange Rate27.1 Billion $ (2013)25.4 Billion $ (2012)23.7 Billion $ (2011)
GDP - Official Exchange Rate of Trinidad and Tobago
GDP growth rate1.60 % (2013)0.20 % (2012)-1.50 % (2011)
GDP growth rate of Trinidad and Tobago
GDP per Capita (PPP)20,300 $ (2013)19,800 $ (2012)20,300 $ (2011)
GDP per Capita (PPP) of Trinidad and Tobago
GDP - Purchasing Power Parity27.1 Billion $ (2013)26.4 Billion $ (2012)26.9 Billion $ (2011)
GDP - Purchasing Power Parity of Trinidad and Tobago
GDP PPP per land area5.29 Million $ per square kilometer (2013)5.14 Million $ per square kilometer (2012)5.25 Million $ per square kilometer (2011)
GDP PPP per land area of Trinidad and Tobago
ElectricityBanking
Central bank discount rate4.25 % (2010)7.25 % (2009)10.8 % (2008)
Central bank discount rate of Trinidad and Tobago
Commercial bank prime lending rate7.50 % (2013)7.70 % (2012)7.99 % (2011)
Commercial bank prime lending rate of Trinidad and Tobago
GDP decomposition by sector
Agriculture % of GDP0.30 % (2013)0.30 % (2012)
Industry % of GDP57.7 % (2013)57.8 % (2012)
Services % of GDP42.0 % (2013)41.9 % (2012)
Tourism
International tourism, number of arrivals402 Thousand (2011)388 Thousand (2010)419 Thousand (2009)
International tourism, number of arrivals of Trinidad and Tobago
International tourism, number of departures248 Thousand (1996)261 Thousand (1995)
Yearly Tourist arrivals to residents ratio32.7 % (2011)29.2 % (2010)31.7 % (2009)
Yearly Tourist arrivals to residents ratio of Trinidad and Tobago
Debt, Current Account Balance and Budget Deficit
Public debt (Percentage of GDP)37.1 % of GDP (2013)37.9 % of GDP (2012)38.8 % of GDP (2011)
Public debt (Percentage of GDP) of Trinidad and Tobago
Current Account Balance (Percentage of GDP)12.2 % of GDP (2011)20.1 % of GDP (2010)8.45 % of GDP (2009)
Current Account Balance (Percentage of GDP) of Trinidad and Tobago
Current Account Balance (Total)414 Million $ (2013)959 Million $ (2012)2.26 Billion $ (2011)
Current Account Balance (Total) of Trinidad and Tobago
External Debt (Total)4.82 Billion $ (2013)4.72 Billion $ (2012)4.75 Billion $ (2011)
External Debt (Total) of Trinidad and Tobago
External Debt (Percentage of GDP)17.8 % of GDP (2013)18.6 % of GDP (2012)20.1 % of GDP (2011)
External Debt (Percentage of GDP) of Trinidad and Tobago
External Debt per Capita3,936 $ (2013)3,850 $ (2012)3,869 $ (2011)
External Debt per Capita of Trinidad and Tobago