global tirinidad

Description:
Trinidad and her tiny sister island of Tobago lie off the Venezuelan coast. Along the north of Trinidad runs the Northern Range of mountains, looming over the country's capital, Port of Spain. South of Port of Spain on the west coast the terrain is low, and the Caroni Swamps contain a magnificent bird sanctuary largely inhabited by the scarlet ibis. On the north and east coasts lie beautiful beaches. Central Trinidad is flat and largely given over to agriculture.

Population:

1.3 million (UN estimate 2006).

language:

The official language is English. French, Spanish, Hindi and Chinese are also spoken.

Climate:

The tropical climate is tempered by northeast trade winds. The dry season is from November to May, but it is hottest between June and October. The climate in Tobago is pleasant most of the year and although May, June and July can be wet at times, the differentiation between the wet and dry seasons is much less acute

Economy - overview:

The oil and gas industry has been the most important in Trinidad and Tobago for some time. In the summer of 2003, Trinidad signed a landmark agreement with nearby Venezuela, one of the world's largest producers, to collaborate in all aspects of the oil and gas industries. This should ensure the long-term future of the sector for Trinidad. Apart from oil and gas, Trinidad has the world's largest deposits of asphalt.

The non-oil industrial sector is concentrated in relatively new industries established with oil and gas revenues, such as plastics and electronics. The agricultural sector is small, with sugar cane, coffee, cocoa and citrus fruits as the main commodities.

The government has also sought to address historic under-investment in the tourism industry, a promising part of the economy which has undergone steady growth. The islands now cater to about 400,000 visitors annually; the industry is worth about US$275 million to the Trinidadian economy.

External debt has been substantially reduced. The economy grew by around 12% in 2006, while unemployment fell to a record low of 5.9%. Trinidad and Tobago is a member of the Caribbean trading bloc, CARICOM.

Economy:

The oil and gas industry has been the most important in Trinidad and Tobago for some time. In the summer of 2003, Trinidad signed a landmark agreement with nearby Venezuela, one of the world's largest producers, to collaborate in all aspects of the oil and gas industries. This should ensure the long-term future of the sector for Trinidad. Apart from oil and gas, Trinidad has the world's largest deposits of asphalt.

The non-oil industrial sector is concentrated in relatively new industries established with oil and gas revenues, such as plastics and electronics. The agricultural sector is small, with sugar cane, coffee, cocoa and citrus fruits as the main commodities.

The government has also sought to address historic under-investment in the tourism industry, a promising part of the economy which has undergone steady growth. The islands now cater to about 400,000 visitors annually; the industry is worth about US$275 million to the Trinidadian economy.

External debt has been substantially reduced. The economy grew by around 12% in 2006, while unemployment fell to a record low of 5.9%. Trinidad and Tobago is a member of the Caribbean trading bloc, CARICOM.

Industries:

petroleum, chemicals, tourism, food processing, cement, beverage, cotton textiles

Exports:
Petroleum and petroleum products, natural gas, manufactured goods, food and beverages.

Imports:
Main imports: Machinery, mineral fuels, manufactured goods, food and live animals.

• Main trade partners: USA, Venezuela, Brazil, Jamaica, Spain, and Germany

Exchange rates:
Trinidad and Tobago Dollar (TTD; symbol TT$) = 100 cents. Notes are in denominations of TT$100, 20, 10, 5 and 1. Coins are in denominations of 50, 25, 10, 5 and 1 cents.
http://www.worldtravelguide.net/country/282/money/Caribbean/Trinidad-and-Tobago.html

Daily Exchange Rates

GDP :
US$14 billion (2005).

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