| ECONOMY |
| |
| Overview |
Trinidad
and Tobago has earned a reputation as an excellent investment
site for international businesses. A leading performer the
past four years has been the booming natural gas sector. Tourism
is a growing sector, although not proportionately as important
as in many other Caribbean islands. The economy benefits from
low inflation and a trade surplus. The year 2002 was marked
by solid growth in the oil sector, offset in part by domestic
political uncertainty. |
| GDP |
purchasing
power parity - $11.07 billion (2002 est.) |
| GDP - real
growth rate |
3.2% (2002
est.) |
| GDP - per
capita |
purchasing
power parity - $10,000 (2002 est.) |
| GDP - composition
by sector |
agriculture:
1.6%
industry: 43.2%
services: 55.2% (2000 est.) |
| Population
below poverty line |
21% (1992
est.) |
| Inflation
rate (consumer prices) |
4.3% (2002
est.) |
| Labor force |
564,000 (2000)
|
| Labor force
- by occupation |
construction
and utilities 12.4%, manufacturing, mining, and quarrying
14%, agriculture 9.5%, services 64.1% (1997 est.) |
| Unemployment
rate |
10.8% (2002)
|
| Industries |
petroleum,
chemicals, tourism, food processing, cement, beverage, cotton
textiles |
| Industrial
production growth rate |
2.6% (2002
est.) |
