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Analysis

ICT stakeholders leverage Trinidad and Tobago's human resources
OBG
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With a young, English-speaking workforce that benefits from solid higher education and technical training infrastructure, Trinidad and Tobago is well positioned to advertise its human resources to potential investors. According to data compiled by T&T’s Central Statistical Office, in the second quarter of 2019 an estimated 37% of the population was aged 24 or younger, pointing to considerable…

Analysis

Trinidad and Tobago promotes unique island offerings to tourists
OBG
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In 2017 the government dissolved the Tourism Development Company and formed two new organisations in its place: the Tobago Tourism Agency (TTA) and the Tourism Trinidad Destination Management Company Limited (TTL). The bodies were established to promote each island as its own independent tourist destination, with Trinidad focusing on meetings, incentives, conferences and exhibitions (MICE) visitors,…

Analysis

Agricultural exports medicinal cannabis and chocolate source of foreign exchange for Trinidad and Tobago
OBG
plus

Alongside tourism and financial services, agro-industry is an area that holds significant potential for diversification and growth in Trinidad and Tobago’s economy. With a rich tradition of agricultural production and a climate that facilitates the cultivation of a number of cocoa hybrids, the sector has long been earmarked as a potential driver of growth. Furthermore, both raw and processed agricultural…

Analysis

Trinidad and Tobago positions itself as regional centre for liquefied natural gas bunkering
OBG
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In recent years Trinidad and Tobago’s maritime industry has witnessed changes that are sending ripples around the globe. New regulations, new technologies and changing trade volumes are altering the game, and several indicators show the country stands to benefit. A report released in August 2019 by investment firm First Citizens Research & Analytics outlined how T&T is well placed to capitalise…

Overview

Digital economy creating opportunities in the developing world
OBG
plus

An increasing amount of commercial transactions are moving online, while digital technologies are affecting every facet of the traditional economy. This has provided businesses with new channels through which to reach existing clients, as well as new opportunities for expanding their market share. For consumers, the ever-expanding digital economy promises not only greater access to goods and services,…

Overview

Digital economy creating opportunities in the developing world
OBG
plus

An increasing amount of commercial transactions are moving online, while digital technologies are affecting every facet of the traditional economy. This has provided businesses with new channels through which to reach existing clients, as well as new opportunities for expanding their market share. For consumers, the ever-expanding digital economy promises not only greater access to goods and services,…

Overview

Trinidad and Tobago positions itself as regional centre for ICT and business process outsourcing
OBG
plus

Drawing on its potential as a services outsourcing centre, Trinidad and Tobago’s ICT sector remains a key contributor to the islands’ economy. In 2018 the telecommunications and broadcasting sector contributed around 3.7% to GDP, according to the latest full-year data from the Telecommunications Authority of T&T (TATT). Revenue was generated primarily through software development, web design,…

Overview

Infrastructure projects tackle congestion, position Trinidad and Tobago as a transport hub
OBG
plus

Despite its relatively small size, Trinidad and Tobago is well placed to become a regional maritime and air transport hub. However, the country has faced challenges in improving its connections to both surrounding nations and wider global markets. On the domestic level, an increasingly diversified economy will require an upgrade of the country’s road infrastructure and internal connectivity in order…

Overview

Trinidad and Tobago taps business and events, sports and ecotourism
OBG
plus

While less prominent on the international tourism radar than other Caribbean destinations such as Barbados or the Bahamas, Trinidad and Tobago – particularly the latter island – has been able to capture a share of high-spending tourists from the US, the UK and Canada. Tobago’s smaller economy and natural landscape is more orientated towards leisure tourism than Trinidad, while the larger island…

Overview

Trinidad and Tobago invests in health infrastructure
OBG
plus

The health sector of Trinidad and Tobago is founded on the principle of a free, universal coverage funded by the government and taxpayers. The FY 2019/20 budget assigned health care the third-highest allocation after education and national security. In addition to providing health care to a population of over 1.3m, much of this budget will go towards the construction of new hospitals and clinics. While…