Trinidad & Tobago

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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...

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,...

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...

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...

A number of recent oil and gas discoveries in Trinidad and Tobago bode well for the energy industry over the medium term, with the country well positioned to attract further investment from international operators. This comes at a time when energy multinationals are increasingly turning their interests to the Caribbean region, buoyed by an uptick in similar discoveries in...

In December 2018 Petrotrin – Trinidad and Tobago’s state-owned oil and gas company – completed a major restructuring drive, aimed at streamlining the company’s operations and cutting costs. While the move resulted in major job losses and faced opposition, it was seen as essential, both in order for the company to regain profitability and for the country to successfully revamp...

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