Trinidad and Tobago: Economic Snapshot 2020
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Oxford Business Group (OBG) began its CEO Survey in 2016 with the aim of giving our clients a handle on sentiment in the various markets we cover. Sentiment is of course intangible, but it is an all-important factor in the decisions business people and investors make when they weigh up their risk appetite. In turn, sentiment informs the level of confidence with which they view a market. It is also…
Visas Visitors to Trinidad and Tobago from most countries do not require a visa for stays of up to 90 days on holiday or 30 days on business. Immigration will interview travellers at all ports on arrival, and visitors should travel with a printed return ticket, along with the address for their stay. Visitors on 90- or 30-day visas can apply for an extension of up to six months, although this is only…
HYATT REGENCY TRINIDAD 1 Wrightson Road Port of Spain T: +1 (868) 623 2222 www.trinidad.regency.hyatt.com trinidad.reservation@hyatt.com Rooms: 423 guest rooms, including 15 suites. Business & Conference Facilities: 3995 sq metres of meeting space, 1496-sq-metre Regency Ballroom, 913-sq-metre multi-purpose exhibit space and 12 breakout rooms, including two boardrooms. Health & Leisure Facilities:…
The twin-island nation of Trinidad and Tobago is located in the southern end of the Caribbean, just off the coast of Venezuela. Its rich and varied heritage lends itself to a vibrant society and cuisine derived from an array of ethnicities and religions. On the back of elevated global oil prices, T&T has gone through a period of rapid economic expansion in recent decades, resulting in higher leve
As the political, economic and migration crisis rolls on in Venezuela, a significant number of refugees continue to make their way to Trinidad and Tobago. This had led to concerns over the possible economic consequences of the recent influx. In June 2019 the UN estimated that 40,000 people had arrived to T&T. As migrants now make up 2.9% of T&T’s population – the highest rate in the region,…
Following a deep recession and calls both domestically and internationally to boost financial transparency and broaden its tax base, Trinidad and Tobago has moved forward with the establishment of the T&T Revenue Authority (TTRA). While policymakers have long worked to streamline tax collection, the TTRA is the most important step taken by the government to date aimed at closing the gap between…
In order to fulfil the aims of the CARICOM Single Market and Economy (CSME) and the wider CARICOM policy of further economic integration, officials in the Caribbean have identified a number of key sectors that form the backbone of regional convergence, from financial services to transport and education. In 2006 a revised Treaty of Chaguaramas came into force that turned CARICOM – formerly a common…
The IMF estimates that Guyana will be the fastest-growing economy in the world in 2020, with projected growth of 84% for 2020 – up from 4.4% in 2019. The jump in growth is attributed to the fact it began oil production in December 2019. Guyana is looking to tap its natural resources, as it has the highest amount of oil reserves per capita – while Saudi Arabia has 1900 barrels per person, Guyana…