Situated at the southern end of the Caribbean and only 11 km from the Venezuelan coast, the twin islands of Trinidad and Tobago have long stood out in the Caribbean and South American regions. Rich in oil and gas, T&T’s economy is comparatively wealthy, features a robust democratic system and is known for its vibrant cultural traditions. Abundant oil and gas reserves ensure the country of 1.36m people enjoys impressive growth rates. Annual GDP growth averaged slightly over 8% between…
From The Report: Trinidad & Tobago 2017
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Despite a challenging environment, Trinidad and Tobago will be looking forward to a number of positive developments in 2017. These include the passage of key procurement legislation, a new revenue authority, improvements to education and health care delivery systems and strengthened ties with key partners, all of which will contribute to lifting the country’s political and economic profile. Over the medium term, prudent financial management, a well-educated workforce and stable democratic political system bode well for economic recovery, but to establish the foundation for long-term sustainable growth, the country must pursue diversification in earnest, while current efforts to diversify the economy should set the foundation for long-term sustainable growth.
This chapter contains a viewpoint from Prime Minister Keith Rowley; and an interview with David Granger, President of the Cooperative Republic of Guyana.