Petroleum, natural gas and asphalt are some of the major natural resources found in and around the main island of Trinidad In fact, T&T is a major exporter of petroleum, natural gas, ammonia, etc.
Natural resources The resources that make significant contributions to domestic economies and regional job sectors include fisheries, agriculture, forestry, mining and oil and gas bauxite , iron, nickel, petroleum and timber, among others.
Top 11 Natural Resources Water . Like soil, water is one of the most important natural resources for the existence of life. Soil. Timber. Salt. Oil . Natural Gas . Coal . Iron .
T&T’s economy is highly dependent on its rich natural resources, including petroleum, natural gas and asphalt. The main resources are medium grade crude oil and natural gas, which together account for 40% of GDP and 80% of exports.
Mineral fuels including oil: US$5.1 billion (55.7% of total exports ) Organic chemicals: $1.6 billion (17.7%) Inorganic chemicals: $997.9 million (10.9%) Iron, steel: $642.8 million (7%) Fertilizers: $350.5 million (3.8%)
Oil, coal , natural gas, metals, stone and sand are natural resources. Other natural resources are air , sunlight, soil and water . Animals, birds, fish and plants are natural resources as well.
Without a doubt, water is the most abundant resource on the planet. Approximately 72 percent of our planet is covered with water .
Natural Resources by Country Bauxite . Coal . Copper . Diamonds. Gold Lead. Iron ore . Mineral sands . Natural gas .
Top 10+ Natural Resources in the World Water . While the earth may be mostly water , only about 2-1/2 percent of it is freshwater. Air. Clean air is necessary for the existence of life on this planet. Coal . Coal is estimated to be able to last less than 200 more years. Oil . Natural gas . Phosphorus. Bauxite. Copper.
The third country on the list is Canada. Saudi Arabia is a small country in the Middle East and is slightly larger than Mexico. China tops the list for having the most natural resources estimated to be worth $23 trillion.
Here are the list of the richest people in Trinidad and their net worth: Helen Bhagwansingh – $5.5billion. Jack Ramoutarsingh – $4.67billion. Roodal Moonilal – $3.5billion. Jack Warner – $2.92billion. Imtiaz Ahamad – $2.7billion. Anand Ramlogan – $123.83million. John Rahael – $119.67million. Anthony Agostini – $86.5million.
Poorest Countries in the Caribbean
|▲||Country||GDP per capita|
Trinidad and Tobago
At the last count in 2018, Imbert pegged T&T’s debt to China at TT $2.2 billion . However, the country’s debt to the CAF stands at more than TT$5 billion. This includes the $1.35 billion loan for the upgrade to the ANR Robinson Airport in Tobago and road works in south Trinidad.
Built primarily around the oil and gas industries, Trinidad and Tobago’s economy is one of the strongest in the Caribbean. Despite this, several factors have led to economic stagnation as well as relatively prevalent poverty.
Trinidad and Tobago is one of the wealthiest countries in the Caribbean, thanks to its large reserves of oil and gas, the exploitation of which dominates its economy.