Natural Resources of Trinidad and Tobago
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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. in the world economy.
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.
Economy of Trinidad and Tobago
|Main industries||petroleum and petroleum products, liquefied natural gas (LNG), methanol, ammonia, urea, steel products, beverages, food processing, cement, cotton textiles|
|Ease-of-doing-business rank||105th (medium, 2020)|
|Exports||$11 billion (2015 est.)|
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.
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.
Poorest Countries in the Caribbean
|▲||Country||GDP per capita|
Trinidad and Tobago has a GDP per capita of $31,300 as of 2017, while in Jamaica , the GDP per capita is $9,200 as of 2017.
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.
Barbados is a mixed economy Barbados maintains the third largest stock exchange in the Caribbean region. GDP per Capita Income (USD)
|Caribbean||GDP per capita (PPP) in USD|
|US Virgin Islands||34,899|
|British Virgin Islands (BVI)||34,200|
Popular breakfast foods include doubles; roti (usually sada roti) served with a variety of curried, roasted or fried vegetable dishes; fried bake served with saltfish, meat, or vegetable dishes; and coconut bake (coconut bread) served with a range of fillings.
Exercise increased caution in Trinidad and Tobago due to crime , terrorism, and kidnapping. Some areas have increased risk. Read the entire Travel Advisory. Laventille, Beetham, Sea Lots, Cocorite, and the interior of Queen’s Park Savannah in Port of Spain due to crime .