Country risk rating

C3

SENSITIVE RISK

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP USD0.470bn (World ranking 200, World Bank 2020)
Population 0.072mn (World ranking 197, World Bank 2020)
Form of state Parliamentary Democracy
Head of government Roosevelt SKERRIT (Prime Minister)
Next elections 2023, presidential
  • Resilient economic growth
  • Robust tourism sector
  • Good infrastructure network
  • Sound banking sector indicators
  • Free Trade Agreement with the US (CAFTA-DR)
  • Political stability
  • Weak rule of law
  • High levels of red tape and corruption
  • Persistent income inequality is a breeding ground for social unrest

Trade structure by destination/origin

(% of total, 2020)

Exports Rank Imports
Trinidad and Tobago 17.6%
1
50.5% United States
Jamaica 17.4%
2
12.9% Trinidad and Tobago
Saint Kitts and Nevis 15.2%
3
3.9% United Kingdom
France 10.6%
4
3.5% Italy
Guyana 8.7%
5
3.0% China

Trade structure by product

(% of total, 2020)

Exports Rank Imports
Essential oils for perfume materials and cleaning preparations 44.2%
1
6.2% Petroleum, petroleum products and related materials
Vegetables and fruits 15.9%
2
5.3% Road vehicles
Miscellaneous manufactured articles, n.e.s. 10.8%
3
5.1% Meat and meat preparations
Crude fertilizers other than division 56, and crude minerals 6.6%
4
4.7% Miscellaneous manufactured articles, n.e.s.
Dyeing, tanning and colouring materials 5.4%
5
4.7% Electrical machinery, apparatus and appliances, n.e.s.
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