TRINIDAD & TOBAGO

Producing oil is good, diversifying revenue sources is better

B3

SENSITIVE RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade. We have always the best solution for your needs

Swipe to view more

GDP
USD21,5bn (World ranking 111, World Bank 2020)
Population
1,39mn (World ranking 153, World Bank 2020)
Form of state Parliamentary Democracy
Head of government Keith ROWLEY (Prime Minister)
Next elections 2025, general election
  • Large oil and gas resources and largest petroleum and gas producer in the Caribbean
  • Strong external liquidity
  • Counter cyclical buffer in the form of Sovereign Wealth Fund (HSF)
  • High crime rate driven by drug and arms trafficking
  • Significant risks coming from the high dependence on energy revenues
  • Maintenance-related outages in the energy sector
  • Deteriorating fiscal position
  • Recurring foreign exchange shortages and growing external imbalances

Trade structure by destination/origin

(% of total, 2020)

Exports Rank Imports
Uruguay 24.2%
1
26.6% United States
United States 19.8%
2
15.9% Gabon
Brazil 6.0%
3
7.6% China
Haiti 5.3%
4
7.5% Russia
Belgium 4.8%
5
6.1% Colombia

Trade structure by product

(% of total, 2020)

Exports Rank Imports
Petroleum, petroleum products and related materials 26.5%
1
31.1% Petroleum, petroleum products and related materials
Gas, natural and manufactured 24.6%
2
6.6% Road vehicles
Organic chemicals 11.1%
3
5.9% Other industrial machinery and parts
Inorganic chemicals 9.9%
4
5.6% Metalliferous ores and metal scrap
Iron and steel 9.3%
5
3.7% Other transport equipment
Popular Risk Reports: Americas

Popular Risk Reports: Europe

Popular Risk Reports: Asia Pacific

Popular Risk Reports: Middle East