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Country
Trinidad and Tobago
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Bloc
CARICOM
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Population Size
1,368,333
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Capital
Port of Spain
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Country Size
5,128 km²
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Language(s)
English
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Prime Minister
Kamla Persad Bissesar
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Airport Code(s)
POS, TAB
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GDP
$26.76 billion
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GDP/Capita
$31,6901Source: The Global Economy, 2024 2The world average is 27291 U.S. dollars, based on data from 177 countries. Historically, the average for Trinidad and Tobago from 1990 to 2024 is 26903 U.S. dollars. The minimum value, 11885 U.S. dollars, was reached in 1990 while the maximum of 39299 U.S. dollars was recorded in 2014.
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Currency
Trinidad and Tobago Dollar (TTD)
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Capital
Country Overview
Trinidad & Tobago operates under a stable parliamentary democracy with regular elections and established institutions. Political competition is active, but governance continuity has generally been maintained, supporting a predictable policy environment.
Economically, the country is heavily reliant on the energy sector, making growth and public finances sensitive to global commodity price cycles. This dependence contributes to periods of volatility despite relatively strong income levels compared to many Caribbean peers.
Geographically, Trinidad & Tobago occupies a strategic position at the southern edge of the Caribbean, just off the coast of South America. This location places it closer to Latin American energy markets and shipping routes than most CARICOM states, shaping both its trade orientation and logistical advantages.
Internally, challenges such as crime and inequality shape the domestic landscape, while externally, Trinidad & Tobago remains exposed to trade shocks and climate-related risks typical of small, open island economies.