September 1, 2001
Trinidad & Tobago's GDP grew between 3% and 4%
in the 1990s and rose 4.8% last year.
Vast offshore deposits of natural gas surround the tiny island republic of Trinidad & Tobago. With crude oil revenues generating 77% of the country's foreign exchange revenues, and probable natural gas reserves of up to 80 trillion cubic feet lying within its jurisdiction, Trinidad&Tobago is an island of wealth.
Last year, the country attracted the highest level of foreign direct investment on a per capita basis for a western hemisphere country. Its $5,126 per capita income was the highest in the C
Oil revenues have made Trinidad & Tobago a rich little country and exporter of capital. The government's challenge is to channel some of that money into the local economy.