Trinidad and Tobago

Phone Code: 001868

Root-level Domain Code: .tt

CIA Info

Background: First colonized by the Spanish, the islands came under British control in the early 19th century. The islands' sugar industry was hurt by the emancipation of the slaves in 1834. Manpower was replaced with the importation of contract laborers from India between 1845 and 1917, which boosted sugar production as well as the cocoa industry. The discovery of oil on Trinidad in 1910 added another important export. Independence was attained in 1962. The country is one of the most prosperous in the Caribbean thanks largely to petroleum and natural gas production and processing. Tourism, mostly in Tobago, is targeted for expansion and is growing.

Economy Overview: Trinidad and Tobago, the leading Caribbean producer of oil and gas, has earned a reputation as an excellent investment site for international businesses. Tourism is a growing sector, although not proportionately as important as in many other Caribbean islands. The economy benefits from a growing trade surplus. Economic growth in 2006 reached 12.6% as prices for oil, petrochemicals, and liquefied natural gas remained high, and foreign direct investment continued to grow to support expanded capacity in the energy sector. The government is coping with a rise in violent crime.

Geography Note: Pitch Lake, on Trinidad's southwestern coast, is the world's largest natural reservoir of asphalt

Location: Caribbean, islands between the Caribbean Sea and the North Atlantic Ocean, northeast of Venezuela

Natural Resources: petroleum, natural gas, asphalt

Geographic Coordinates: 11 00 N, 61 00 W

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