Market Research In Trinidad and Tobago

Trinidad and Tobago Profile:

  • Trinidad and Tobago, officially the Republic of Trinidad and Tobago, is a twin-island sovereign state that is the southernmost nation in the Caribbean.
  • Trinidad and Tobago are known for its Carnival celebration and as the birthplace of steelpan drums, the limbo, and music styles such as calypso, soca, parang, chutney, cariso, extempo, kaiso, pichakaree, and rapso.
  • The country is also famous for its Indo-Caribbean cuisine, such as a curry chickpea flatbread sandwich known as doubles.
  • Trinidad and Tobago had the third highest GDP per capita based on purchasing power parity (PPP) in the Americas after the United States and Canada. The country’s wealth is attributed to its large reserves and exploitation of oil and natural gas.
  • Trinidad and Tobago is a member of CARICOM, United Nations, Commonwealth of Nations and the Organization of American States (OAS).

Trinidad and Tobago Economy:

  • Trinidad and Tobago are recognized by the World Bank as a high-income economy.
  • The country’s economy is primarily industrial with an emphasis on petroleum and petrochemicals.
  • Energy production and downstream industrial use dominate the economy. Oil and gas typically account for about 40% of GDP and 80% of exports but less than 5% of employment.
  • Trinidad and Tobago is buffered by considerable foreign reserves and a sovereign wealth fund that equals about one-and-a-half times the national budget, but the country is in a recession and the government faces the dual challenge of gas shortages and a low price environment.
  • Low labor productivity, inefficient government bureaucracy, and corruption have hampered economic development.

Trinidad and Tobago Facts:

  • Population: 1.2 million
  • Capital: Port of Spain
  • Largest city: Chaguanas
  • Area: 5,128 sq km
  • Major language: English (official), Trinidadian Creole English, Tobagonian Creole English, Caribbean Hindustani (a dialect of Hindi), Trinidadian Creole French, Spanish, Chinese
  • Major religion: Protestant 32.1%, Roman Catholic 21.6%, Hindu 18.2%, Muslim 5%, Jehovah’s Witness 1.5%, other 8.4%
  • Life expectancy: 70.2 years (Male), 76.2 years (Female)
  • Monetary unit: 1 Trinidad & Tobago Dollar (TT$, TTD) = 100 Cents
  • Main exports: Petroleum and petroleum products, liquefied natural gas, methanol, ammonia, urea, steel products, beverages, cereal and cereal products, cocoa, fish, preserved fruits, cosmetics, household cleaners, plastic packaging
  • GNI per Capita: $31,830

Our Market Research Services in Trinidad and Tobago:

We Employ A Wide Range of Research Techniques in Trinidad and Tobago:

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