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Saturday 19 April, 2014 
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Skip Navigation LinksHome : AmCham T and T BFA : Host Country Facts     

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AmCham T & T BFA

Host Country Facts

The Republic of Trinidad and Tobago (T&T), a twin island state is located at the southern most point of the Caribbean archipelago, 7 miles off the coast of Venezuela, separated by the Gulf of Paria. Trinidad and Tobago has a population of 1.3 million people and is one of the most dynamic, vibrant economies in the region. The economy has experienced 12 consecutive years of economic growth (GDP growth was 12.6% in 2006), and has the highest inflow of FDI per capita in Latin America and the Caribbean.

The rich historical background and diverse culture of Trinidad and Tobago have spawned a cosmopolitican society. With English the official spoken language, and Spanish emerging as the first foreign language of the country, Trinidad and Tobago is an ideal location for the establishment and development of a wide range of business activities in both the Energy and non-energy sectors. With a high priority on regional and international trade and the formulation of alliances, T&T is currently home for the Association of Caribbean States (ACS) headquarters, as well as that of the Caribbean Court of Justice (CCJ), is a candidate for the Free Trade Area of the Americas (FTAA) headquarters, and is a leader in the Caribbean Community (CARICOM).

Trinidad and Tobago is the economic giant in the Caribbean, having the manufacturing centre, and the commercial, transshipment and financial hub of the Caribbean. The country possesses well developed heavy industries, particularly in iron and steel, methanol and nitrogenous fertilizers and petroleum products. The manufacturing sector generates US$5 billion in exports, while the service sector accounts for 60% of the GDP.

Area Population  Capital  Major Towns 
1,864 sq. miles 1.3 million Port of Spain Port of Spain, San Fernando, Arima, Chagaunas, Point Fortin, Scarborough
Currency/Banking
Trinidad and Tobago dollar $TT. The TT dollar floats against the US dollar (TT$6.30 to US$1). Travelers' cheques and international credit cards are readily accepted at major hotels, stores and automatic bank machines (ABM). For more visit: http://www.visittnt.com/currency.asp
Climate
Balmy days and breezy nights is the most appropriate description for Trinidad and Tobago's weather conditions. The rainy season beings in June and lasts till December. The average daytime temperature is 30°C or 86°F. At night, temperatures may fall to 26°C or 77°F or less. Tobago is slightly cooler and less humid than Trinidad
Language: English
While the official language is English, the many nationalities that combine to make our country what it is today have significant influence on the evolution of our dialect. Remnants of French, Spanish, Hindi, African and Amerindian are all part of the dialect.
Time Zone
We're one hour ahead of US Eastern Standard Time; four hours behind Greenwich Mean Time
People and Culture
T&T is the proverbial melting pot of the Caribbean. In this population of 1.3 million, you'll find ethnic and cultural roots stretching back to India, Africa, China, Europe and the Middle East. This colourful mix is apparent in the exotic look of our people, the spice of our cuisine, the marriage of melodies in our music, our host of religious holidays, and medley of festivals ... the biggest of all being Trinidad Carnival. For more visit: http://www.visittnt.com/about1.asp
Travel
All passengers must have passports to arrive in T&T. There are several car rental companies, as well as taxis, maxi-taxis and buses to take you to where you are going. To travel to the island of Tobago there is the ferry service as well as the Caribbean Airlines air service.
Departure tax
Departure tax must be paid on exit to the country. The current cost is TT$100 for everyone older than age 5. For more visit: http://www.visittnt.com/TT.asp