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TRINIDAD. HEADING IN THE DIRECTION OF BECOMING THE SINGAPORE OF THE WESTERN HEMISPHERE.
The oil and gas based economy of Trinidad and Tobago is healthy and booming. The rich resource base continues to fuel economic growth and prosperity, reflected in the continued development of residential and leisure facilities. Long-term growth looks promising, as Trinidad and Tobago further develops its hydrocarbon, petrochemical and metals sectors with significant increases in exports, and continues its diversification efforts in services, manufacturing and agriculture.
Clear macroeconomic policy and a stable government support the tight monetary policy which maintains a close relationship between the Trinidad and Tobago Dollar and the US Dollar, maintaining an exchange rate close to TT$6.3 to US$1.
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