Trinidad and Tobago
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About Trinidad and Tobago
Trinidad and Tobago is a Caribbean island nation between the Caribbean Sea and the North Atlantic Ocean, northeast of Venezuela, with terrain consisting mostly of plains with some hills and low mountains. The climate is tropical with a rainy season from June to December. Port of Spain serves as the capital, and Trinidad and Tobago has a population of approximately 1.41 million people who speak English, Trinidadian Creole English, and Caribbean Hindustani.
Trinidad and Tobago has a high-income Caribbean economy that is a major hydrocarbon exporter, with key sectors including petroleum and petroleum products, liquefied natural gas, methanol, ammonia, urea, and steel products. The country possesses rich natural resources of petroleum, natural gas, and asphalt. The economy also relies on tourism and finance, though it faces high inflation and growing public debt along with long foreign currency access delays.
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Country Name
conventional short form: Trinidad and Tobago
etymology: explorer Christopher COLUMBUS named the larger island "La Isla de la Trinidad" (The Island of the Trinity) in 1498, possibly because of the three mountain peaks on the island; COLUMBUS may have gotten the name Tobago, spelled "tobaco" in Spanish, from the tobacco grown and smoked locally, or from its elongated cigar shape
Economy
Economic Overview
high-income Caribbean economy; major hydrocarbon exporter; key tourism and finance sectors; high inflation and growing public debt; long foreign currency access delays; large foreign reserves and sovereign wealth fund