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Outlook: Stable. Foreign reserves. $6.75 billion (Jan 2022 est.) [16] All values, unless otherwise stated, are in US dollars. The economy of Trinidad and Tobago is the third wealthiest in the Caribbean and the fifth-richest by GDP (PPP) per capita in the Americas. [17] Trinidad and Tobago is recognised as a high-income economy by the World Bank.
In November 2011, the OECD removed Trinidad and Tobago from its list of Developing Countries. [3] Trinidad's economy is strongly influenced by the petroleum industry. Tourism and manufacturing are also important to the local economy. Tourism is a growing sector, although not as proportionately important as in many other Caribbean islands.
Tobago is a ward of Trinidad and Tobago and is governed locally by the Tobago House of Assembly. Historically, Tobago was divided into seven parishes (Saint Andrew, Saint David, Saint George, Saint John, Saint Mary, Saint Patrick and Saint Paul). In 1768 each parish of Tobago had nominated representatives to the Tobago House of Assembly.
In Trinidad and Tobago, nearly 7.5% of the population is undernourished, and it’s estimated that over 100,000 tons (100 million kg) of household food waste occurs each year (13, 14).
Website. www.ttec.co.tt. Trinidad and Tobago Electricity Commission (T&TEC) is the sole retailer of electricity in Trinidad and Tobago. It is responsible for the design, construction, operation and maintenance of the country's electrical transmission and distribution network. The utility supplies electric power to customers on both islands via ...
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