| As the leading Caribbean producer of oil and gas, Trinidad and Tobago maintains the most favorable economic climate in the Caribbean region, marked by low inflation, steady upward growth, a stable economy, falling unemployment, and a well-organized, locally-regulated financial system. As such, the country has earned a reputation as an excellent investment site for international business. Between 2002 and 2006, the country experienced striking economic growth, culminating in a doubling of the nation’s GDP (a number that now stands at approximately US$ 90 billion). Relatedly, the country has a strong and stable financial sector, and claims the title of financial center of the Caribbean. The four major banks of Trinidad and Tobago are Republic Bank Limited, Royal Bank of Trinidad and Tobago Limited, Scotiabank Trinidad & Tobago Limited, and First Citizens Bank.
Tourism also plays a role in Trinidad and Tobago’s economy, though less prominently than in many other Caribbean countries. |
