Trinidad and Tobago
Welcome to the price transmission page for Trinidad and Tobago. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.
Trinidad and TobagoTT
Historic Warnings per Commodity
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Trinidad and Tobago is a high income economy ranking third in the Americas after the US and Canada in per capita GDP. The country possesses large reserves of oil and natural gas, whose extraction and processing dominate the industrial landscape and which contribute to two-fifths of GDP. Trinidad and Tobago is considered as the leading regional producer of oil and gas. Tourism and manufacturing goods, mainly food and cement, complement the economy’s mix.
The agricultural sector does not play any significant role for the economy: approximately one-tenth of the land area is used as agricultural land and agriculture is contributing to less than 1% of GDP. Less than 5% of the labor force engages in farming activities related to cocoa, rice, citrus or coffee. Consequently, almost all of the demand for cereals and other food products needs to be imported. Trinidad and Tobago however is one of the most biodiverse nations worldwide.
Despite the economic success and overall low unemployment rates of the high human development country, poverty rates and inequality remain as challenges. Roughly one in five is living below the national poverty line and 7.4% is undernourished according to the GHI 2015. Low birth rates combined with a relatively high emigration rate lead to a negative population growth rate. High HIV/AIDS infection and obesity rates are the main challenges in the health sector.