Financial Places
 
 
Username:
 
Password:  
 

Lost Password

 
Financial Places Home Page
About FP
Advertise Opportunities at Financial Places
Publication Information
News for the financial market
Calendar of Events
Central Banks & Associations
Glossary
 

 

 

 

 
TRINIDAD & TOBAGO
Local Time
Country Fact Sheet

Location

It is a country in the southern Caribbean Sea, situated off 11 kilometres the Venezuelan coast

Capital

Port-of-Spain

Surface

5,128 sq km

Population

1,305 000 people

Currency

Trinidad & Tobago Dollar/$US Dollar widely accepted

GDP

Purchasing power parity - $13.92 billion

GDP/capita

Purchasing power parity - $12,900

Language

English is the official language w/Hindi, French and Spanish spoken

Religion

29,4 % Roman Catholic, 23,8% Hindu, 10,9% Anglican, 5,8 % Muslim, 3,4% Presbyterianism and 26,7 % other

Government

liberal democracy with a two-part system: President Maxwell Richards
Prime Minister Patrick Manning

Time Zone

GMT -5 hours

Telecom Code

+ 1 868

Airport

Piarco Airport (www.trinidadairport.com, www.piarcoairport.com)

Driving

On left hand side of the road, license required

Electrical

110 volts/50 cycles

Political climate

Stable country

 
Local Business & Service Providers
Financial services
Legal and fiduciary
Financial
Technology
Business travel
Image identity Consultancy
Corporate incentives
Automotive services
Accommodations
Lifestyle
 
History
Both Trinidad and Tobago were originally settled by Amerindians of South American origin. Trinidad was first settled by pre-agricultural Archaic people at least 7,000 years ago, making it the earliest-settled part of the Caribbean. Ceramic-using agriculturalists settled Trinidad around 250 BCE and then moved up the Lesser Antillean chain. At the time of European contact Trinidad was occupied by various Arawakan- and Cariban-speaking tribes including the Nepoya, Suppoya and Yao, while Tobago was occupied by the Island Caribs and Galibi. The Amerindian name for Trinidad was Kairi or Iere which is usually translated as The Land of the Hummingbird, although others have reported that it simply meant island. Christopher Columbus encountered the island of Trinidad on July 31, 1498 and named it after the Holy Trinity. Columbus reported seeing Tobago, which he named Bella Forma, but did not land on the island. The name Tobago is probably derived from tobacco.

The Spanish established a presence in Trinidad, but due to a lack of settlers, eventually allowed any Roman Catholic European to settle on the island, leading to substantial immigration from France and elsewhere. Meanwhile, Tobago changed hands between British, French, Dutch and Courlanders. Britain consolidated its hold on both islands during the Napoleonic Wars, and they were combined into the colony of Trinidad and Tobago in 1889. As a result of these colonial struggles Amerindian, Spanish, French and English place names are all common in the country. African slaves and Indian, Chinese, Portuguese and free African indentured labourers arrived to supply labour in the nineteenth and early twentieth century. Emigration from Barbados and the Lesser Antilles, Venezuela and Syria and Lebanon also impacted on the ethnic make-up of the country.

Although originally a sugar colony, cacao dominated the economy in the late nineteenth and early twentieth century. After the collapse of the cacao crop (due to disease and the Great Depression) petroleum increasingly came to dominate the economy. The Depression and the rise of the oil economy led to changes in the social structure.

The presence of American military bases in Chaguaramas and Cumuto in Trinidad during World War II profoundly changed the character of society. In the post-war period, the wave of decolonisation that swept the British Empire led to the formation of the West Indies Federation in 1958 as a vehicle for independence. Chaguaramas was the proposed site for the federal capital. The Federation dissolved after the withdrawal of Jamaica, and Trinidad and Tobago elected for independence in 1962.

In 1970, a number of students gathered in front of the Canadian Embassy to protest an application fee for students visas, in what at the time was a copycat of the 1960s civil rights movement in north America. The results are known today as the Black Power Riots of 1970.

In 1976 the country severed its links with the British monarchy and became a republic within the Commonwealth.

In 1990, 114 men of the Jamaat al Muslimeen, led by Yasin Abu Bakr (formerly known as Lennox Phillip), stormed the Trinidad & Tobago Parliament at the Red House, and the only TV Station in the country at the time, and held the country's government hostage for six days. The matter was sorted out, and the country has been largely at peace since.

Petroleum, petrochemicals and natural gas continue to be the backbone of the economy. Tourism is the mainstay of the economy of Tobago, and the island remains a favorite destination for many European tourists. Trinidad and Tobago is one of the most prosperous nations in the Caribbean, although less so than it was during the "oil boom" between 1973 and 1983.

 
Local Radio
FM Radio AM Radio

 

95.5 i95.5 FM - Trinidad TT

 

102.1 Power FM

 

102.5 Power FM - Port of Spain

 
Local Weather Forecast
BBC Weather http://www.bbc.co.uk/weather/
Reuters http://today.reuters.co.uk/weather/default.aspx?weathertype=editWeather
 
Government Agencies


 
Country Index N-Z

_Nauru

_Netherlands

_Nevis

_New Zealand

_Nigeria

_Niue

_Pakistan

_Panama

_Poland

_Republic of Chad

_Saba

_Saint-Barthelemy

_Saint-Martin

_San Marino

_Saudi Arabia

_Senegal

_Seychelles

_Sierra Leone

_Singapore

_Sint Eustatius

_Slovakia

_Slovenia

_South Africa

_St. Kitts & Nevis

_St. Lucia

_St. Vincent & Grenadines

_Sweden

_Switzerland

_Syria

_Taiwan

_Tonga

_Trinidad and Tobago

_Turks and Caicos Islands

_United Arab Emirates

_U.S.V.I. (Virgin Islands)

_Uruguay

_Vanuatu

_Western Samoa

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
Terms & Conditions
Copyright © 2007 Financial Places. All rights reserved.