OIL AND GAS JOB IN CANADA APPLY NOW

-


CLICK HERE TO APPLY NOW


Trinidad and Tobago is the wealthiest country in the Caribbean as well as the third richest country by GDP (PPP) per capita in the Americas after the United States and Canada. Furthermore, it is recognised as a high income economy by the World Bank. Unlike most of the English-speaking Caribbean, the country's economy is primarily industrial,[8] with an emphasis on petroleum and petrochemicals. The country's wealth is attributed to its large reserves and exploitation of oil and natural gas.



Trinidad and Tobago has earned a reputation as an excellent investment site for international businesses and has one of the highest growth rates and per capita incomes in Latin America. Recent growth has been fueled by investments in liquefied natural gas (LNG), petrochemicals, and steel. Additional petrochemical, aluminum, and plastics projects are in various stages of planning.Trinidad and Tobago is the leading Caribbean producer of oil and gas, and its economy is heavily dependent upon these resources but it also supplies manufactured goods, notably food and beverages, as well as cement to the Caribbean region. Oil and gas account for about 40% of GDP and 80% of exports, but only 5% of employment.

The country is also a regional financial center, and tourism is a growing sector, although it is not proportionately as important as in many other Caribbean islands. The economy benefits from a growing trade surplus. Economic growth reached 12.6% in 2006 and 5.5% in 2007 as prices for oil, petrochemicals, and LNG remained high, and as foreign direct investment continued to grow to support expanded capacity in the energy sector.


Trinidad and Tobago's infrastructure is adequate by regional standards. A major expansion of the Piarco International Airport in Trinidad, the country's main airport, was completed in 2001. There is an extensive network of paved roads, and utilities which are fairly reliable in the cities. Some areas, however, especially rural districts, still suffer from water shortages. The government is addressing this problem with the construction of additional desalinization plants. Infrastructure improvement, especially rural roads and telephone service, drainage, and sewerage, are among the government's budget priorities

Trinidad and Tobago has a relatively modern, robust and reliable Information and Communications Technology (ICT) infrastructure. Mobile phone service is widespread and has been the major area of growth for several years. Digicel and Laqtel were granted cellular licenses in 2005, breaking the monopoly of the sole provider of mobile telephony services TSTT. However, as of 2015 TSTT and Digicel remain the only mobile providers

Comments

Post a Comment

Popular posts from this blog

JOBS IN GERMANY NEW VACANCIES APPLY NOW

-
Image
Germany  ( / ˈ dʒ ɜːr m ə n i /  (   listen ) ;  German :  Deutschland ,  pronounced   [ˈdɔʏtʃlant] ), officially the  Federal Republic of Germany (German:  Bundesrepublik Deutschland ,    listen   ( help · info ) ), [e] [8]  is a  federal   parliamentary republic  in  central - western Europe . It includes 16  constituent states , covers an area of 357,021 square kilometres (137,847 sq mi), and has a largely temperate seasonal climate. With about 82 million inhabitants, Germany is the most populous  member state of the European Union . After the  United States , it is the second most popular  immigration destination  in the world. [9] [10]  Germany's  capital  and  largest  metropolis is  Berlin , while its largest conurbation is the  Ruhr , with its main centres of  Dortmund  and  Essen . The country's other...
Read more

CANADA HOTEL JOBS RECRUITMENT

-
Image
CLICK HERE TO APPLY JOB The  unemployment rate  is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the  labor force . During periods of  recession , an economy usually experiences a relatively high unemployment rate. [1]  According to  International Labour Organization  report, more than 200 million people globally or 6% of the world's workforce were without a job in 2012. There remains considerable theoretical debate regarding the causes, consequences and solutions for unemployment.  Classical economics ,  new classical economics , and the  Austrian School  of economics argue that market mechanisms are reliable means of resolving unemployment.  These theories  argue against interventions imposed on the labor market from the outside such, as unionization, bureaucratic work rules,  minimum...
Read more

GERMANY JOB RECRUITMENT APPLY NOW

-
Image
CLICK HERE TO APPLY NOW The  unemployment rate  is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the  labor force . During periods of  recession , an economy usually experiences a relatively high unemployment rate. [1]  According to  International Labour Organization  report, more than 200 million people globally or 6% of the world's workforce were without a job in 2012 There remains considerable theoretical debate regarding the causes, consequences and solutions for unemployment.  Classical economics ,  new classical economics , and the  Austrian School  of economics argue that market mechanisms are reliable means of resolving unemployment.  These theories  argue against interventions imposed on the labor market from the outside such, as unionization, bureaucratic work rules,  ...
Read more