Page 144 - Caribbean-Central America Profile 2018

TRINIDAD & TOBAGO

CARIBBEAN-CENTRAL AMERICA PROFILE 2018

• Capital allowance in respect of approved Country Profile
capital expenditure incurred by the owner
or operator in the creation of a new tourism 1990 2000 2010 2016
World view
project or expansion of an existing tourism Population, total (millions) 1.22 1.27 1.33 1.36
project. Population growth (annual %) 0.7 0.3 0.5 0.4
• Income tax exemption on dividends accruing Surface area (sq. km) (thousands) 5.1 5.1 5.1 5.1
to the owner/or operator; where a dividend Population density (people per sq. km of land area) 238.2 .. 247.2 .. 258.9 .. 266.1 ..
is paid to a non-resident the exemption is Poverty headcount ratio at national poverty lines (% of population) 3.4 .. .. ..
Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population)
limited to the extent that the tax payable in GNI, Atlas method (current US$) (billions) 4.53 6.84 21.86 21.40
Trinidad and Tobago exceeds the tax payable GNI per capita, Atlas method (current US$) 3,710 5,400 16,460 15,680
in his country of residence. GNI, PPP (current international $) (billions) 8.93 17.00 38.70 42.05
GNI per capita, PPP (current international $) 7,300 13,400 29,140 30,810
The Act also identifies several types of People
tourism projects that would qualify for the Income share held by lowest 20% 5.5 .. .. ..
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consideration of benefits. Among them are Life expectancy at birth, total (years) 2.5 1.8 1.8 1.8
Fertility rate, total (births per woman)
tourism accommodation projects such as the Adolescent fertility rate (births per 1,000 women ages 15-19) 62 41 36 31
integrated resort developments, eco lodges, Contraceptive prevalence, any methods (% of women ages 15-49) 53 38 .. ..
hotels, guesthouses and dive lodges, and tourism Births attended by skilled health staff (% of total) 98 96 100 100
ancillary services and facilities such as marinas Mortality rate, under 5 (per 1,000 live births) 31 29 24 20
and theme parks. Prevalence of underweight, weight for age (% of children under 5) 4.7 4.4 .. ..
Immunization, measles (% of children ages 12-23 months) 70 90 92 86
Integrated resort developments are projects that Primary completion rate, total (% of relevant age group) 100 93 95 ..
usually incur a capital expenditure of at least School enrollment, primary (% gross) 95.7 104.9 .. 106.2 .. .. ..
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School enrollment, secondary (% gross)
$350 million and will include a hotel of at least School enrollment, primary and secondary (gross), gender parity index (GPI) 1 .. .. ..
200 rooms and amenities such as golf courses Prevalence of HIV, total (% of population ages 15-49) 0.1 1.0 1.2 1.2
or marinas and any other sporting, cultural or Environment
ecotourism facilities. Forest area (sq. km) (thousands) 2.4 2.3 2.3 2.3
Terrestrial and marine protected areas (% of total territorial area) 2.0 2.5 .. 2.6
CHAGUARAMAS DEVELOPMENT Annual freshwater withdrawals, total (% of internal resources) 92 .. 8.2 10.0 10.0
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AUTHORITY Improved water source (% of population with access) 90 91 91 92
Improved sanitation facilities (% of population with access)
An Act of Parliament established the Urban population growth (annual %) -1.0 2.1 -1.2 -0.7
Chaguaramas Development Authority (CDA) Energy use (kg of oil equivalent per capita) 4,900 7,760 15,109 14,447
in 1972 to administer and coordinate the CO2 emissions (metric tons per capita) 13.93 18.80 36.09 34.16
development of the northwestern peninsula. The Electric power consumption (kWh per capita) 2,683 3,991 6,189 7,134
CDA is vested with all the land of the northwest Economy
peninsula of the island of Trinidad, including GDP (current US$) (billions) 5.07 8.15 22.16 20.99
3.3
-5.1
1.5
6.9
the offshore islands. Chaguaramas is recognised GDP growth (annual %) 15.5 12.0 12.7 -1.9
Inflation, GDP deflator (annual %)
as a special economic zone within the larger Agriculture, value added (% of GDP) 3 1 1 1
economy of Trinidad and Tobago and offers Industry, value added (% of GDP) 47 49 56 36
a unique opportunity for the development of Services, etc., value added (% of GDP) 50 49 43 64
tourism, leisure and marine related industries. Exports of goods and services (% of GDP) 45 59 55 48
Imports of goods and services (% of GDP) 28 45 31 51
Chaguaramas Development Authority Gross capital formation (% of GDP) 14 17 13 9
Airway Road, Chaguaramas. Revenue, excluding grants (% of GDP) 27.6 27.1 32.9 ..
P.O. Box 3162, Net lending (+) / net borrowing (-) (% of GDP) -0.2 2.0 -1.5 ..
Carenage, States and markets
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Trinidad & Tobago Time required to start a business (days) 58.5 .. 45.2 .. 32.2 46.9
Domestic credit provided by financial sector (% of GDP)
Tel.: 868-634-4227 Tax revenue (% of GDP) 22.8 22.1 26.2 ..
Fax: (809) 634-2465 Military expenditure (% of GDP) 0.5 0.2 0.6 1.1
www.chagdev.com Mobile cellular subscriptions (per 100 people) 0.0 12.8 142.6 160.6
Individuals using the Internet (% of population) 0.0 7.7 48.5 73.3
High-technology exports (% of manufactured exports) 0 1 0 ..
FREE ZONES (AMENDMENT) Overall level of statistical capacity (scale 0-100) .. .. 71 61
ACT OF 1995 Global links
Free Zone incentives have been developed in Merchandise trade (% of GDP) 61 93 79 80
Trinidad & Tobago to promote the establishment Net barter terms of trade index (2000 = 100) 100 100 122 126
of companies that export the majority of their External debt stocks, total (DOD, current US$) (millions) .. .. .. .. .. .. .. ..
goods and services. The Trinidad and Tobago Free Total debt service (% of exports of goods, services and primary income) -32 -13 -5 ..
Net migration (thousands)
Zone Company Limited regulates companies in Personal remittances, received (current US$) (millions) 3 38 91 128
free zones and makes recommendations to the Foreign direct investment, net inflows (BoP, current US$) (millions) 109 680 549 406
Ministry of Trade and Industry on enterprises Net official development assistance received (current US$) (millions) 17.8 -1.5 4.3 ..
eligible for free zone status. Figures in italics refer to periods other than those specified. Source: World Development Indicators database.
B-108 Caribbean-Central American Action