October 2011
Trinidad and Tobago
                         
BASIC INDICATORS
Population (thousands, 2010)  1 341 Rank in world trade, 2010 Exports Imports
GDP (million current US$, 2010)  20 398 Merchandise  80 103
GDP (million current PPP US$, 2010)  34 259 excluding intra-EU trade 57 78
Current account balance (million US$, 2009)  1 614 Commercial services 120 153
Trade per capita (US$, 2007-2009)  17 287 excluding intra-EU trade 94 127
Trade to GDP ratio (2007-2009)   100.8
Annual percentage change
2010   2005-2010 2009 2010
Real GDP (2005=100)   117 3 -4 0
Exports of goods and services (volume, 2005=100) ... ... ... ...
Imports of goods and services (volume, 2005=100) ... ... ... ...
                         
TRADE POLICY
WTO accession 1 March 1995 Contribution to WTO budget (%, 2011) 0.058
Trade Policy Review 14, 16 September 2005 Import duties collected (%, 2006-2008)
GPA accession  - in total tax revenue 4.9
Tariffs and duty free imports to total imports 3.9
Tariff binding coverage (%)    100 Number of notifications to WTO and measures in force 
MFN tariffs Final bound Applied 2008 Outstanding notifications in WTO Central Registry   10
Simple average of import duties Goods RTAs - services EIAs notified to WTO 3 - 2
All goods   55.8   7.5 Anti-dumping (30 June 2010) 2
Agricultural goods (AOA)   89.9   18.1 Countervailing duties (30 June 2010) ...
Non-agricultural goods   50.6   5.9 Safeguards (22 October 2010)   0
Non ad-valorem duties (% total tariff lines)   0.0   0.3 Number of disputes (complainant - defendant) 
MFN duty free imports (%, 2008) Requests for consultation 0 - 2
in agricultural goods (AOA)   25.3 Original panel / Appellate Body (AB) reports 0 - 0
in non-agricultural goods   82.7 Compliance panel / AB reports (Article 21.5 DSU) 0 - 0
Services sectors with GATS commitments   32 Arbitration awards (Article 22.6 DSU) 0 - 0
                         
MERCHANDISE TRADE  Value Annual percentage change
2010   2005-2010 2009 2010
Merchandise exports, f.o.b. (million US$)  10 590 1 -51 16
Merchandise imports, c.i.f. (million US$)  6 575 3 -27 -5
2010  a 2010  a
Share in world total exports    0.07 Share in world total imports  0.04
Breakdown in economy's total exports Breakdown in economy's total imports
  By main commodity group (ITS)   By main commodity group (ITS)
Agricultural products   3.3 Agricultural products 10.6
Fuels and mining products   78.8 Fuels and mining products 35.7
Manufactures   17.9 Manufactures 53.4
  By main destination   By main origin
1. United States   54.4 1. United States   31.0
2. European Union (27)   14.3 2. European Union (27)   11.4
3. Jamaica   5.2 3. Colombia   9.9
4. Barbados   3.0 4. Russian Federation   7.8
5. Suriname   2.0 5. Gabon   7.0
                         
COMMERCIAL SERVICES TRADE  Value Annual percentage change
2009   2005-2009   2008 2009
Commercial services exports (million US$)   758   -4 1 -17
Commercial services imports (million US$)   335   -8 -15 23
2009   2009
Share in world total exports   0.02   Share in world total imports 0.01
Breakdown in economy's total exports Breakdown in economy's total imports
  By principal services item   By principal services item
Transportation   28.4   Transportation 38.8
Travel   48.3   Travel 31.4
Other commercial services   23.3   Other commercial services 29.7
                         
INDUSTRIAL PROPERTY 
Patent grants by patent office, 2006 Trademark registrations by office, 2002
Residents Non-residents  Total  Direct residents Direct non-residents Madrid  Total 
  2   79   81   225   949 ...  1 174
                         
a  Breakdowns by destination/origin refer to 2009.