Trinidad and Tobago - Economic sectors
Once the mainstay of Trinidad's colonial economy, agriculture accounted for only 2 percent of GDP in 1998, as opposed to 6.9 percent in 1972. The sector is still an important source of employment, however, employing 8.1 percent of the workforce, or 40,000 people, in 1999. Sugar is the main commercial crop, with most production geared towards the guaranteed European Union market.
|Country||Newspapers||Radios||TV Sets a||Cable subscribers a||Mobile Phones a||Fax Machines a||Personal Computers a||Internet Hosts b||Internet Users b|
|Trinidad & Tobago||123||534||334||N/A||20||3.9||46.8||28.20||30|
|a Data are from International Telecommunication Union, World Telecommunication Development Report 1999 and are per 1,000 people.|
|b Data are from the Internet Software Consortium ( http://www.isc.org ) and are per 10,000 people.|
|SOURCE: World Bank. World Development Indicators 2000.|
Industry is the dominant sector within Trinidad and Tobago's economy. The oil and gas industries are the most important, contributing 25 percent of GDP in 1999 and accounting for 73.1 percent of total exports. The petroleum sector is not, however, a major employer, providing jobs for only 3.2 percent of the workforce, or 14,000 people. Other manufacturing employs many more workers (11 percent of the workforce or 60,000 people) and contributed 8.1 percent of GDP in 1999. In 1998, industry's overall share of GDP stood at 44 percent.
Services accounted for 54 percent of GDP in 1998, encompassing transport, retail , government services, and