Infrastructure

Trinidad and Tobago has many advantages in infrastructure, including transportation, banking, and electricity provisions. As an island country, local authority has identified transport services, particularly maritime, as an important and high growth industry. Its port, cargo handling, inter-island ferry services, and relevant legal framework currently undergo upgrading and amendments. Moreover, the commercial banks in Trinidad and Tobago are well capitalized and have conservative lending practices with little or no exposure to high-risk debt and with a high interest rate spread. They remained profitable, albeit at a declining rate, and emerged relatively unscathed and stable in the post-2008 financial crisis environment and the subsequent economic downturn. Furthermore, Trinidad and Tobago has excelled in electricity provision. Being rich in gas and oil, Trinidad and Tobago generates almost all electricity from gas-fired power stations. Even though electricity is generated by three independent power producers, its transmission and distribution is run by the state-owned monopoly, Trinidad and Tobago Electricity Commission (T&TEC). In addition, the telecommunication market is dominated by Telecommunications Services of Trinidad and Tobago Limited and Columbus Communications Trinidad Limited, while the international switched telecommunications market is more liberalized with eight active operators.

 

Source: World Economic Forum, 2014, The Global Enabling Trade Report 2014
WTO, 2012, Trade Policy Review (Trinidad and Tobago)
World Bank, 2014, Doing Business 2014 (Trinidad and Tobago)

Indicator Value Rank/148
Quality of overall infrastructure How would you assess general infrastructure (e.g., transport, telephony, and energy) in your country? [1 = extremely underdeveloped—among the worst in the world; 7 = extensive and efficient—among the best in the world] | 2012–13 weighted average. 4.672364293 57
Quality of roads How would you assess roads in your country? (1 = extremely underdeveloped; 7 = extensive and efficient by international standards) | 2010, 2011. 3.877240389 75
Quality of port infrastructure How would you assess port facilities in your country? (1 = extremely underdeveloped; 7 = well-developed and efficient by international standards). For landlocked countries, this measures the ease of access to port facilities and inland waterways | 2010, 2011. 4.10950013 75
Quality of air transport infrastructure How would you assess passenger air transport infrastructure in your country? (1 = extremely underdeveloped; 7 = extensive and efficient by international standards) | 2010, 2011. 4.974124435 51
Individuals using Internet (%) Internet users are people with access to the worldwide network. 5.379462843 50
Mobile telephone subscriptions/100 pop According to the World Bank, mobile cellular telephone subscriptions are subscriptions to a public mobile telephone service using cellular technology, which provides access to switched telephone technology. Postpaid and prepaid subscriptions are included. This can also include analogue and digital cellular systems but should not include non-cellular systems. Subscribers to fixed wireless, public mobile data services, or radio paging services are not included. 139.4288967 28
Fixed broadband Internet subscriptions/100 pop: The International Telecommunication Union considers broadband to be any dedicated connection to the Internet of 256 kilobits per second or faster, in both directions. Broadband subscribers refers to the sum of DSL, cable modem and other broadband (for example, fiber optic, fixed wireless, apartment LANs, satellite connections) subscribers. 21.21430142 56