Trinidad & Tobago’s economy is heavily reliant on oil and natural gas exports, which contribute significantly to GDP. Efforts to diversify into manufacturing, tourism, and financial services have shown limited success. Government policies focus on fostering economic diversification and sustainability, but dependency on energy remains high. Regulatory frameworks are robust, but inefficiencies and bureaucratic delays persist. Society benefits from a relatively high standard of living, though income inequality remains a concern. The education system is well-developed, producing a skilled workforce. Climate risks, such as rising sea levels, threaten coastal infrastructure. The healthcare system is advanced but unevenly distributed between urban and rural areas.
