Trinidad and Tobago are the richest country in the Caribbean region.
After Ghana, PM Modi reached Trinidad and Tobago. The Prime Minister of this place, Kamla Prasad Bisacer, gave him a grand welcome. This Caribbean country, consisting of two islands, has a population of just 1.5 million and literacy rate is 98.6 percent. Interestingly, a small country is the richest country in Trinidad and Tobago Caribbean region. The income of the people here, their standard of living and resources show how rich this country is.
Trinidad and Tobago are listed as a high economy country in the list of World Bank. Now the question arises that how is such a small country so rich in two islands.
Why is Trinidad and Tobago so rich?
If you find the reasons for Trinidad and Tobago becoming rich, you will find that even though it is a small country, it has been included in the countries that have developed fast developed and prosperous. There have been many geographical and economic reasons behind this happening. Now let’s know the reason for this.
The biggest reason behind the richness of this country is to have oil and natural gas resources here. Trinidad and Tobago are the largest oil and gas producer in the Caribbean region. It exports natural gas to America, Europe and India. Ammonia, methanol, urea produces and exports it.
The work of making the country rich in the true sense began in the 1970s, when a policy was made to promote industry -based economy. The earnings from oil-gas were used to increase the infrastructure of the country. Electricity plants and purification karakhans started with factories.
Trinidad and Tobago dollars are the official currency here. Photo: Rosemary Calvert/Moment Mobile/Getty Images
Increased foreign investment, spent more on education
With the change of policy, the government of this Caribbean country promoted foreign investment. To empower and give employment to the youth of the country, he spent on education and human resource development education. Empower the working class through technical skills. The literacy rate increased and the educated population increased the scope of technical industries. As a result, the country got better professionals and the trend of working out did not develop. The help from IMF and World Bank in this entire process also helped to speed up the economy.
The Caribbean countries Trinidad and Tobago are completely situated on the island. Photo: Mark Meredith/Moment/Getty Images
Its location is also amazing in progress
The location of Trinidad and Tobago is also a reason for its prosperity. The country is between South America and the Caribbean region, which is an ideal place for sea routes and energy pipelines. It also gets the benefit of this. People of Indian origin have also contributed to the economy here. Indians who arrived here as a bonded laborer for the first time in 1845 are in power of the country today.
The President of President Christine Carla Kangalu and Prime Minister Kamla Prasad Bisacer are of Indian origin. Kamla Prasad Bisacer was again elected Prime Minister in May 2025. Earlier she became Prime Minister in 2010. She was the first woman of Indian origin to become the Prime Minister here. At the same time, Jagdev Singh was elected Lok Sabha speaker on May 23 this year.
Also read: How did two islands become a country, where PM Modi will go? Read the story of Trinidad and Tobago