Trinidad and Tobago are islands between the Caribbean Sea and the North Atlantic Ocean, northeast of Venezuela. The climate is tropical. The official language is English. It is widely spoken, while Creole, Spanish and some dialects are also spoken, but not in business circles. The main religions are Christianity, Hinduism and Islam. The economy of Trinidad is based on natural gas and oil. Recent growth has been fuelled by investments in liquefied natural gas (LNG), petrochemicals, and steel. Tourism and manufacturing are also important to the local economy. Tourism is a growing sector, although not proportionately as important as in many other Caribbean islands. Agricultural products include citrus, cocoa, and other products. Expatriate business dress is typically a light suit for formal meetings and short-sleeved shirts and cotton trousers for less formal meetings. The security risk for expatriates in Trinidad and Tobago is medium overall, but high in some areas. Risks include a high crime rate on the island of Trinidad (lower on the island of Tobago), opportunistic street crime, violent crime, muggings and assaults. The currency of Trinidad and Tobago is the Trinidad/Tobago Dollar (TTD). Medical facilities are generally below international standards and can be limited and expensive for routine treatment. Serious or complex medical treatment may require evacuation which can be expensive. Cases of Zika virus and Chikungunya virus have been reported. Dengue fever is endemic. The population of Trinidad and Tobago is 1.4 Million (2019 est.), while the inflation rate (CPI) is 1.1% for Trinidad and Tobago as at June 2019. Xpatulator Hypothetical Tax for Trinidad and Tobago is based on the current personal income tax rates which are progressive up to 30%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Trinidad and Tobago, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Trinidad and Tobago as at 1 July 2019 is high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: High 2) Clothing: Low 3) Communication: High 4) Education: Very High 5) Furniture & Appliances: High 6) Groceries: High 7) Healthcare: High 8) Household Accommodation: High 9) Miscellaneous: Very High 10) Personal Care: Very High 11) Recreation & Culture: High 12) Restaurants Meals Out and Hotels: Low 13) Transport: Average Trinidad and Tobago is for example 9.3% more expensive than USA for groceries, 7.5% more expensive for household costs than UK, and 106.2% more expensive for transport costs than India. The hardship premium for Trinidad and Tobago for an expat from Australia, is for example 10%, i.e. host location (Trinidad and Tobago) premium of 20% minus home (Australia) location premium of 10%. Trinidad and Tobago is ranked as a some hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Trinidad and Tobago? Register subscribe to your home location and Trinidad and Tobago and run your personalised reports.