Trinidad and Tobago, Port-of-Spain

Overview

Trinidad and Tobago, Port-of-Spain Port of Spain is the capital of the Republic of Trinidad and Tobago. Port of Spain is Trinidad and Tobago's most developed city. The city serves primarily as a retail and administrative centre.

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 Port-of-Spain is 250,000 (2018 est.), while the inflation rate (CPI) is 1% for Trinidad and Tobago as at November 2018.

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 Port-of-Spain as at 1 January 2019 is very high in comparison to other places in the world.

In Port-of-Spain, 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):
1) Alcohol (where available) & Tobacco: Very High
2) Clothing: High
3) Communication: Low
4) Education: High
5) Furniture & Appliances: High
6) Groceries: High
7) Healthcare: High
8) Household Accommodation: Very High
9) Miscellaneous: Very High
10) Personal Care: Very High
11) Recreation & Culture: High
12) Restaurants Meals Out and Hotels: Low
13) Transport: High

Port-of-Spain is for example 28.8% more expensive than Houston TX for groceries, 67.2% more expensive for household costs than Kuala Lumpur, and 74.4% more expensive for transport costs than Dubai.

Port-of-Spain is ranked as a some hardship location.

The hardship premium for Port-of-Spain for an expat from Perth, is for example 10%, i.e. host location (Port-of-Spain) premium of 20% minus home (Perth) location premium of 10%.

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The cost of living for expatriates / professional migrants in Port-of-Spain as at 1 January 2019 is very high in comparison to other places in the world.

Port-of-Spain is ranked as a some hardship location.