United States. Central Intelligence Agency

“ Trinidad and Tobago, the leading Caribbean producer of oil and gas, has earned a reputation as an excellent investment site for international businesses. Tourism is a growing sector, although not proportionately as important as in many other Caribbean islands. The economy benefits from low inflation and a growing trade surplus. Prospects for growth in 2004 are good as prices for oil, petrochemicals, and liquified natural gas are expected to remain high, and foreign direct investment continues to grow to support expanded capacity in the energy sector. ”

“ The islands came under British control in the 19th century; independence was granted in 1962. The country is one of the most prosperous in the Caribbean thanks largely to petroleum and natural gas production and processing. Tourism, mostly in Tobago, is targeted for expansion and is growing. ”

“ Legislative branch: bicameral Parliament consists of the Senate (31 seats; 16 members appointed by the ruling party, 9 by the President, 6 by the opposition party for a maximum term of five years) and the House of Representatives (36 seats; members are elected by popular vote to serve five-year terms)
elections: House of Representatives - last held 7 October 2002 (next to be held by October 2007)
note: Tobago has a unicameral House of Assembly with 12 members serving four-year terms
election results: House of Representatives - percent of vote - PNM 55.5%, UNC 44.5% ”