Trinidad and tobago competitiveness analysis

Analysis of country using GCI: Trinidad y Tobago
1. Key indicators, 2009
• Population (millions) 1.3
• GDP (US$ billions) 20.4
• GDP per capita (US$) 15,581 (Higher than Western HemisphereGDP)
• T&T GDP (PPP), (%) of world total 0.04
2. Stage of development: Transition from stage 2 (efficiency driven) to stage 3 (Innovation driven)
3. Comparison between Trinidad and Tobagoand Average data of the Economies in transition from 2 to 3 (12 pillars of competiveness)
Trinidad and Tobago shows good results compared to the indicators (12 pillars of competiveness) of theEconomies in transition from 2 to 3. Three indicators are in basically in the same level of the average and those are: Health and primary education, business sophistication, labor market efficiency andinfrastructure. Six indicators of Trinidad & Tobago are slightly under the average of the category and those are: Institutions, macroeconomic environment, higher education and training, goods marketefficiency, technological readiness. The financial market is slightly above of the average. The pillars with the lowest grade are: Innovation and Market size.
4. Competitive advantages
The advantages ofTrinidad and Tobago by pillar are:

1. Judicial Independence (Institutions)
2. Strength of auditing and reporting standards
3. Efficacy of corporate boards
4. Strength of investor protection
5.Quality of air transport (infrastructure)
6. Quality of electricity supply
7. Mobile telephone subscriptions Government debt (Macroeconomic environment)
8. Country credit rating
9. Quality ofthe educational system(education and training)
10. Quality of math and science education
11. Quality of management schools
12. Quality of primary education (Health and primary education)
13.Intensity of local competition (market efficiency)
14. Total tax rate
15. Extent and effect of taxation
16. Prevalence of trade barriers
17. Rigidity of employment (Labor market)
18. Reliance on...