Page "Economy of Trinidad and Tobago" Paragraph 12

The Job market in Trinidad and Tobago stands at a very lucrative position.

According to the ( OECD ) Organization for Economic Co-operation and Development, in October 2011 when its Development Assistance Committee ( DAC ) released its list, Trinidad and Tobago were no longer on that list for the first time in history.

In essence this means that the nation of Trinidad and Tobago is no longer considered a developing nation, but can be enlisted among the developed nations of the world.

In addition the thriving energy sector, the nation controls twenty five ( 25 %) percent of the world's natural gas with a whopping GDP of twenty ( US $ 20. 5b ) billion US dollars.

These factors are quintessential in driving the demand for quality labor, especially in specialized area as it pertains to the energy sector.

Such area of specialization are for the first time in history being sort after in this little nation, but requires the expertise of ex pats to fill.

According to former Prime Minister Patrick Manning, the nation is the financial capital of the Caribbean, and being so heavily reliant on the oil and energy sectors, fosters and facilitates an environment of constant demand for specialized jobs. In addition, the Natural Gas sector is for the first time facing competition from countries such as Qatar and the United States.

All these factors are stimulating the need to produce local specialist as the demand increases. They are also clear indications that the nation is at the end of an economic downturn and poised for a period of economic boom.