TT home to 92 US multi-nationals

Reporting data from Uniworld 2015, the IDB said that there were in total 527 US multinationals operating within the six countries with the largest economies of the Caribbean.

Of these 527, the report said that 289 of these were public corporations. Of the 238 remaining types of companies, 92 are located in Trinidad and Tobago.

The report said: “The sectoral distribution of US multinational companies is focused largely on the tourism and manufacturing related sectors.

“With 88 companies, accommodation and food services accounts for more than 30 per cent.”

The IDB also noted that while the number of participants in some sectors (mining and construction) was small because of conditions within that sector in the respective local economy, their percentage share was relatively large because of the size of these concerns.