During the island's 2015 fiscal year, Trinidad and Tobago reported four consecutive quarters of unfavorable GDP growth. This resulted in an announcement by local Central Bank in early December 2015 mentioning the nation was formally in an economic crisis. The economic crisis has come as a result foreclosure timeshares of the fall in global energy costs. Trinidad and Tobago use a drifting currency exchange rate routine and since Jan. 11, 2016, one United States Dollar (USD) might have been exchanged from $6. 43 Trinidad and Tobago Dollars (TTD). (See likewise,.) Up till just recently, Jamaica was mostly understood for its reggae music, crystal clear beaches, and an unique accent.
While the Standard and Poor's 500 Index (S&P 500) reported unfavorable returns in 2015, the JSE market index rose by 97%. This came as an outcome of foreign acquisitions and a recuperating economy. The Jamaican economy is greatly dependent upon export earnings from its agriculture and mining industries. According to a January 2015 report published by the U.S. Find out more Geological Survey (USGS), Jamaica owned the world's fifth biggest bauxite reserves in 2014. The report also exposed that the island with a population of 2. 8 million was the world's 8th largest manufacturer of bauxite for that same year. Other Jamaican exports consist of alcoholic preps for drinks, cassava, raw sugar, and raw coffee beans.
Like Trinidad and Tobago, Jamaica
