What caribbean island has a higher standard of living because of its large oil reserves and how much oil does it export?

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29 December, 02:54

What caribbean island has a higher standard of living because of its large oil reserves and how much oil does it export?

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Kade Dickson · Answer 1

Trinidad and Tobago is one of the wealthiest countries in the Caribbean.

Explanation:

Dependence on the use of oil has turned the country into a revolt for global crude prices, with the collapse of its foreign debt, mass unemployment and labor protests during the 1980s and early 1990s.

Crude Oil: Exports were registered in Dec 2018 at 20.803 Barrel / Th day. It indicates that the previous figure of 23,525 barrels / day in Dec 2017 was decreased.

Crude oil from Trinidad and Tobago: annual export statistics, average between December 1980 and 2018 of 69,345, with 39 observations. The annual estimates are now revised.