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Economic decline in Trinidad and Tobago, driven by tax hikes and uncertainty, led to job losses, prompting a pre-election pledge of $13B in Tobago investment.
Economic conditions in Trinidad and Tobago deteriorated in late 2025 due to policy uncertainty and tax increases on alcohol and tobacco, reversing prior hiring gains and sparking job losses in services and hospitality, according to business surveys and central bank data.
In Tobago, economic decline over four years has been linked to weak infrastructure, political favoritism, and underdevelopment, with analysts citing stagnation, brain drain, and a shrinking tourism sector.
Ahead of the January 12, 2026 election, the PNM Tobago Council launched a platform promising $13 billion in investment, local job creation, infrastructure projects, and procurement reforms to restore economic vitality and governance integrity.
El declive económico en Trinidad y Tobago, impulsado por las subidas de impuestos y la incertidumbre, condujo a la pérdida de empleos, lo que provocó una promesa preelectoral de $ 13 mil millones en inversiones en Tobago.