According to the World Bank, Trinidad and Tobago is classified as a high-income country. This is based on the country's gross national income (GNI) per capita, which was US$20,860 in 2018. This puts the country in the top 50% of countries in the world in terms of income.
Trinidad and Tobago's economy is based on petroleum and natural gas production, as well as petrochemicals, steel, and tourism. The country also has a significant financial services sector.
The country's GNI per capita has been growing steadily in recent years, and is expected to continue to grow in the future. This growth is being driven by rising oil and gas prices, as well as increased investment in the country's infrastructure.
However, Trinidad and Tobago also faces some challenges, including a high crime rate, a large informal economy, and a lack of diversification in the economy. The government is working to address these challenges, and the country is expected to continue to make progress in the years to come.