Yacht Services Association of Trinidad & Tobago  

 

 

PO Box 2852 TT Post, Chaguaramas

Tel:  (868) 634 4938  Fax:  (868) 634 2160

E-Mail: info@ysatt.org  or  ysatt@tstt.net.tt

 

  

 

 

 

Introduction & Objectives  I  Methodology  I  Background Information  I  SWOT Analysis  I  Price Comparisons - Consume Goods

Price Comparisons - Marine Related  I  Non Fiscal Comparisons  I  Trinidad's Competitive Position  I  Recommendations  I  Next Steps

Conclusions  I  Annex I - List of Consumer Goods Prices  I  Annex II - List of Persons, Publications & Websites Consulted

 

 

Cost Comparisons

 

Consumer Goods:

 

Eleven items regularly consumed by visiting yachtsmen were used for comparison in the study.  Overall, the cost of goods in Trinidad was below that of the rest of the region. Table 1 below exhibits the rank of the countries cost of goods in ascending order, values are in US Dollars.  Trinidad and Tobago was ranked the lowest cost out of 16 countries; this is clearly demarked in diagram 1 below.  Appendix A outlines the full price listing for consumer goods listed by country alphabetical order.

 

Table 1

 

Country Basket of Goods in US Dollars
Tortuga

59.34
Trinidad 84.24
St. Kitts 84.65
Ft Lauderdale 88.10
Martinique 91.24
BVI 91.39
St. Vincent 93.44
Jamaica 93.50
Antigua 95.97
St. Lucia 96.03
Curacao 99.23
Puerto Rico 104.55
Grenada 116.89
St. Maarten 118.61
Dominica 123.24

 

Visiting yachtsmen therefore buying the bundle of goods as indicated in the chart below enjoys favourable prices as compared with its regional neighbours.

 

Diagram 1

 

These findings indicate that a yachtsmen visiting Trinidad will likely spend less on a daily basis on consumer goods and incidentals than in the neighbouring countries.

 

Given that the average stay in Trinidad is approximately 90 days, this can result in an overall saving on the part of the yachtsmen.