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Since December 24, 2001, the governing party has been the People's National Movement led by Patrick Manning; the Opposition party is the United National Congress led by Basdeo Panday.

The Head of State of Trinidad and Tobago is the president, currently Professor Emeritus George Maxwell Richards. The President is elected by an Electoral College consisting of the full membership of both houses of Parliament. The parliament consists of two chambers, the Senate (31 seats) and the House of Representatives (36 seats). The members of the Senate are appointed by the president. The 16 Government Senators are appointed on the advice of the Prime Minister, the 6 Opposition Senators are appointed on the advice of the Leader of the Opposition and the 9 Independent Senators are appointed by the President to represent other sectors of civil society. The 36 members of the House of Representatives are elected by the people for a maximum of five years.

The principal economic forces in Tobago are tourism and government spending. Conventional beach and water-sports tourism is largely focussed in the south-east around the airport and the coastal strip. However ecotourism is growing in significance and much of this is focussed on the large area of protected forest in the centre and north of the main island and also on Little Tobago, a small island off the north east tip of the main island.

The country has remained a member of the Commonwealth, and until 2003 has retained the Judicial Committee of the Privy Council in London as its highest court of appeal.

This forested area has great biodiversity including many species of birds, mammals, frog and (non-poisonous) snakes. It is also one of the most approachable area of rain-forest since it is relatively small and there are Government appointed guides who provide an authoritative guiding service through the forest at very reasonable cost. The guides are very knowledgeable about the plants and the animals and can call down rare and exotic birds from the canopy by imitating their calls.