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Trinidad and Tobago, in the southern Caribbean, lying northeast of the South American state of Venezuela and south of Grenada in the Lesser Antilles. It also shares maritime boundaries with Barbados to the northeast and Guyana to the southeast. The 2005 estimate population is 1,305,000. Trinidad and Tobago is a primarily industrialized country whose economy is based on petroleum and petrochemicals. The 2007 estimated GDP $23.928 billion, with $18,385 per capita. Trinidad and Tobago has earned a reputation as an excellent investment site for international businesses and has one of the highest growth rates and per capita incomes in Latin America. The country covers an area of 5,128 square kilometers (1,979 sq mi) and consists of two main islands, Trinidad and Tobago, and numerous smaller landforms. Trinidad is the larger and more populous of the main islands; Tobago is much smaller, comprising about 6% of the total area and 4% of the population. English is the country's only official language. Trinidad and Tobago is famous for its pre-Lenten Carnival and as the birthplace of steelpan, calypso, soca, and limbo. It is also the birthplace of calypso music and the steelpan, which is widely claimed to be the only acoustic musical instrument invented during the 20th century. The diverse cultural and religious background allows for many festivities and ceremonies throughout the year.