Port of Spain a shopping and business centre for much of the country. Most government offices are also located in the city and many important government services can only be accessed in the Ministry offices located downtown. Within recent years, local banks headquartered here have helped it become a financial centre for the Caribbean and Central America region. Two of the largest banks in the Caribbean, Republic Bank, Trinidad and Tobago Limited and Royal Bank of Trinidad and Tobago (RBTT, reacquired by the Royal Bank in 2008) are headquartered here or base their Caribbean operations in the city. Trinidad's economy is based on
Port of Spain to its western suburbs, was constructed at the same time. These reclaimed lands were originally called Docksite, and were home to US forces during World War II; later a number of government buildings were constructed here. Port of Spain continued to grow in size and importance during the 19th and early 20th centuries, peaking in size in the 1960s at about 100,000 people. Since then the population within the city limits has declined in size as the downtown area has become increasingly commercial and the suburbs in the valleys north, west, and north-east of the city have grown. Today Port