Gross value added at basic prices (GVA) (constant 2015 US$) in Trinidad and Tobago
Trinidad and Tobago: Gross value added at basic prices (GVA) (constant 2015 US$) was 21.06 billion constant 2015 US$ in 2024. ▲ Rising
Latest (2024)
21.06 billion constant 2015 US$
Change on year
up 1.0%
World rank
112th
of 194 countries
All-time high
26.05 billion constant 2015 US$
in 2014
All-time low
8.77 billion constant 2015 US$
in 1995
Years of data
41
1984–2024
Gross value added at basic prices (GVA) in Trinidad and Tobago, 1984–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2024, gross value added at basic prices (gva) in Trinidad and Tobago stood at 21.06 billion constant 2015 US$.
Compared with earlier readings it is up 1.0% on the previous year and down 19.1% over ten years.
Over the whole period, gross value added at basic prices (gva) in Trinidad and Tobago peaked at 26.05 billion constant 2015 US$ in 2014 and was at its lowest, 8.77 billion constant 2015 US$, in 1995.
Trinidad and Tobago ranks 112th of 194 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 41 years of available data.
Gross value added at basic prices (GVA) (constant 2015 US$) in Trinidad and Tobago, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1984 | 10.77 billion constant 2015 US$ | — |
| 1985 | 10.39 billion constant 2015 US$ | -3.6% |
| 1986 | 10.07 billion constant 2015 US$ | -3.1% |
| 1987 | 9.63 billion constant 2015 US$ | -4.3% |
| 1988 | 9.34 billion constant 2015 US$ | -3.1% |
| 1989 | 9.21 billion constant 2015 US$ | -1.4% |
| 1990 | 9.35 billion constant 2015 US$ | +1.5% |
| 1991 | 9.60 billion constant 2015 US$ | +2.8% |
| 1992 | 9.45 billion constant 2015 US$ | -1.6% |
| 1993 | 9.34 billion constant 2015 US$ | -1.2% |
| 1994 | 9.66 billion constant 2015 US$ | +3.4% |
| 1995 | 8.77 billion constant 2015 US$ | -9.2% |
| 1996 | 9.40 billion constant 2015 US$ | +7.2% |
| 1997 | 10.18 billion constant 2015 US$ | +8.3% |
| 1998 | 10.93 billion constant 2015 US$ | +7.3% |
| 1999 | 11.87 billion constant 2015 US$ | +8.6% |
| 2000 | 12.90 billion constant 2015 US$ | +8.7% |
| 2001 | 13.44 billion constant 2015 US$ | +4.2% |
| 2002 | 14.50 billion constant 2015 US$ | +7.9% |
| 2003 | 16.59 billion constant 2015 US$ | +14.5% |
| 2004 | 18.37 billion constant 2015 US$ | +10.8% |
| 2005 | 19.51 billion constant 2015 US$ | +6.2% |
| 2006 | 21.91 billion constant 2015 US$ | +12.3% |
| 2007 | 22.96 billion constant 2015 US$ | +4.8% |
| 2008 | 23.78 billion constant 2015 US$ | +3.6% |
| 2009 | 22.14 billion constant 2015 US$ | -6.9% |
| 2010 | 22.93 billion constant 2015 US$ | +3.6% |
| 2011 | 23.09 billion constant 2015 US$ | +0.7% |
| 2012 | 24.21 billion constant 2015 US$ | +4.8% |
| 2013 | 25.00 billion constant 2015 US$ | +3.3% |
| 2014 | 26.05 billion constant 2015 US$ | +4.2% |
| 2015 | 25.61 billion constant 2015 US$ | -1.7% |
| 2016 | 23.90 billion constant 2015 US$ | -6.7% |
| 2017 | 22.84 billion constant 2015 US$ | -4.4% |
| 2018 | 22.50 billion constant 2015 US$ | -1.5% |
| 2019 | 22.70 billion constant 2015 US$ | +0.9% |
| 2020 | 20.54 billion constant 2015 US$ | -9.5% |
| 2021 | 20.21 billion constant 2015 US$ | -1.6% |
| 2022 | 20.88 billion constant 2015 US$ | +3.3% |
| 2023 | 20.85 billion constant 2015 US$ | -0.2% |
| 2024 | 21.06 billion constant 2015 US$ | +1.0% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 21.06 billion constant 2015 US$ is below the median for high income countries, which is 96.66 billion constant 2015 US$, 22% of the median. (69 countries reporting)
- Trinidad and Tobago's 21.06 billion constant 2015 US$ is below the median for Latin America & Caribbean, which is 23.67 billion constant 2015 US$, 89% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 9.90 billion constant 2015 US$ | 9.21 billion constant 2015 US$ | 10.77 billion constant 2015 US$ | 6 |
| 1990s | 9.86 billion constant 2015 US$ | 8.77 billion constant 2015 US$ | 11.87 billion constant 2015 US$ | 10 |
| 2000s | 18.61 billion constant 2015 US$ | 12.90 billion constant 2015 US$ | 23.78 billion constant 2015 US$ | 10 |
| 2010s | 23.88 billion constant 2015 US$ | 22.50 billion constant 2015 US$ | 26.05 billion constant 2015 US$ | 10 |
| 2020s | 20.71 billion constant 2015 US$ | 20.21 billion constant 2015 US$ | 21.06 billion constant 2015 US$ | 5 |
Countries ranked near Trinidad and Tobago
- 109 Zimbabwe 24.29 billion constant 2015 US$ compare
- 110 Estonia 23.85 billion constant 2015 US$ compare
- 111 Mali 21.42 billion constant 2015 US$ compare
- 113 Iceland 20.77 billion constant 2015 US$ compare
- 114 Malta 20.27 billion constant 2015 US$ compare
- 115 Laos 19.76 billion constant 2015 US$ compare
More economy & growth data for Trinidad and Tobago
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.73 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.79 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.49 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0414 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 785.84 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.4521 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0303 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 573.82 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.09 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0186 units per US$ of GDP (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Trinidad and Tobago?
- Gross value added at basic prices (gva) in Trinidad and Tobago was 21.06 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Trinidad and Tobago?
- The highest recorded value was 26.05 billion constant 2015 US$ in 2014.
- What is the lowest gross value added at basic prices (gva) recorded in Trinidad and Tobago?
- The lowest recorded value was 8.77 billion constant 2015 US$ in 1995.
- How does Trinidad and Tobago rank for gross value added at basic prices (gva)?
- Trinidad and Tobago ranks 112th out of 194 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 19.1%. The long-run trend across the full record is rising.
- Where does this Trinidad and Tobago data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.