Gross value added at basic prices (GVA) (constant LCU), annual growth in Trinidad and Tobago
Trinidad and Tobago: Gross value added at basic prices (GVA) (constant LCU), annual growth was 1.01 % change on previous year in 2024. ◆ Volatile
Gross value added at basic prices (GVA) (constant LCU), annual growth in Trinidad and Tobago, 1985–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross value added at basic prices (gva) (constant lcu), annual growth in Trinidad and Tobago stood at 1.01 % change on previous year.
The figure is up 711.4% on the previous year and down 75.8% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant lcu), annual growth in Trinidad and Tobago peaked at 14.45 % change on previous year in 2003 and was at its lowest, -9.49 % change on previous year, in 2020.
That places Trinidad and Tobago 158th out of 195 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (constant LCU), annual growth in Trinidad and Tobago, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1985 | -3.58 % change on previous year | — |
| 1986 | -3.05 % change on previous year | -14.7% |
| 1987 | -4.32 % change on previous year | +41.5% |
| 1988 | -3.06 % change on previous year | -29.2% |
| 1989 | -1.44 % change on previous year | -52.9% |
| 1990 | 1.52 % change on previous year | -205.5% |
| 1991 | 2.77 % change on previous year | +82.4% |
| 1992 | -1.59 % change on previous year | -157.4% |
| 1993 | -1.18 % change on previous year | -25.5% |
| 1994 | 3.4 % change on previous year | -386.9% |
| 1995 | -9.18 % change on previous year | -370.2% |
| 1996 | 7.22 % change on previous year | -178.6% |
| 1997 | 8.3 % change on previous year | +15.0% |
| 1998 | 7.32 % change on previous year | -11.8% |
| 1999 | 8.59 % change on previous year | +17.3% |
| 2000 | 8.67 % change on previous year | +0.9% |
| 2001 | 4.19 % change on previous year | -51.7% |
| 2002 | 7.87 % change on previous year | +88.0% |
| 2003 | 14.45 % change on previous year | +83.6% |
| 2004 | 10.75 % change on previous year | -25.6% |
| 2005 | 6.19 % change on previous year | -42.4% |
| 2006 | 12.28 % change on previous year | +98.3% |
| 2007 | 4.78 % change on previous year | -61.1% |
| 2008 | 3.6 % change on previous year | -24.7% |
| 2009 | -6.92 % change on previous year | -292.2% |
| 2010 | 3.58 % change on previous year | -151.8% |
| 2011 | 0.6924 % change on previous year | -80.7% |
| 2012 | 4.84 % change on previous year | +598.4% |
| 2013 | 3.28 % change on previous year | -32.2% |
| 2014 | 4.19 % change on previous year | +27.7% |
| 2015 | -1.7 % change on previous year | -140.5% |
| 2016 | -6.68 % change on previous year | +293.6% |
| 2017 | -4.43 % change on previous year | -33.7% |
| 2018 | -1.46 % change on previous year | -66.9% |
| 2019 | 0.8663 % change on previous year | -159.2% |
| 2020 | -9.49 % change on previous year | -1195.3% |
| 2021 | -1.62 % change on previous year | -82.9% |
| 2022 | 3.33 % change on previous year | -305.3% |
| 2023 | -0.1656 % change on previous year | -105.0% |
| 2024 | 1.01 % change on previous year | -711.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -3.09 % change on previous year | -4.32 % change on previous year | -1.44 % change on previous year | 5 |
| 1990s | 2.72 % change on previous year | -9.18 % change on previous year | 8.59 % change on previous year | 10 |
| 2000s | 6.59 % change on previous year | -6.92 % change on previous year | 14.45 % change on previous year | 10 |
| 2010s | 0.3179 % change on previous year | -6.68 % change on previous year | 4.84 % change on previous year | 10 |
| 2020s | -1.39 % change on previous year | -9.49 % change on previous year | 3.33 % change on previous year | 5 |
Countries ranked near Trinidad and Tobago
- 155 Republic of Korea 1.17 % change on previous year compare
- 156 Slovenia 1.07 % change on previous year compare
- 157 Norway 1.02 % change on previous year compare
- 159 Russian Federation 0.964 % change on previous year compare
- 160 Israel 0.945 % change on previous year compare
- 161 Montenegro 0.9183 % change on previous year 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)
- Manufacturing, value added (constant LCU), per capita 19,116 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 2.79 % change on previous year (2024)
- Industry (including construction), value added (current US$), per 0.3464 current US$ per US$ of GDP (2024)
- Industry (including construction), value added (current US$), per 6,490 current US$ per person (2024)
- Industry (including construction), value added (current LCU), annual 2.79 % change on previous year (2024)
- Industry (including construction), value added (current LCU), per 2.34 current LCU per US$ of GDP (2024)
- Industry (including construction), value added (current LCU), per 43,808 current LCU per person (2024)
- Industry (including construction), value added (constant 2015 US$) 2 % change on previous year (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) (constant lcu), annual growth in Trinidad and Tobago?
- Gross value added at basic prices (gva) (constant lcu), annual growth in Trinidad and Tobago was 1.01 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant lcu), annual growth recorded in Trinidad and Tobago?
- The highest recorded value was 14.45 % change on previous year in 2003.
- What is the lowest gross value added at basic prices (gva) (constant lcu), annual growth recorded in Trinidad and Tobago?
- The lowest recorded value was -9.49 % change on previous year in 2020.
- How does Trinidad and Tobago rank for gross value added at basic prices (gva) (constant lcu), annual growth?
- Trinidad and Tobago ranks 158th out of 195 countries with data for 2024.
- Is gross value added at basic prices (gva) (constant lcu), annual growth rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 75.8%. The long-run trend across the full record is volatile.
- Where does this Trinidad and Tobago data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.