Gross value added at basic prices (GVA) (constant LCU), per unit of in Trinidad and Tobago
Trinidad and Tobago: Gross value added at basic prices (GVA) (constant LCU), per unit of was 5.7 constant LCU per US$ of GDP in 2024. ▼ Falling
Gross value added at basic prices (GVA) (constant LCU), per unit of in Trinidad and Tobago, 1984–2024
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
In 2024, gross value added at basic prices (gva) (constant lcu), per unit of in Trinidad and Tobago stood at 5.7 constant LCU per US$ of GDP.
Compared with earlier readings it is down 1.3% on the previous year and down 7.0% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant lcu), per unit of in Trinidad and Tobago peaked at 14.78 constant LCU per US$ of GDP in 1989 and was at its lowest, 5.11 constant LCU per US$ of GDP, in 2022.
Trinidad and Tobago ranks 99th of 196 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 41 years of available data.
Gross value added at basic prices (GVA) (constant LCU), per unit of in Trinidad and Tobago, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1984 | 9.64 constant LCU per US$ of GDP | — |
| 1985 | 9.77 constant LCU per US$ of GDP | +1.4% |
| 1986 | 14.58 constant LCU per US$ of GDP | +49.1% |
| 1987 | 13.94 constant LCU per US$ of GDP | -4.4% |
| 1988 | 14.42 constant LCU per US$ of GDP | +3.4% |
| 1989 | 14.78 constant LCU per US$ of GDP | +2.5% |
| 1990 | 12.8 constant LCU per US$ of GDP | -13.4% |
| 1991 | 12.56 constant LCU per US$ of GDP | -1.9% |
| 1992 | 12.06 constant LCU per US$ of GDP | -4.0% |
| 1993 | 13.88 constant LCU per US$ of GDP | +15.1% |
| 1994 | 13.55 constant LCU per US$ of GDP | -2.4% |
| 1995 | 11.42 constant LCU per US$ of GDP | -15.7% |
| 1996 | 11.33 constant LCU per US$ of GDP | -0.8% |
| 1997 | 12.32 constant LCU per US$ of GDP | +8.7% |
| 1998 | 12.55 constant LCU per US$ of GDP | +1.9% |
| 1999 | 12.1 constant LCU per US$ of GDP | -3.6% |
| 2000 | 10.98 constant LCU per US$ of GDP | -9.3% |
| 2001 | 10.57 constant LCU per US$ of GDP | -3.7% |
| 2002 | 11.17 constant LCU per US$ of GDP | +5.7% |
| 2003 | 10.19 constant LCU per US$ of GDP | -8.8% |
| 2004 | 9.6 constant LCU per US$ of GDP | -5.7% |
| 2005 | 8.47 constant LCU per US$ of GDP | -11.8% |
| 2006 | 8.28 constant LCU per US$ of GDP | -2.3% |
| 2007 | 7.36 constant LCU per US$ of GDP | -11.1% |
| 2008 | 5.92 constant LCU per US$ of GDP | -19.6% |
| 2009 | 8.01 constant LCU per US$ of GDP | +35.3% |
| 2010 | 7.18 constant LCU per US$ of GDP | -10.4% |
| 2011 | 6.3 constant LCU per US$ of GDP | -12.3% |
| 2012 | 6.19 constant LCU per US$ of GDP | -1.8% |
| 2013 | 6.08 constant LCU per US$ of GDP | -1.8% |
| 2014 | 6.13 constant LCU per US$ of GDP | +1.0% |
| 2015 | 6.62 constant LCU per US$ of GDP | +7.9% |
| 2016 | 7.02 constant LCU per US$ of GDP | +6.0% |
| 2017 | 6.65 constant LCU per US$ of GDP | -5.3% |
| 2018 | 6.54 constant LCU per US$ of GDP | -1.7% |
| 2019 | 6.71 constant LCU per US$ of GDP | +2.6% |
| 2020 | 6.83 constant LCU per US$ of GDP | +1.7% |
| 2021 | 5.79 constant LCU per US$ of GDP | -15.2% |
| 2022 | 5.11 constant LCU per US$ of GDP | -11.7% |
| 2023 | 5.78 constant LCU per US$ of GDP | +13.0% |
| 2024 | 5.7 constant LCU per US$ of GDP | -1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 12.85 constant LCU per US$ of GDP | 9.64 constant LCU per US$ of GDP | 14.78 constant LCU per US$ of GDP | 6 |
| 1990s | 12.46 constant LCU per US$ of GDP | 11.33 constant LCU per US$ of GDP | 13.88 constant LCU per US$ of GDP | 10 |
| 2000s | 9.06 constant LCU per US$ of GDP | 5.92 constant LCU per US$ of GDP | 11.17 constant LCU per US$ of GDP | 10 |
| 2010s | 6.54 constant LCU per US$ of GDP | 6.08 constant LCU per US$ of GDP | 7.18 constant LCU per US$ of GDP | 10 |
| 2020s | 5.84 constant LCU per US$ of GDP | 5.11 constant LCU per US$ of GDP | 6.83 constant LCU per US$ of GDP | 5 |
Countries ranked near Trinidad and Tobago
- 96 Solomon Islands 6.57 constant LCU per US$ of GDP compare
- 97 Honduras 6.03 constant LCU per US$ of GDP compare
- 98 Zambia 5.82 constant LCU per US$ of GDP compare
- 100 Bolivia, Plurinational State of 5.52 constant LCU per US$ of GDP compare
- 101 Turkmenistan 5.28 constant LCU per US$ of GDP compare
- 102 Denmark 5.14 constant LCU per US$ of GDP 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)
- Gross capital formation (current US$), annual growth rate -2.37 % change on previous year (2023)
- Gross capital formation (current US$), per unit of GDP 0.1899 current US$ per US$ of GDP (2023)
- Gross capital formation (current US$), per capita 3,476 current US$ per person (2023)
- Gross capital formation (current LCU), annual growth rate -2.42 % change on previous year (2023)
- Gross capital formation (current LCU), per unit of GDP 1.28 current LCU per US$ of GDP (2023)
- Gross capital formation (current LCU), per capita 23,464 current LCU per person (2023)
- Agriculture, forestry, and fishing, value added (current LCU), annual -4.75 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0525 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) (constant lcu), per unit of in Trinidad and Tobago?
- Gross value added at basic prices (gva) (constant lcu), per unit of in Trinidad and Tobago was 5.7 constant LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant lcu), per unit of recorded in Trinidad and Tobago?
- The highest recorded value was 14.78 constant LCU per US$ of GDP in 1989.
- What is the lowest gross value added at basic prices (gva) (constant lcu), per unit of recorded in Trinidad and Tobago?
- The lowest recorded value was 5.11 constant LCU per US$ of GDP in 2022.
- How does Trinidad and Tobago rank for gross value added at basic prices (gva) (constant lcu), per unit of?
- Trinidad and Tobago ranks 99th out of 196 countries with data for 2024.
- Is gross value added at basic prices (gva) (constant lcu), per unit of rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 7.0%. The long-run trend across the full record is falling.
- 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), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross value added at basic prices (GVA) (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross value added at basic prices (GVA) (constant LCU) ÷ GDP (current US$)
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Gross value added at basic prices (GVA) (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.