Gross value added at basic prices (GVA) (constant LCU) in Trinidad and Tobago
Trinidad and Tobago: Gross value added at basic prices (GVA) (constant LCU) was 146.18 billion constant LCU in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Trinidad and Tobago, 1984–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, gross value added at basic prices (gva) in Trinidad and Tobago stood at 146.18 billion constant LCU.
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 180.79 billion constant LCU in 2014 and was at its lowest, 60.88 billion constant LCU, in 1995.
Trinidad and Tobago ranks 124th of 198 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 LCU) in Trinidad and Tobago, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1984 | 74.76 billion constant LCU | — |
| 1985 | 72.09 billion constant LCU | -3.6% |
| 1986 | 69.89 billion constant LCU | -3.1% |
| 1987 | 66.87 billion constant LCU | -4.3% |
| 1988 | 64.83 billion constant LCU | -3.1% |
| 1989 | 63.90 billion constant LCU | -1.4% |
| 1990 | 64.87 billion constant LCU | +1.5% |
| 1991 | 66.66 billion constant LCU | +2.8% |
| 1992 | 65.60 billion constant LCU | -1.6% |
| 1993 | 64.83 billion constant LCU | -1.2% |
| 1994 | 67.03 billion constant LCU | +3.4% |
| 1995 | 60.88 billion constant LCU | -9.2% |
| 1996 | 65.27 billion constant LCU | +7.2% |
| 1997 | 70.69 billion constant LCU | +8.3% |
| 1998 | 75.87 billion constant LCU | +7.3% |
| 1999 | 82.38 billion constant LCU | +8.6% |
| 2000 | 89.53 billion constant LCU | +8.7% |
| 2001 | 93.27 billion constant LCU | +4.2% |
| 2002 | 100.61 billion constant LCU | +7.9% |
| 2003 | 115.16 billion constant LCU | +14.5% |
| 2004 | 127.53 billion constant LCU | +10.8% |
| 2005 | 135.43 billion constant LCU | +6.2% |
| 2006 | 152.07 billion constant LCU | +12.3% |
| 2007 | 159.34 billion constant LCU | +4.8% |
| 2008 | 165.08 billion constant LCU | +3.6% |
| 2009 | 153.65 billion constant LCU | -6.9% |
| 2010 | 159.16 billion constant LCU | +3.6% |
| 2011 | 160.26 billion constant LCU | +0.7% |
| 2012 | 168.01 billion constant LCU | +4.8% |
| 2013 | 173.52 billion constant LCU | +3.3% |
| 2014 | 180.79 billion constant LCU | +4.2% |
| 2015 | 177.72 billion constant LCU | -1.7% |
| 2016 | 165.85 billion constant LCU | -6.7% |
| 2017 | 158.51 billion constant LCU | -4.4% |
| 2018 | 156.19 billion constant LCU | -1.5% |
| 2019 | 157.54 billion constant LCU | +0.9% |
| 2020 | 142.59 billion constant LCU | -9.5% |
| 2021 | 140.28 billion constant LCU | -1.6% |
| 2022 | 144.95 billion constant LCU | +3.3% |
| 2023 | 144.71 billion constant LCU | -0.2% |
| 2024 | 146.18 billion constant LCU | +1.0% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 146.18 billion constant LCU is below the median for high income countries, which is 270.55 billion constant LCU, 54% of the median. (70 countries reporting)
- Trinidad and Tobago's 146.18 billion constant LCU is above the median for Latin America & Caribbean, which is 111.15 billion constant LCU, 1.3× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 68.72 billion constant LCU | 63.90 billion constant LCU | 74.76 billion constant LCU | 6 |
| 1990s | 68.41 billion constant LCU | 60.88 billion constant LCU | 82.38 billion constant LCU | 10 |
| 2000s | 129.17 billion constant LCU | 89.53 billion constant LCU | 165.08 billion constant LCU | 10 |
| 2010s | 165.76 billion constant LCU | 156.19 billion constant LCU | 180.79 billion constant LCU | 10 |
| 2020s | 143.74 billion constant LCU | 140.28 billion constant LCU | 146.18 billion constant LCU | 5 |
Countries ranked near Trinidad and Tobago
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 146.18 billion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Trinidad and Tobago?
- The highest recorded value was 180.79 billion constant LCU in 2014.
- What is the lowest gross value added at basic prices (gva) recorded in Trinidad and Tobago?
- The lowest recorded value was 60.88 billion constant LCU in 1995.
- How does Trinidad and Tobago rank for gross value added at basic prices (gva)?
- Trinidad and Tobago ranks 124th out of 198 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). 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 varies by country. This series is expressed in local currency units.