Gross value added at basic prices (GVA) (current LCU), annual growth in Trinidad and Tobago
Trinidad and Tobago: Gross value added at basic prices (GVA) (current LCU), annual growth was 1.23 % change on previous year in 2024. ◆ Volatile
Latest (2024)
1.23 % change on previous year
Change on year
up 109.2%
World rank
191st
of 205 countries
All-time high
63.53 % change on previous year
in 1974
All-time low
-30.3 % change on previous year
in 2009
Years of data
58
1967–2024
Gross value added at basic prices (GVA) (current LCU), annual growth in Trinidad and Tobago, 1967–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Trinidad and Tobago recorded 1.23 % change on previous year for gross value added at basic prices (gva) (current lcu), annual growth in 2024.
Compared with earlier readings it is up 109.2% on the previous year and down 61.5% over ten years.
Over the whole period, gross value added at basic prices (gva) (current lcu), annual growth in Trinidad and Tobago peaked at 63.53 % change on previous year in 1974 and was at its lowest, -30.3 % change on previous year, in 2009.
That places Trinidad and Tobago 191st out of 205 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) (current LCU), annual growth in Trinidad and Tobago, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1967 | 6.57 % change on previous year | — |
| 1968 | 15.17 % change on previous year | +130.7% |
| 1969 | 3.3 % change on previous year | -78.3% |
| 1970 | 4.95 % change on previous year | +50.1% |
| 1971 | 8.12 % change on previous year | +63.8% |
| 1972 | 17.06 % change on previous year | +110.2% |
| 1973 | 23.51 % change on previous year | +37.8% |
| 1974 | 63.53 % change on previous year | +170.2% |
| 1975 | 27.53 % change on previous year | -56.7% |
| 1976 | 15.63 % change on previous year | -43.2% |
| 1977 | 23.87 % change on previous year | +52.7% |
| 1978 | 14.05 % change on previous year | -41.2% |
| 1979 | 30.23 % change on previous year | +115.2% |
| 1980 | 35.29 % change on previous year | +16.7% |
| 1981 | 11.37 % change on previous year | -67.8% |
| 1982 | 16.01 % change on previous year | +40.9% |
| 1983 | -4.61 % change on previous year | -128.8% |
| 1984 | 0.0748 % change on previous year | -101.6% |
| 1985 | -2.64 % change on previous year | -3634.6% |
| 1986 | -4.53 % change on previous year | +71.3% |
| 1987 | -0.375 % change on previous year | -91.7% |
| 1988 | -0.1219 % change on previous year | -67.5% |
| 1989 | 6.22 % change on previous year | -5202.6% |
| 1990 | 11.15 % change on previous year | +79.1% |
| 1991 | 4.7 % change on previous year | -57.8% |
| 1992 | 4.63 % change on previous year | -1.6% |
| 1993 | 6.01 % change on previous year | +30.0% |
| 1994 | 17.84 % change on previous year | +196.6% |
| 1995 | 7.57 % change on previous year | -57.6% |
| 1996 | 9.27 % change on previous year | +22.6% |
| 1997 | 4.57 % change on previous year | -50.7% |
| 1998 | 4.78 % change on previous year | +4.5% |
| 1999 | 14.2 % change on previous year | +197.3% |
| 2000 | 20.97 % change on previous year | +47.7% |
| 2001 | 6.57 % change on previous year | -68.7% |
| 2002 | 2.06 % change on previous year | -68.6% |
| 2003 | 27.14 % change on previous year | +1217.6% |
| 2004 | 17.11 % change on previous year | -36.9% |
| 2005 | 20.43 % change on previous year | +19.4% |
| 2006 | 14.64 % change on previous year | -28.3% |
| 2007 | 18.22 % change on previous year | +24.5% |
| 2008 | 27.99 % change on previous year | +53.6% |
| 2009 | -30.3 % change on previous year | -208.2% |
| 2010 | 16 % change on previous year | -152.8% |
| 2011 | 16.14 % change on previous year | +0.9% |
| 2012 | 2.56 % change on previous year | -84.1% |
| 2013 | 5.55 % change on previous year | +116.3% |
| 2014 | 3.21 % change on previous year | -42.2% |
| 2015 | -10.78 % change on previous year | -436.0% |
| 2016 | -7.49 % change on previous year | -30.5% |
| 2017 | 3.15 % change on previous year | -142.1% |
| 2018 | -0.446 % change on previous year | -114.2% |
| 2019 | -1.61 % change on previous year | +261.5% |
| 2020 | -12.29 % change on previous year | +662.1% |
| 2021 | 15.96 % change on previous year | -229.9% |
| 2022 | 20.27 % change on previous year | +27.1% |
| 2023 | -13.4 % change on previous year | -166.1% |
| 2024 | 1.23 % change on previous year | -109.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.35 % change on previous year | 3.3 % change on previous year | 15.17 % change on previous year | 3 |
| 1970s | 22.85 % change on previous year | 4.95 % change on previous year | 63.53 % change on previous year | 10 |
| 1980s | 5.67 % change on previous year | -4.61 % change on previous year | 35.29 % change on previous year | 10 |
| 1990s | 8.47 % change on previous year | 4.57 % change on previous year | 17.84 % change on previous year | 10 |
| 2000s | 12.49 % change on previous year | -30.3 % change on previous year | 27.99 % change on previous year | 10 |
| 2010s | 2.63 % change on previous year | -10.78 % change on previous year | 16.14 % change on previous year | 10 |
| 2020s | 2.36 % change on previous year | -13.4 % change on previous year | 20.27 % change on previous year | 5 |
Countries ranked near Trinidad and Tobago
- 188 Saint Lucia 1.54 % change on previous year compare
- 189 Switzerland 1.5 % change on previous year compare
- 190 Finland 1.41 % change on previous year compare
- 192 Isle of Man 1.12 % change on previous year compare
- 193 Mozambique 0.131 % change on previous year compare
- 194 Qatar -0.38 % 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)
- Services, value added (current US$), annual growth rate 0.429 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.5918 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 11,087 current US$ per person (2024)
- Services, value added (current LCU), annual growth rate 0.4266 % change on previous year (2024)
- Services, value added (current LCU), per unit of GDP 3.99 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), per capita 74,837 current LCU per person (2024)
- Services, value added (constant 2015 US$), annual growth rate 0.3688 % change on previous year (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.5468 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) (current lcu), annual growth in Trinidad and Tobago?
- Gross value added at basic prices (gva) (current lcu), annual growth in Trinidad and Tobago was 1.23 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current lcu), annual growth recorded in Trinidad and Tobago?
- The highest recorded value was 63.53 % change on previous year in 1974.
- What is the lowest gross value added at basic prices (gva) (current lcu), annual growth recorded in Trinidad and Tobago?
- The lowest recorded value was -30.3 % change on previous year in 2009.
- How does Trinidad and Tobago rank for gross value added at basic prices (gva) (current lcu), annual growth?
- Trinidad and Tobago ranks 191st out of 205 countries with data for 2024.
- Is gross value added at basic prices (gva) (current lcu), annual growth rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 61.5%. 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) (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 58 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current 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 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
The year-on-year percentage change in Gross value added at basic prices (GVA) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.