Gross value added at basic prices (GVA) in Trinidad and Tobago
Trinidad and Tobago: Gross value added at basic prices (GVA) was 163.69 billion current LCU in 2024. ◆ Volatile
Latest (2024)
163.69 billion current LCU
Change on year
up 1.2%
World rank
135th
of 207 countries
All-time high
186.71 billion current LCU
in 2022
All-time low
1.26 billion current LCU
in 1966
Years of data
59
1966–2024
Gross value added at basic prices (GVA) in Trinidad and Tobago, 1966–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for gross value added at basic prices (gva) in Trinidad and Tobago is 163.69 billion current LCU, measured in 2024.
Compared with earlier readings it is up 1.2% on the previous year and down 10.6% over ten years.
Over the whole period, gross value added at basic prices (gva) in Trinidad and Tobago peaked at 186.71 billion current LCU in 2022 and was at its lowest, 1.26 billion current LCU, in 1966.
Trinidad and Tobago ranks 135th of 207 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Trinidad and Tobago, year by year
| Year | current LCU | Change |
|---|---|---|
| 1966 | 1.26 billion current LCU | — |
| 1967 | 1.34 billion current LCU | +6.6% |
| 1968 | 1.55 billion current LCU | +15.2% |
| 1969 | 1.60 billion current LCU | +3.3% |
| 1970 | 1.68 billion current LCU | +5.0% |
| 1971 | 1.81 billion current LCU | +8.1% |
| 1972 | 2.12 billion current LCU | +17.1% |
| 1973 | 2.62 billion current LCU | +23.5% |
| 1974 | 4.28 billion current LCU | +63.5% |
| 1975 | 5.46 billion current LCU | +27.5% |
| 1976 | 6.32 billion current LCU | +15.6% |
| 1977 | 7.83 billion current LCU | +23.9% |
| 1978 | 8.92 billion current LCU | +14.0% |
| 1979 | 11.62 billion current LCU | +30.2% |
| 1980 | 15.72 billion current LCU | +35.3% |
| 1981 | 17.51 billion current LCU | +11.4% |
| 1982 | 20.32 billion current LCU | +16.0% |
| 1983 | 19.38 billion current LCU | -4.6% |
| 1984 | 19.39 billion current LCU | +0.1% |
| 1985 | 18.88 billion current LCU | -2.6% |
| 1986 | 18.03 billion current LCU | -4.5% |
| 1987 | 17.96 billion current LCU | -0.4% |
| 1988 | 17.94 billion current LCU | -0.1% |
| 1989 | 19.05 billion current LCU | +6.2% |
| 1990 | 21.18 billion current LCU | +11.1% |
| 1991 | 22.17 billion current LCU | +4.7% |
| 1992 | 23.20 billion current LCU | +4.6% |
| 1993 | 24.59 billion current LCU | +6.0% |
| 1994 | 28.98 billion current LCU | +17.8% |
| 1995 | 31.17 billion current LCU | +7.6% |
| 1996 | 34.06 billion current LCU | +9.3% |
| 1997 | 35.62 billion current LCU | +4.6% |
| 1998 | 37.32 billion current LCU | +4.8% |
| 1999 | 42.62 billion current LCU | +14.2% |
| 2000 | 51.56 billion current LCU | +21.0% |
| 2001 | 54.94 billion current LCU | +6.6% |
| 2002 | 56.08 billion current LCU | +2.1% |
| 2003 | 71.30 billion current LCU | +27.1% |
| 2004 | 83.50 billion current LCU | +17.1% |
| 2005 | 100.56 billion current LCU | +20.4% |
| 2006 | 115.29 billion current LCU | +14.6% |
| 2007 | 136.29 billion current LCU | +18.2% |
| 2008 | 174.44 billion current LCU | +28.0% |
| 2009 | 121.59 billion current LCU | -30.3% |
| 2010 | 141.05 billion current LCU | +16.0% |
| 2011 | 163.81 billion current LCU | +16.1% |
| 2012 | 168.01 billion current LCU | +2.6% |
| 2013 | 177.34 billion current LCU | +5.5% |
| 2014 | 183.02 billion current LCU | +3.2% |
| 2015 | 163.30 billion current LCU | -10.8% |
| 2016 | 151.06 billion current LCU | -7.5% |
| 2017 | 155.82 billion current LCU | +3.2% |
| 2018 | 155.13 billion current LCU | -0.4% |
| 2019 | 152.63 billion current LCU | -1.6% |
| 2020 | 133.88 billion current LCU | -12.3% |
| 2021 | 155.24 billion current LCU | +16.0% |
| 2022 | 186.71 billion current LCU | +20.3% |
| 2023 | 161.70 billion current LCU | -13.4% |
| 2024 | 163.69 billion current LCU | +1.2% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 163.69 billion current LCU is below the median for high income countries, which is 266.17 billion current LCU, 61% of the median. (77 countries reporting)
- Trinidad and Tobago's 163.69 billion current LCU is above the median for Latin America & Caribbean, which is 135.81 billion current LCU, 1.2× the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.44 billion current LCU | 1.26 billion current LCU | 1.60 billion current LCU | 4 |
| 1970s | 5.27 billion current LCU | 1.68 billion current LCU | 11.62 billion current LCU | 10 |
| 1980s | 18.42 billion current LCU | 15.72 billion current LCU | 20.32 billion current LCU | 10 |
| 1990s | 30.09 billion current LCU | 21.18 billion current LCU | 42.62 billion current LCU | 10 |
| 2000s | 96.56 billion current LCU | 51.56 billion current LCU | 174.44 billion current LCU | 10 |
| 2010s | 161.12 billion current LCU | 141.05 billion current LCU | 183.02 billion current LCU | 10 |
| 2020s | 160.24 billion current LCU | 133.88 billion current LCU | 186.71 billion current 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -390.11 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.015 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -285.22 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -794.39 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -75.3 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0306 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -580.8 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -10.46 % change on previous year (2024)
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 163.69 billion current LCU 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 186.71 billion current LCU in 2022.
- What is the lowest gross value added at basic prices (gva) recorded in Trinidad and Tobago?
- The lowest recorded value was 1.26 billion current LCU in 1966.
- How does Trinidad and Tobago rank for gross value added at basic prices (gva)?
- Trinidad and Tobago ranks 135th out of 207 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 10.6%. The long-run trend across the full record is volatile.
- 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) (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 59 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.