Gross value added at basic prices (GVA) (current US$) in Trinidad and Tobago
Trinidad and Tobago: Gross value added at basic prices (GVA) (current US$) was 24.25 billion current US$ in 2024. ◆ Volatile
Latest (2024)
24.25 billion current US$
Change on year
up 1.2%
World rank
120th
of 207 countries
All-time high
28.56 billion current US$
in 2014
All-time low
734.65 million current US$
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 Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross value added at basic prices (gva) in Trinidad and Tobago is 24.25 billion current US$, measured in 2024.
Compared with earlier readings it is up 1.2% on the previous year and down 15.1% over ten years.
Over the whole period, gross value added at basic prices (gva) in Trinidad and Tobago peaked at 28.56 billion current US$ in 2014 and was at its lowest, 734.65 million current US$, in 1966.
That places Trinidad and Tobago 120th out of 207 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current US$) in Trinidad and Tobago, year by year
| Year | current US$ | Change |
|---|---|---|
| 1966 | 734.65 million current US$ | — |
| 1967 | 772.22 million current US$ | +5.1% |
| 1968 | 772.90 million current US$ | +0.1% |
| 1969 | 798.40 million current US$ | +3.3% |
| 1970 | 837.95 million current US$ | +5.0% |
| 1971 | 917.48 million current US$ | +9.5% |
| 1972 | 1.10 billion current US$ | +20.3% |
| 1973 | 1.34 billion current US$ | +21.1% |
| 1974 | 2.09 billion current US$ | +56.0% |
| 1975 | 2.52 billion current US$ | +20.7% |
| 1976 | 2.59 billion current US$ | +3.0% |
| 1977 | 3.26 billion current US$ | +25.7% |
| 1978 | 3.72 billion current US$ | +14.0% |
| 1979 | 4.84 billion current US$ | +30.2% |
| 1980 | 6.55 billion current US$ | +35.3% |
| 1981 | 7.30 billion current US$ | +11.4% |
| 1982 | 8.46 billion current US$ | +16.0% |
| 1983 | 8.07 billion current US$ | -4.6% |
| 1984 | 8.08 billion current US$ | +0.1% |
| 1985 | 7.71 billion current US$ | -4.6% |
| 1986 | 5.01 billion current US$ | -35.0% |
| 1987 | 4.99 billion current US$ | -0.4% |
| 1988 | 4.67 billion current US$ | -6.5% |
| 1989 | 4.48 billion current US$ | -3.9% |
| 1990 | 4.98 billion current US$ | +11.1% |
| 1991 | 5.22 billion current US$ | +4.7% |
| 1992 | 5.46 billion current US$ | +4.6% |
| 1993 | 4.60 billion current US$ | -15.8% |
| 1994 | 4.89 billion current US$ | +6.4% |
| 1995 | 5.24 billion current US$ | +7.2% |
| 1996 | 5.67 billion current US$ | +8.2% |
| 1997 | 5.70 billion current US$ | +0.4% |
| 1998 | 5.93 billion current US$ | +4.0% |
| 1999 | 6.77 billion current US$ | +14.2% |
| 2000 | 8.18 billion current US$ | +21.0% |
| 2001 | 8.81 billion current US$ | +7.7% |
| 2002 | 8.97 billion current US$ | +1.8% |
| 2003 | 11.33 billion current US$ | +26.2% |
| 2004 | 13.26 billion current US$ | +17.0% |
| 2005 | 15.96 billion current US$ | +20.4% |
| 2006 | 18.26 billion current US$ | +14.4% |
| 2007 | 21.54 billion current US$ | +17.9% |
| 2008 | 27.74 billion current US$ | +28.8% |
| 2009 | 19.22 billion current US$ | -30.7% |
| 2010 | 22.12 billion current US$ | +15.1% |
| 2011 | 25.56 billion current US$ | +15.5% |
| 2012 | 26.13 billion current US$ | +2.2% |
| 2013 | 27.53 billion current US$ | +5.3% |
| 2014 | 28.56 billion current US$ | +3.7% |
| 2015 | 25.61 billion current US$ | -10.3% |
| 2016 | 22.65 billion current US$ | -11.5% |
| 2017 | 22.98 billion current US$ | +1.5% |
| 2018 | 22.91 billion current US$ | -0.3% |
| 2019 | 22.60 billion current US$ | -1.4% |
| 2020 | 19.83 billion current US$ | -12.2% |
| 2021 | 22.97 billion current US$ | +15.8% |
| 2022 | 27.64 billion current US$ | +20.4% |
| 2023 | 23.95 billion current US$ | -13.3% |
| 2024 | 24.25 billion current US$ | +1.2% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 24.25 billion current US$ is below the median for high income countries, which is 110.20 billion current US$, 22% of the median. (77 countries reporting)
- Trinidad and Tobago's 24.25 billion current US$ is below the median for Latin America & Caribbean, which is 26.28 billion current US$, 92% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 769.54 million current US$ | 734.65 million current US$ | 798.40 million current US$ | 4 |
| 1970s | 2.32 billion current US$ | 837.95 million current US$ | 4.84 billion current US$ | 10 |
| 1980s | 6.53 billion current US$ | 4.48 billion current US$ | 8.46 billion current US$ | 10 |
| 1990s | 5.44 billion current US$ | 4.60 billion current US$ | 6.77 billion current US$ | 10 |
| 2000s | 15.33 billion current US$ | 8.18 billion current US$ | 27.74 billion current US$ | 10 |
| 2010s | 24.66 billion current US$ | 22.12 billion current US$ | 28.56 billion current US$ | 10 |
| 2020s | 23.73 billion current US$ | 19.83 billion current US$ | 27.64 billion current US$ | 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 24.25 billion current US$ 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 28.56 billion current US$ in 2014.
- What is the lowest gross value added at basic prices (gva) recorded in Trinidad and Tobago?
- The lowest recorded value was 734.65 million current US$ in 1966.
- How does Trinidad and Tobago rank for gross value added at basic prices (gva)?
- Trinidad and Tobago ranks 120th 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 15.1%. 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.