Industry (including construction), value added (constant LCU) in Trinidad and Tobago
Trinidad and Tobago: Industry (including construction), value added (constant LCU) was 60.66 billion constant LCU in 2024. ▲ Rising
Industry (including construction), value added in Trinidad and Tobago, 1984–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, industry (including construction), value added in Trinidad and Tobago stood at 60.66 billion constant LCU.
The figure is up 2.0% on the previous year and down 25.9% over ten years.
Over the whole period, industry (including construction), value added in Trinidad and Tobago peaked at 90.78 billion constant LCU in 2008 and was at its lowest, 27.24 billion constant LCU, in 1987.
That places Trinidad and Tobago 114th out of 200 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 41 years of available data.
Industry (including construction), value added (constant LCU) in Trinidad and Tobago, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1984 | 32.86 billion constant LCU | — |
| 1985 | 31.20 billion constant LCU | -5.1% |
| 1986 | 29.68 billion constant LCU | -4.9% |
| 1987 | 27.24 billion constant LCU | -8.2% |
| 1988 | 29.37 billion constant LCU | +7.8% |
| 1989 | 29.07 billion constant LCU | -1.0% |
| 1990 | 29.53 billion constant LCU | +1.6% |
| 1991 | 30.40 billion constant LCU | +2.9% |
| 1992 | 29.55 billion constant LCU | -2.8% |
| 1993 | 27.78 billion constant LCU | -6.0% |
| 1994 | 30.02 billion constant LCU | +8.1% |
| 1995 | 27.96 billion constant LCU | -6.9% |
| 1996 | 30.03 billion constant LCU | +7.4% |
| 1997 | 30.59 billion constant LCU | +1.9% |
| 1998 | 33.71 billion constant LCU | +10.2% |
| 1999 | 37.97 billion constant LCU | +12.6% |
| 2000 | 41.92 billion constant LCU | +10.4% |
| 2001 | 44.81 billion constant LCU | +6.9% |
| 2002 | 48.77 billion constant LCU | +8.8% |
| 2003 | 61.70 billion constant LCU | +26.5% |
| 2004 | 66.67 billion constant LCU | +8.0% |
| 2005 | 73.31 billion constant LCU | +10.0% |
| 2006 | 86.10 billion constant LCU | +17.4% |
| 2007 | 89.84 billion constant LCU | +4.4% |
| 2008 | 90.78 billion constant LCU | +1.0% |
| 2009 | 89.01 billion constant LCU | -2.0% |
| 2010 | 87.34 billion constant LCU | -1.9% |
| 2011 | 84.25 billion constant LCU | -3.5% |
| 2012 | 81.73 billion constant LCU | -3.0% |
| 2013 | 82.80 billion constant LCU | +1.3% |
| 2014 | 81.87 billion constant LCU | -1.1% |
| 2015 | 81.29 billion constant LCU | -0.7% |
| 2016 | 74.98 billion constant LCU | -7.8% |
| 2017 | 73.57 billion constant LCU | -1.9% |
| 2018 | 71.75 billion constant LCU | -2.5% |
| 2019 | 69.51 billion constant LCU | -3.1% |
| 2020 | 61.42 billion constant LCU | -11.6% |
| 2021 | 61.12 billion constant LCU | -0.5% |
| 2022 | 62.60 billion constant LCU | +2.4% |
| 2023 | 59.47 billion constant LCU | -5.0% |
| 2024 | 60.66 billion constant LCU | +2.0% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 60.66 billion constant LCU is above the median for high income countries, which is 57.24 billion constant LCU, 1.1× the median. (70 countries reporting)
- Trinidad and Tobago's 60.66 billion constant LCU is above the median for Latin America & Caribbean, which is 29.90 billion constant LCU, 2.0× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 29.90 billion constant LCU | 27.24 billion constant LCU | 32.86 billion constant LCU | 6 |
| 1990s | 30.75 billion constant LCU | 27.78 billion constant LCU | 37.97 billion constant LCU | 10 |
| 2000s | 69.29 billion constant LCU | 41.92 billion constant LCU | 90.78 billion constant LCU | 10 |
| 2010s | 78.91 billion constant LCU | 69.51 billion constant LCU | 87.34 billion constant LCU | 10 |
| 2020s | 61.05 billion constant LCU | 59.47 billion constant LCU | 62.60 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 industry (including construction), value added in Trinidad and Tobago?
- Industry (including construction), value added in Trinidad and Tobago was 60.66 billion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Trinidad and Tobago?
- The highest recorded value was 90.78 billion constant LCU in 2008.
- What is the lowest industry (including construction), value added recorded in Trinidad and Tobago?
- The lowest recorded value was 27.24 billion constant LCU in 1987.
- How does Trinidad and Tobago rank for industry (including construction), value added?
- Trinidad and Tobago ranks 114th out of 200 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 25.9%. 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 Industry (including construction), value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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.