Services, value added in Trinidad and Tobago
Trinidad and Tobago: Services, value added was 0.4% in 2024. ◆ Volatile
Services, value added in Trinidad and Tobago, 1985–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
Trinidad and Tobago recorded 0.4% for services, value added in 2024.
The figure is down 89.7% on the previous year and down 96.0% over ten years.
Over the whole period, services, value added in Trinidad and Tobago peaked at 15.6% in 2004 and was at its lowest, -12.6%, in 2009.
Trinidad and Tobago ranks 175th of 196 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in Trinidad and Tobago, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1985 | -2.7% | — |
| 1986 | -1.7% | -36.7% |
| 1987 | -1.5% | -14.7% |
| 1988 | -11.0% | +644.0% |
| 1989 | -2.1% | -81.4% |
| 1990 | 0.8% | -139.2% |
| 1991 | 3.1% | +281.9% |
| 1992 | -0.6% | -118.7% |
| 1993 | 2.5% | -539.9% |
| 1994 | -0.4% | -117.1% |
| 1995 | -11.6% | +2579.8% |
| 1996 | 7.0% | -160.8% |
| 1997 | 13.8% | +96.0% |
| 1998 | 5.8% | -58.1% |
| 1999 | 5.5% | -5.0% |
| 2000 | 7.6% | +38.3% |
| 2001 | 1.5% | -79.9% |
| 2002 | 6.9% | +350.6% |
| 2003 | 3.9% | -43.5% |
| 2004 | 15.6% | +300.0% |
| 2005 | 2.2% | -85.8% |
| 2006 | 6.5% | +193.8% |
| 2007 | 5.1% | -21.8% |
| 2008 | 6.9% | +35.7% |
| 2009 | -12.6% | -283.2% |
| 2010 | 10.8% | -185.5% |
| 2011 | 5.9% | -45.0% |
| 2012 | 13.9% | +134.1% |
| 2013 | 5.3% | -62.1% |
| 2014 | 9.1% | +73.6% |
| 2015 | -2.9% | -131.7% |
| 2016 | -5.7% | +98.3% |
| 2017 | -6.7% | +17.2% |
| 2018 | -0.4% | -93.4% |
| 2019 | 4.9% | -1197.0% |
| 2020 | -8.1% | -266.4% |
| 2021 | -2.3% | -71.8% |
| 2022 | 4.2% | -283.5% |
| 2023 | 3.6% | -14.8% |
| 2024 | 0.4% | -89.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -3.8% | -11.0% | -1.5% | 5 |
| 1990s | 2.6% | -11.6% | 13.8% | 10 |
| 2000s | 4.4% | -12.6% | 15.6% | 10 |
| 2010s | 3.4% | -6.7% | 13.9% | 10 |
| 2020s | -0.5% | -8.1% | 4.2% | 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)
- Industry (including construction), value added (constant 2015 US$) 2 % change on previous year (2024)
- Industry (including construction), value added (constant 2015 US$) 0.2811 constant 2015 US$ per US$ of GDP (2024)
- Industry (including construction), value added (constant 2015 US$) 5,267 constant 2015 US$ per person (2024)
- Industry (including construction), value added (constant LCU), annual 2 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), per 2.37 constant LCU per US$ of GDP (2024)
- Industry (including construction), value added (constant LCU), per 44,334 constant LCU per person (2024)
- 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)
Frequently asked questions
- What is services, value added in Trinidad and Tobago?
- Services, value added in Trinidad and Tobago was 0.4% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Trinidad and Tobago?
- The highest recorded value was 15.6% in 2004.
- What is the lowest services, value added recorded in Trinidad and Tobago?
- The lowest recorded value was -12.6% in 2009.
- How does Trinidad and Tobago rank for services, value added?
- Trinidad and Tobago ranks 175th out of 196 countries with data for 2024.
- Is services, value added rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 96.0%. 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 Services, value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.