Services, value added (constant 2015 US$) in Trinidad and Tobago
Trinidad and Tobago: Services, value added (constant 2015 US$) was 14.02 billion constant 2015 US$ in 2024. ▲ Rising
Services, value added in Trinidad and Tobago, 1984–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
Trinidad and Tobago recorded 14.02 billion constant 2015 US$ for services, value added in 2024.
The figure is up 0.4% on the previous year and down 13.3% over ten years.
Over the whole period, services, value added in Trinidad and Tobago peaked at 16.17 billion constant 2015 US$ in 2014 and was at its lowest, 5.17 billion constant 2015 US$, in 1995.
That places Trinidad and Tobago 110th out of 196 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 41 years of available data.
Services, value added (constant 2015 US$) in Trinidad and Tobago, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1984 | 6.76 billion constant 2015 US$ | — |
| 1985 | 6.57 billion constant 2015 US$ | -2.7% |
| 1986 | 6.46 billion constant 2015 US$ | -1.7% |
| 1987 | 6.36 billion constant 2015 US$ | -1.5% |
| 1988 | 5.66 billion constant 2015 US$ | -11.0% |
| 1989 | 5.54 billion constant 2015 US$ | -2.1% |
| 1990 | 5.59 billion constant 2015 US$ | +0.8% |
| 1991 | 5.76 billion constant 2015 US$ | +3.1% |
| 1992 | 5.73 billion constant 2015 US$ | -0.6% |
| 1993 | 5.87 billion constant 2015 US$ | +2.5% |
| 1994 | 5.85 billion constant 2015 US$ | -0.4% |
| 1995 | 5.17 billion constant 2015 US$ | -11.6% |
| 1996 | 5.53 billion constant 2015 US$ | +7.0% |
| 1997 | 6.30 billion constant 2015 US$ | +13.8% |
| 1998 | 6.66 billion constant 2015 US$ | +5.8% |
| 1999 | 7.03 billion constant 2015 US$ | +5.5% |
| 2000 | 7.56 billion constant 2015 US$ | +7.6% |
| 2001 | 7.68 billion constant 2015 US$ | +1.5% |
| 2002 | 8.21 billion constant 2015 US$ | +6.9% |
| 2003 | 8.53 billion constant 2015 US$ | +3.9% |
| 2004 | 9.86 billion constant 2015 US$ | +15.6% |
| 2005 | 10.07 billion constant 2015 US$ | +2.2% |
| 2006 | 10.73 billion constant 2015 US$ | +6.5% |
| 2007 | 11.28 billion constant 2015 US$ | +5.1% |
| 2008 | 12.05 billion constant 2015 US$ | +6.9% |
| 2009 | 10.53 billion constant 2015 US$ | -12.6% |
| 2010 | 11.67 billion constant 2015 US$ | +10.8% |
| 2011 | 12.36 billion constant 2015 US$ | +5.9% |
| 2012 | 14.08 billion constant 2015 US$ | +13.9% |
| 2013 | 14.82 billion constant 2015 US$ | +5.3% |
| 2014 | 16.17 billion constant 2015 US$ | +9.1% |
| 2015 | 15.70 billion constant 2015 US$ | -2.9% |
| 2016 | 14.80 billion constant 2015 US$ | -5.7% |
| 2017 | 13.80 billion constant 2015 US$ | -6.7% |
| 2018 | 13.74 billion constant 2015 US$ | -0.4% |
| 2019 | 14.41 billion constant 2015 US$ | +4.9% |
| 2020 | 13.24 billion constant 2015 US$ | -8.1% |
| 2021 | 12.93 billion constant 2015 US$ | -2.3% |
| 2022 | 13.48 billion constant 2015 US$ | +4.2% |
| 2023 | 13.96 billion constant 2015 US$ | +3.6% |
| 2024 | 14.02 billion constant 2015 US$ | +0.4% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 14.02 billion constant 2015 US$ is below the median for high income countries, which is 67.86 billion constant 2015 US$, 21% of the median. (69 countries reporting)
- Trinidad and Tobago's 14.02 billion constant 2015 US$ is above the median for Latin America & Caribbean, which is 12.34 billion constant 2015 US$, 1.1× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.22 billion constant 2015 US$ | 5.54 billion constant 2015 US$ | 6.76 billion constant 2015 US$ | 6 |
| 1990s | 5.95 billion constant 2015 US$ | 5.17 billion constant 2015 US$ | 7.03 billion constant 2015 US$ | 10 |
| 2000s | 9.65 billion constant 2015 US$ | 7.56 billion constant 2015 US$ | 12.05 billion constant 2015 US$ | 10 |
| 2010s | 14.15 billion constant 2015 US$ | 11.67 billion constant 2015 US$ | 16.17 billion constant 2015 US$ | 10 |
| 2020s | 13.53 billion constant 2015 US$ | 12.93 billion constant 2015 US$ | 14.02 billion constant 2015 US$ | 5 |
Countries ranked near Trinidad and Tobago
- 107 Iceland 15.35 billion constant 2015 US$ compare
- 108 Cambodia 14.44 billion constant 2015 US$ compare
- 109 Senegal 14.38 billion constant 2015 US$ compare
- 111 Zimbabwe 12.96 billion constant 2015 US$ compare
- 112 Papua New Guinea 12.86 billion constant 2015 US$ compare
- 113 Bosnia and Herzegovina 12.58 billion constant 2015 US$ 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)
- 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 services, value added in Trinidad and Tobago?
- Services, value added in Trinidad and Tobago was 14.02 billion constant 2015 US$ 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 16.17 billion constant 2015 US$ in 2014.
- What is the lowest services, value added recorded in Trinidad and Tobago?
- The lowest recorded value was 5.17 billion constant 2015 US$ in 1995.
- How does Trinidad and Tobago rank for services, value added?
- Trinidad and Tobago ranks 110th 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 13.3%. 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 Services, value added (constant 2015 US$). 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 defense, 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.