Services, value added (constant LCU), per unit of GDP in Trinidad and Tobago
Trinidad and Tobago: Services, value added (constant LCU), per unit of GDP was 3.31 constant LCU per US$ of GDP in 2024. ▼ Falling
Services, value added (constant LCU), per unit of GDP in Trinidad and Tobago, 1984–2024
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
Trinidad and Tobago recorded 3.31 constant LCU per US$ of GDP for services, value added (constant lcu), per unit of gdp in 2024.
That represents a change of down 2.0% on the previous year and down 0.3% over ten years.
Over the whole period, services, value added (constant lcu), per unit of gdp in Trinidad and Tobago peaked at 8.15 constant LCU per US$ of GDP in 1986 and was at its lowest, 2.62 constant LCU per US$ of GDP, in 2008.
That places Trinidad and Tobago 101st out of 197 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 41 years of available data.
Services, value added (constant LCU), per unit of GDP in Trinidad and Tobago, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1984 | 5.27 constant LCU per US$ of GDP | — |
| 1985 | 5.39 constant LCU per US$ of GDP | +2.3% |
| 1986 | 8.15 constant LCU per US$ of GDP | +51.2% |
| 1987 | 8.02 constant LCU per US$ of GDP | -1.6% |
| 1988 | 7.62 constant LCU per US$ of GDP | -5.1% |
| 1989 | 7.76 constant LCU per US$ of GDP | +1.9% |
| 1990 | 6.67 constant LCU per US$ of GDP | -14.0% |
| 1991 | 6.57 constant LCU per US$ of GDP | -1.6% |
| 1992 | 6.37 constant LCU per US$ of GDP | -3.0% |
| 1993 | 7.61 constant LCU per US$ of GDP | +19.4% |
| 1994 | 7.15 constant LCU per US$ of GDP | -6.0% |
| 1995 | 5.87 constant LCU per US$ of GDP | -17.9% |
| 1996 | 5.81 constant LCU per US$ of GDP | -1.0% |
| 1997 | 6.64 constant LCU per US$ of GDP | +14.2% |
| 1998 | 6.67 constant LCU per US$ of GDP | +0.4% |
| 1999 | 6.25 constant LCU per US$ of GDP | -6.4% |
| 2000 | 5.61 constant LCU per US$ of GDP | -10.1% |
| 2001 | 5.27 constant LCU per US$ of GDP | -6.2% |
| 2002 | 5.51 constant LCU per US$ of GDP | +4.7% |
| 2003 | 4.56 constant LCU per US$ of GDP | -17.2% |
| 2004 | 4.49 constant LCU per US$ of GDP | -1.6% |
| 2005 | 3.82 constant LCU per US$ of GDP | -15.1% |
| 2006 | 3.54 constant LCU per US$ of GDP | -7.3% |
| 2007 | 3.15 constant LCU per US$ of GDP | -10.8% |
| 2008 | 2.62 constant LCU per US$ of GDP | -17.0% |
| 2009 | 3.32 constant LCU per US$ of GDP | +27.0% |
| 2010 | 3.19 constant LCU per US$ of GDP | -4.1% |
| 2011 | 2.94 constant LCU per US$ of GDP | -7.7% |
| 2012 | 3.14 constant LCU per US$ of GDP | +6.7% |
| 2013 | 3.14 constant LCU per US$ of GDP | +0.1% |
| 2014 | 3.32 constant LCU per US$ of GDP | +5.8% |
| 2015 | 3.54 constant LCU per US$ of GDP | +6.6% |
| 2016 | 3.79 constant LCU per US$ of GDP | +7.1% |
| 2017 | 3.51 constant LCU per US$ of GDP | -7.5% |
| 2018 | 3.48 constant LCU per US$ of GDP | -0.7% |
| 2019 | 3.72 constant LCU per US$ of GDP | +6.7% |
| 2020 | 3.84 constant LCU per US$ of GDP | +3.2% |
| 2021 | 3.23 constant LCU per US$ of GDP | -15.7% |
| 2022 | 2.88 constant LCU per US$ of GDP | -10.9% |
| 2023 | 3.38 constant LCU per US$ of GDP | +17.3% |
| 2024 | 3.31 constant LCU per US$ of GDP | -2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 7.04 constant LCU per US$ of GDP | 5.27 constant LCU per US$ of GDP | 8.15 constant LCU per US$ of GDP | 6 |
| 1990s | 6.56 constant LCU per US$ of GDP | 5.81 constant LCU per US$ of GDP | 7.61 constant LCU per US$ of GDP | 10 |
| 2000s | 4.19 constant LCU per US$ of GDP | 2.62 constant LCU per US$ of GDP | 5.61 constant LCU per US$ of GDP | 10 |
| 2010s | 3.38 constant LCU per US$ of GDP | 2.94 constant LCU per US$ of GDP | 3.79 constant LCU per US$ of GDP | 10 |
| 2020s | 3.33 constant LCU per US$ of GDP | 2.88 constant LCU per US$ of GDP | 3.84 constant LCU per US$ of GDP | 5 |
Countries ranked near Trinidad and Tobago
- 98 Solomon Islands 3.72 constant LCU per US$ of GDP compare
- 99 Zambia 3.72 constant LCU per US$ of GDP compare
- 100 Denmark 3.59 constant LCU per US$ of GDP compare
- 102 Bolivia, Plurinational State of 3.29 constant LCU per US$ of GDP compare
- 103 Guatemala 3.23 constant LCU per US$ of GDP compare
- 104 Greenland 3.09 constant LCU per US$ of GDP 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)
- Gross capital formation (current US$), annual growth rate -2.37 % change on previous year (2023)
- Gross capital formation (current US$), per unit of GDP 0.1899 current US$ per US$ of GDP (2023)
- Gross capital formation (current US$), per capita 3,476 current US$ per person (2023)
- Gross capital formation (current LCU), annual growth rate -2.42 % change on previous year (2023)
- Gross capital formation (current LCU), per unit of GDP 1.28 current LCU per US$ of GDP (2023)
- Gross capital formation (current LCU), per capita 23,464 current LCU per person (2023)
- Agriculture, forestry, and fishing, value added (current LCU), annual -4.75 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0525 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is services, value added (constant lcu), per unit of gdp in Trinidad and Tobago?
- Services, value added (constant lcu), per unit of gdp in Trinidad and Tobago was 3.31 constant LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest services, value added (constant lcu), per unit of gdp recorded in Trinidad and Tobago?
- The highest recorded value was 8.15 constant LCU per US$ of GDP in 1986.
- What is the lowest services, value added (constant lcu), per unit of gdp recorded in Trinidad and Tobago?
- The lowest recorded value was 2.62 constant LCU per US$ of GDP in 2008.
- How does Trinidad and Tobago rank for services, value added (constant lcu), per unit of gdp?
- Trinidad and Tobago ranks 101st out of 197 countries with data for 2024.
- Is services, value added (constant lcu), per unit of gdp rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 0.3%. The long-run trend across the full record is falling.
- Where does this Trinidad and Tobago data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Services, value added (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Services, value added (constant LCU) ÷ GDP (current US$)
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Services, value added (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.