Services, value added (current LCU), annual growth rate in Trinidad and Tobago
Trinidad and Tobago: Services, value added (current LCU), annual growth rate was 0.4266 % change on previous year in 2024. ◆ Volatile
Services, value added (current LCU), annual growth rate in Trinidad and Tobago, 1967–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for services, value added (current lcu), annual growth rate in Trinidad and Tobago is 0.4266 % change on previous year, measured in 2024.
That represents a change of down 90.0% on the previous year and down 93.5% over ten years.
Over the whole period, services, value added (current lcu), annual growth rate in Trinidad and Tobago peaked at 38.07 % change on previous year in 1982 and was at its lowest, -8.48 % change on previous year, in 2009.
That places Trinidad and Tobago 199th out of 204 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current LCU), annual growth rate in Trinidad and Tobago, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1967 | 3.18 % change on previous year | — |
| 1968 | 10.3 % change on previous year | +224.1% |
| 1969 | 7.48 % change on previous year | -27.4% |
| 1970 | 7.28 % change on previous year | -2.7% |
| 1971 | 8.04 % change on previous year | +10.5% |
| 1972 | 14.98 % change on previous year | +86.3% |
| 1973 | 16.24 % change on previous year | +8.5% |
| 1974 | 27.66 % change on previous year | +70.3% |
| 1975 | 27.94 % change on previous year | +1.0% |
| 1976 | 16.19 % change on previous year | -42.0% |
| 1977 | 29.12 % change on previous year | +79.9% |
| 1978 | 21.47 % change on previous year | -26.3% |
| 1979 | 26.21 % change on previous year | +22.1% |
| 1980 | 30.63 % change on previous year | +16.8% |
| 1981 | 21.51 % change on previous year | -29.8% |
| 1982 | 38.07 % change on previous year | +77.0% |
| 1983 | -3.33 % change on previous year | -108.7% |
| 1984 | -1.98 % change on previous year | -40.4% |
| 1985 | -0.4426 % change on previous year | -77.7% |
| 1986 | 2.67 % change on previous year | -703.8% |
| 1987 | -4.51 % change on previous year | -268.8% |
| 1988 | -0.1646 % change on previous year | -96.4% |
| 1989 | 0.6484 % change on previous year | -493.9% |
| 1990 | 4.54 % change on previous year | +600.3% |
| 1991 | 10.7 % change on previous year | +135.7% |
| 1992 | 10.65 % change on previous year | -0.5% |
| 1993 | 6.91 % change on previous year | -35.2% |
| 1994 | 7.69 % change on previous year | +11.4% |
| 1995 | 10.37 % change on previous year | +34.9% |
| 1996 | 9.51 % change on previous year | -8.4% |
| 1997 | 10.04 % change on previous year | +5.6% |
| 1998 | 12.15 % change on previous year | +20.9% |
| 1999 | 11.36 % change on previous year | -6.5% |
| 2000 | 8.52 % change on previous year | -25.0% |
| 2001 | 11.07 % change on previous year | +29.9% |
| 2002 | 6.01 % change on previous year | -45.7% |
| 2003 | 9.12 % change on previous year | +51.6% |
| 2004 | 10.03 % change on previous year | +10.1% |
| 2005 | 7.05 % change on previous year | -29.7% |
| 2006 | 10.21 % change on previous year | +44.8% |
| 2007 | 22.63 % change on previous year | +121.6% |
| 2008 | 13.99 % change on previous year | -38.2% |
| 2009 | -8.48 % change on previous year | -160.6% |
| 2010 | 13.94 % change on previous year | -264.3% |
| 2011 | 8.99 % change on previous year | -35.5% |
| 2012 | 21.58 % change on previous year | +140.1% |
| 2013 | 9.46 % change on previous year | -56.2% |
| 2014 | 6.52 % change on previous year | -31.1% |
| 2015 | 0.8004 % change on previous year | -87.7% |
| 2016 | -4.85 % change on previous year | -705.7% |
| 2017 | 0.4277 % change on previous year | -108.8% |
| 2018 | -3.35 % change on previous year | -882.2% |
| 2019 | 3.37 % change on previous year | -200.7% |
| 2020 | -7.49 % change on previous year | -322.2% |
| 2021 | 1.56 % change on previous year | -120.8% |
| 2022 | 8.9 % change on previous year | +471.1% |
| 2023 | 4.25 % change on previous year | -52.3% |
| 2024 | 0.4266 % change on previous year | -90.0% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 0.4266 % change on previous year is below the median for high income countries, which is 5.74 % change on previous year, 7% of the median. (77 countries reporting)
- Trinidad and Tobago's 0.4266 % change on previous year is below the median for Latin America & Caribbean, which is 6.37 % change on previous year, 7% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Services, value added (current LCU), annual growth rate in Trinidad and Tobago changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2018 | -882.2% | 0.4277 % change on previous year | -3.35 % change on previous year |
| 2016 | -705.7% | 0.8004 % change on previous year | -4.85 % change on previous year |
| 1986 | +703.8% | -0.4426 % change on previous year | 2.67 % change on previous year |
| 1990 | +600.3% | 0.6484 % change on previous year | 4.54 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.98 % change on previous year | 3.18 % change on previous year | 10.3 % change on previous year | 3 |
| 1970s | 19.51 % change on previous year | 7.28 % change on previous year | 29.12 % change on previous year | 10 |
| 1980s | 8.31 % change on previous year | -4.51 % change on previous year | 38.07 % change on previous year | 10 |
| 1990s | 9.39 % change on previous year | 4.54 % change on previous year | 12.15 % change on previous year | 10 |
| 2000s | 9.02 % change on previous year | -8.48 % change on previous year | 22.63 % change on previous year | 10 |
| 2010s | 5.69 % change on previous year | -4.85 % change on previous year | 21.58 % change on previous year | 10 |
| 2020s | 1.53 % change on previous year | -7.49 % change on previous year | 8.9 % change on previous year | 5 |
Countries ranked near Trinidad and Tobago
- 196 Singapore 0.9428 % change on previous year compare
- 197 Mozambique 0.7095 % change on previous year compare
- 198 Saint Lucia 0.6043 % change on previous year compare
- 200 Brunei -0.9254 % change on previous year compare
- 201 Afghanistan -9.03 % change on previous year compare
- 202 French Polynesia -9.41 % change on previous year 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 (current lcu), annual growth rate in Trinidad and Tobago?
- Services, value added (current lcu), annual growth rate in Trinidad and Tobago was 0.4266 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (current lcu), annual growth rate recorded in Trinidad and Tobago?
- The highest recorded value was 38.07 % change on previous year in 1982.
- What is the lowest services, value added (current lcu), annual growth rate recorded in Trinidad and Tobago?
- The lowest recorded value was -8.48 % change on previous year in 2009.
- How does Trinidad and Tobago rank for services, value added (current lcu), annual growth rate?
- Trinidad and Tobago ranks 199th out of 204 countries with data for 2024.
- Is services, value added (current lcu), annual growth rate rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 93.5%. The long-run trend across the full record is volatile.
- Where does this Trinidad and Tobago data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 58 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
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
The year-on-year percentage change in Services, value added (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.