Services, value added (current LCU) in Trinidad and Tobago
Trinidad and Tobago: Services, value added (current LCU) was 102.40 billion current LCU in 2024. ◆ Volatile
Services, value added in Trinidad and Tobago, 1966–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for services, value added in Trinidad and Tobago is 102.40 billion current LCU, measured in 2024. That is the highest value across all 59 years on record.
Compared with earlier readings it is up 0.4% on the previous year and up 3.1% over ten years.
Over the whole period, services, value added in Trinidad and Tobago peaked at 102.40 billion current LCU in 2024 and was at its lowest, 686.30 million current LCU, in 1966.
Trinidad and Tobago ranks 133rd of 206 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current LCU) in Trinidad and Tobago, year by year
| Year | current LCU | Change |
|---|---|---|
| 1966 | 686.30 million current LCU | — |
| 1967 | 708.10 million current LCU | +3.2% |
| 1968 | 781.00 million current LCU | +10.3% |
| 1969 | 839.40 million current LCU | +7.5% |
| 1970 | 900.50 million current LCU | +7.3% |
| 1971 | 972.90 million current LCU | +8.0% |
| 1972 | 1.12 billion current LCU | +15.0% |
| 1973 | 1.30 billion current LCU | +16.2% |
| 1974 | 1.66 billion current LCU | +27.7% |
| 1975 | 2.12 billion current LCU | +27.9% |
| 1976 | 2.47 billion current LCU | +16.2% |
| 1977 | 3.19 billion current LCU | +29.1% |
| 1978 | 3.87 billion current LCU | +21.5% |
| 1979 | 4.89 billion current LCU | +26.2% |
| 1980 | 6.38 billion current LCU | +30.6% |
| 1981 | 7.75 billion current LCU | +21.5% |
| 1982 | 10.71 billion current LCU | +38.1% |
| 1983 | 10.35 billion current LCU | -3.3% |
| 1984 | 10.14 billion current LCU | -2.0% |
| 1985 | 10.10 billion current LCU | -0.4% |
| 1986 | 10.37 billion current LCU | +2.7% |
| 1987 | 9.90 billion current LCU | -4.5% |
| 1988 | 9.89 billion current LCU | -0.2% |
| 1989 | 9.95 billion current LCU | +0.6% |
| 1990 | 10.40 billion current LCU | +4.5% |
| 1991 | 11.51 billion current LCU | +10.7% |
| 1992 | 12.74 billion current LCU | +10.7% |
| 1993 | 13.62 billion current LCU | +6.9% |
| 1994 | 14.67 billion current LCU | +7.7% |
| 1995 | 16.19 billion current LCU | +10.4% |
| 1996 | 17.73 billion current LCU | +9.5% |
| 1997 | 19.51 billion current LCU | +10.0% |
| 1998 | 21.88 billion current LCU | +12.1% |
| 1999 | 24.37 billion current LCU | +11.4% |
| 2000 | 26.44 billion current LCU | +8.5% |
| 2001 | 29.37 billion current LCU | +11.1% |
| 2002 | 31.14 billion current LCU | +6.0% |
| 2003 | 33.97 billion current LCU | +9.1% |
| 2004 | 37.38 billion current LCU | +10.0% |
| 2005 | 40.02 billion current LCU | +7.1% |
| 2006 | 44.11 billion current LCU | +10.2% |
| 2007 | 54.09 billion current LCU | +22.6% |
| 2008 | 61.66 billion current LCU | +14.0% |
| 2009 | 56.43 billion current LCU | -8.5% |
| 2010 | 64.29 billion current LCU | +13.9% |
| 2011 | 70.07 billion current LCU | +9.0% |
| 2012 | 85.20 billion current LCU | +21.6% |
| 2013 | 93.26 billion current LCU | +9.5% |
| 2014 | 99.34 billion current LCU | +6.5% |
| 2015 | 100.14 billion current LCU | +0.8% |
| 2016 | 95.28 billion current LCU | -4.8% |
| 2017 | 95.69 billion current LCU | +0.4% |
| 2018 | 92.49 billion current LCU | -3.3% |
| 2019 | 95.60 billion current LCU | +3.4% |
| 2020 | 88.45 billion current LCU | -7.5% |
| 2021 | 89.82 billion current LCU | +1.6% |
| 2022 | 97.81 billion current LCU | +8.9% |
| 2023 | 101.97 billion current LCU | +4.2% |
| 2024 | 102.40 billion current LCU | +0.4% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 102.40 billion current LCU is below the median for high income countries, which is 204.15 billion current LCU, 50% of the median. (77 countries reporting)
- Trinidad and Tobago's 102.40 billion current LCU is above the median for Latin America & Caribbean, which is 74.52 billion current LCU, 1.4× the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 753.70 million current LCU | 686.30 million current LCU | 839.40 million current LCU | 4 |
| 1970s | 2.25 billion current LCU | 900.50 million current LCU | 4.89 billion current LCU | 10 |
| 1980s | 9.55 billion current LCU | 6.38 billion current LCU | 10.71 billion current LCU | 10 |
| 1990s | 16.26 billion current LCU | 10.40 billion current LCU | 24.37 billion current LCU | 10 |
| 2000s | 41.46 billion current LCU | 26.44 billion current LCU | 61.66 billion current LCU | 10 |
| 2010s | 89.13 billion current LCU | 64.29 billion current LCU | 100.14 billion current LCU | 10 |
| 2020s | 96.09 billion current LCU | 88.45 billion current LCU | 102.40 billion current 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 services, value added in Trinidad and Tobago?
- Services, value added in Trinidad and Tobago was 102.40 billion current LCU 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 102.40 billion current LCU in 2024.
- What is the lowest services, value added recorded in Trinidad and Tobago?
- The lowest recorded value was 686.30 million current LCU in 1966.
- How does Trinidad and Tobago rank for services, value added?
- Trinidad and Tobago ranks 133rd out of 206 countries with data for 2024.
- Is services, value added rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 3.1%. 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 (current LCU). 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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.