Services, value added in Trinidad and Tobago
Trinidad and Tobago: Services, value added was 15.17 billion current US$ in 2024. ◆ Volatile
Services, value added in Trinidad and Tobago, 1966–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Trinidad and Tobago recorded 15.17 billion current US$ for services, value added in 2024.
The figure is up 0.4% on the previous year and down 2.1% over ten years.
Over the whole period, services, value added in Trinidad and Tobago peaked at 15.70 billion current US$ in 2015 and was at its lowest, 390.50 million current US$, in 1968.
That places Trinidad and Tobago 115th out of 203 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 404.49 million current US$ | 390.50 million current US$ | 419.70 million current US$ | 4 |
| 1970s | 996.51 million current US$ | 450.25 million current US$ | 2.04 billion current US$ | 10 |
| 1980s | 3.36 billion current US$ | 2.34 billion current US$ | 4.46 billion current US$ | 10 |
| 1990s | 2.93 billion current US$ | 2.45 billion current US$ | 3.87 billion current US$ | 10 |
| 2000s | 6.58 billion current US$ | 4.20 billion current US$ | 9.80 billion current US$ | 10 |
| 2010s | 13.62 billion current US$ | 10.08 billion current US$ | 15.70 billion current US$ | 10 |
| 2020s | 14.23 billion current US$ | 13.10 billion current US$ | 15.17 billion current US$ | 5 |
Countries ranked near Trinidad and Tobago
More economy & growth data for Trinidad and Tobago
- Inflation of consumer prices 1.0% (2025)
- GDP per capita 16,191 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 14.4% (2024)
- Gross domestic product (GDP) 22.15 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 16,191 constant 2015 US$ (2025)
- DEC alternative conversion factor 6.75 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 632.36 million current LCU (2025)
- Net secondary income (Net current transfers from abroad) 93.70 million current US$ (2025)
- Taxes less subsidies on products 9.34 billion current LCU (2024)
- Taxes less subsidies on products 1.38 billion current US$ (2024)
Frequently asked questions
- What is services, value added in Trinidad and Tobago?
- Services, value added in Trinidad and Tobago was 15.17 billion current 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 15.70 billion current US$ in 2015.
- What is the lowest services, value added recorded in Trinidad and Tobago?
- The lowest recorded value was 390.50 million current US$ in 1968.
- How does Trinidad and Tobago rank for services, value added?
- Trinidad and Tobago ranks 115th out of 203 countries with data for 2024.
- Is services, value added rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 2.1%. 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 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 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 indicator is expressed in United States dollars.