Services, value added (current US$) in Trinidad and Tobago
Trinidad and Tobago: Services, value added (current US$) 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$, in 1968.
That places Trinidad and Tobago 115th out of 206 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current US$) in Trinidad and Tobago, year by year
| Year | current US$ | Change |
|---|---|---|
| 1966 | 400.34 million current US$ | — |
| 1967 | 407.40 million current US$ | +1.8% |
| 1968 | 390.50 million current US$ | -4.1% |
| 1969 | 419.70 million current US$ | +7.5% |
| 1970 | 450.25 million current US$ | +7.3% |
| 1971 | 492.64 million current US$ | +9.4% |
| 1972 | 582.22 million current US$ | +18.2% |
| 1973 | 663.68 million current US$ | +14.0% |
| 1974 | 808.48 million current US$ | +21.8% |
| 1975 | 978.80 million current US$ | +21.1% |
| 1976 | 1.01 billion current US$ | +3.5% |
| 1977 | 1.33 billion current US$ | +31.1% |
| 1978 | 1.61 billion current US$ | +21.5% |
| 1979 | 2.04 billion current US$ | +26.2% |
| 1980 | 2.66 billion current US$ | +30.6% |
| 1981 | 3.23 billion current US$ | +21.5% |
| 1982 | 4.46 billion current US$ | +38.1% |
| 1983 | 4.31 billion current US$ | -3.3% |
| 1984 | 4.23 billion current US$ | -2.0% |
| 1985 | 4.12 billion current US$ | -2.5% |
| 1986 | 2.88 billion current US$ | -30.1% |
| 1987 | 2.75 billion current US$ | -4.5% |
| 1988 | 2.57 billion current US$ | -6.5% |
| 1989 | 2.34 billion current US$ | -9.0% |
| 1990 | 2.45 billion current US$ | +4.5% |
| 1991 | 2.71 billion current US$ | +10.7% |
| 1992 | 3.00 billion current US$ | +10.7% |
| 1993 | 2.55 billion current US$ | -15.1% |
| 1994 | 2.48 billion current US$ | -2.7% |
| 1995 | 2.72 billion current US$ | +9.9% |
| 1996 | 2.95 billion current US$ | +8.5% |
| 1997 | 3.12 billion current US$ | +5.7% |
| 1998 | 3.47 billion current US$ | +11.3% |
| 1999 | 3.87 billion current US$ | +11.3% |
| 2000 | 4.20 billion current US$ | +8.5% |
| 2001 | 4.71 billion current US$ | +12.3% |
| 2002 | 4.98 billion current US$ | +5.7% |
| 2003 | 5.40 billion current US$ | +8.3% |
| 2004 | 5.93 billion current US$ | +10.0% |
| 2005 | 6.35 billion current US$ | +7.0% |
| 2006 | 6.99 billion current US$ | +10.0% |
| 2007 | 8.55 billion current US$ | +22.3% |
| 2008 | 9.80 billion current US$ | +14.7% |
| 2009 | 8.92 billion current US$ | -9.0% |
| 2010 | 10.08 billion current US$ | +13.0% |
| 2011 | 10.93 billion current US$ | +8.4% |
| 2012 | 13.25 billion current US$ | +21.2% |
| 2013 | 14.48 billion current US$ | +9.2% |
| 2014 | 15.50 billion current US$ | +7.1% |
| 2015 | 15.70 billion current US$ | +1.3% |
| 2016 | 14.29 billion current US$ | -9.0% |
| 2017 | 14.11 billion current US$ | -1.2% |
| 2018 | 13.66 billion current US$ | -3.2% |
| 2019 | 14.15 billion current US$ | +3.6% |
| 2020 | 13.10 billion current US$ | -7.4% |
| 2021 | 13.29 billion current US$ | +1.4% |
| 2022 | 14.48 billion current US$ | +9.0% |
| 2023 | 15.11 billion current US$ | +4.3% |
| 2024 | 15.17 billion current US$ | +0.4% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 15.17 billion current US$ is below the median for high income countries, which is 71.23 billion current US$, 21% of the median. (77 countries reporting)
- Trinidad and Tobago's 15.17 billion current US$ is above the median for Latin America & Caribbean, which is 15.17 billion current US$, 1.0× the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 404.49 million current US$ | 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
- Real gdp growth, annual growth rate 71.15 % change on previous year (2024)
- 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)
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 206 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.