Services, value added (% of GDP) in Trinidad and Tobago
Trinidad and Tobago: Services, value added (% of GDP) was 59.2% in 2024. ▲ Rising
Services, value added in Trinidad and Tobago, 1966–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, services, value added in Trinidad and Tobago stood at 59.2%.
That represents a change of down 1.9% on the previous year and up 12.5% over ten years.
Over the whole period, services, value added in Trinidad and Tobago peaked at 62.7% in 2020 and was at its lowest, 35.2%, in 2008.
That places Trinidad and Tobago 94th out of 206 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 59 years of available data.
Services, value added (% of GDP) in Trinidad and Tobago, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1966 | 55.3% | — |
| 1967 | 53.5% | -3.3% |
| 1968 | 51.5% | -3.8% |
| 1969 | 53.9% | +4.7% |
| 1970 | 54.8% | +1.7% |
| 1971 | 54.9% | +0.3% |
| 1972 | 53.7% | -2.2% |
| 1973 | 50.7% | -5.6% |
| 1974 | 39.6% | -21.9% |
| 1975 | 40.1% | +1.2% |
| 1976 | 40.5% | +1.1% |
| 1977 | 42.3% | +4.4% |
| 1978 | 45.3% | +7.0% |
| 1979 | 44.2% | -2.3% |
| 1980 | 42.6% | -3.6% |
| 1981 | 46.2% | +8.4% |
| 1982 | 54.8% | +18.6% |
| 1983 | 55.5% | +1.4% |
| 1984 | 54.5% | -1.9% |
| 1985 | 55.9% | +2.6% |
| 1986 | 60.1% | +7.5% |
| 1987 | 57.3% | -4.6% |
| 1988 | 57.2% | -0.2% |
| 1989 | 54.2% | -5.3% |
| 1990 | 48.3% | -10.8% |
| 1991 | 51.0% | +5.7% |
| 1992 | 55.1% | +8.0% |
| 1993 | 54.5% | -1.1% |
| 1994 | 50.0% | -8.2% |
| 1995 | 51.1% | +2.1% |
| 1996 | 51.3% | +0.4% |
| 1997 | 54.4% | +6.1% |
| 1998 | 57.5% | +5.7% |
| 1999 | 56.8% | -1.2% |
| 2000 | 51.5% | -9.4% |
| 2001 | 53.4% | +3.7% |
| 2002 | 55.3% | +3.6% |
| 2003 | 47.7% | -13.7% |
| 2004 | 44.7% | -6.4% |
| 2005 | 39.7% | -11.1% |
| 2006 | 38.0% | -4.3% |
| 2007 | 39.5% | +3.8% |
| 2008 | 35.2% | -10.9% |
| 2009 | 46.5% | +32.3% |
| 2010 | 45.5% | -2.2% |
| 2011 | 43.0% | -5.5% |
| 2012 | 48.8% | +13.5% |
| 2013 | 50.7% | +3.8% |
| 2014 | 52.6% | +3.8% |
| 2015 | 58.5% | +11.2% |
| 2016 | 60.5% | +3.4% |
| 2017 | 59.2% | -2.1% |
| 2018 | 57.2% | -3.4% |
| 2019 | 60.3% | +5.4% |
| 2020 | 62.7% | +4.0% |
| 2021 | 54.9% | -12.5% |
| 2022 | 51.1% | -6.9% |
| 2023 | 60.3% | +18.1% |
| 2024 | 59.2% | -1.9% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 59.2% is below the median for high income countries, which is 66.2%, 89% of the median. (77 countries reporting)
- Trinidad and Tobago's 59.2% is below the median for Latin America & Caribbean, which is 59.8%, 99% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 53.5% | 51.5% | 55.3% | 4 |
| 1970s | 46.6% | 39.6% | 54.9% | 10 |
| 1980s | 53.8% | 42.6% | 60.1% | 10 |
| 1990s | 53.0% | 48.3% | 57.5% | 10 |
| 2000s | 45.2% | 35.2% | 55.3% | 10 |
| 2010s | 53.6% | 43.0% | 60.5% | 10 |
| 2020s | 57.6% | 51.1% | 62.7% | 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 59.2% 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 62.7% in 2020.
- What is the lowest services, value added recorded in Trinidad and Tobago?
- The lowest recorded value was 35.2% in 2008.
- How does Trinidad and Tobago rank for services, value added?
- Trinidad and Tobago ranks 94th 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 12.5%. The long-run trend across the full record is rising.
- 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 (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 59 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.