Value Added (Total Manufacturing) — Value Standard Local Currency in Trinidad and Tobago
Trinidad and Tobago: Value Added (Total Manufacturing) — Value Standard Local Currency was 19,438 million SLC in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value Standard Local Currency in Trinidad and Tobago, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2023, value added (total manufacturing) — value standard local currency in Trinidad and Tobago stood at 19,438 million SLC.
That represents a change of down 4.7% on the previous year and down 20.2% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Trinidad and Tobago peaked at 27,314 million SLC in 2008 and was at its lowest, 4,567 million SLC, in 1975.
Trinidad and Tobago ranks 114th of 194 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.
Value Added (Total Manufacturing) — Value Standard Local Currency in Trinidad and Tobago, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 4,914 million SLC | — |
| 1971 | 4,889 million SLC | -0.5% |
| 1972 | 5,124 million SLC | +4.8% |
| 1973 | 5,037 million SLC | -1.7% |
| 1974 | 5,248 million SLC | +4.2% |
| 1975 | 4,567 million SLC | -13.0% |
| 1976 | 5,421 million SLC | +18.7% |
| 1977 | 5,260 million SLC | -3.0% |
| 1978 | 5,545 million SLC | +5.4% |
| 1979 | 5,693 million SLC | +2.7% |
| 1980 | 5,830 million SLC | +2.4% |
| 1981 | 5,446 million SLC | -6.6% |
| 1982 | 5,553 million SLC | +2.0% |
| 1983 | 5,640 million SLC | +1.6% |
| 1984 | 5,565 million SLC | -1.3% |
| 1985 | 4,958 million SLC | -10.9% |
| 1986 | 5,202 million SLC | +4.9% |
| 1987 | 4,816 million SLC | -7.4% |
| 1988 | 4,851 million SLC | +0.7% |
| 1989 | 5,098 million SLC | +5.1% |
| 1990 | 5,237 million SLC | +2.7% |
| 1991 | 5,675 million SLC | +8.4% |
| 1992 | 5,820 million SLC | +2.6% |
| 1993 | 5,643 million SLC | -3.0% |
| 1994 | 6,015 million SLC | +6.6% |
| 1995 | 6,267 million SLC | +4.2% |
| 1996 | 6,852 million SLC | +9.3% |
| 1997 | 7,159 million SLC | +4.5% |
| 1998 | 8,153 million SLC | +13.9% |
| 1999 | 9,572 million SLC | +17.4% |
| 2000 | 10,908 million SLC | +13.9% |
| 2001 | 11,019 million SLC | +1.0% |
| 2002 | 12,394 million SLC | +12.5% |
| 2003 | 16,387 million SLC | +32.2% |
| 2004 | 17,771 million SLC | +8.4% |
| 2005 | 19,726 million SLC | +11.0% |
| 2006 | 24,869 million SLC | +26.1% |
| 2007 | 25,915 million SLC | +4.2% |
| 2008 | 27,314 million SLC | +5.4% |
| 2009 | 25,784 million SLC | -5.6% |
| 2010 | 25,795 million SLC | +0.0% |
| 2011 | 25,059 million SLC | -2.9% |
| 2012 | 24,359 million SLC | -2.8% |
| 2013 | 24,351 million SLC | -0.0% |
| 2014 | 23,803 million SLC | -2.2% |
| 2015 | 24,239 million SLC | +1.8% |
| 2016 | 23,446 million SLC | -3.3% |
| 2017 | 22,927 million SLC | -2.2% |
| 2018 | 22,714 million SLC | -0.9% |
| 2019 | 22,082 million SLC | -2.8% |
| 2020 | 19,484 million SLC | -11.8% |
| 2021 | 19,466 million SLC | -0.1% |
| 2022 | 20,406 million SLC | +4.8% |
| 2023 | 19,438 million SLC | -4.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5,170 million SLC | 4,567 million SLC | 5,693 million SLC | 10 |
| 1980s | 5,296 million SLC | 4,816 million SLC | 5,830 million SLC | 10 |
| 1990s | 6,639 million SLC | 5,237 million SLC | 9,572 million SLC | 10 |
| 2000s | 19,209 million SLC | 10,908 million SLC | 27,314 million SLC | 10 |
| 2010s | 23,878 million SLC | 22,082 million SLC | 25,795 million SLC | 10 |
| 2020s | 19,699 million SLC | 19,438 million SLC | 20,406 million SLC | 4 |
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)
- Gross fixed capital formation (current US$), annual growth rate -2.37 % change on previous year (2023)
- Gross fixed capital formation (current US$), per unit of GDP 0.1899 current US$ per US$ of GDP (2023)
- Gross fixed capital formation (current US$), per capita 3,476 current US$ per person (2023)
- Gross fixed capital formation (current LCU), per unit of GDP 1.28 current LCU per US$ of GDP (2023)
- Gross fixed capital formation (current LCU), per capita 23,464 current LCU per person (2023)
- Gross capital formation (current US$), annual growth rate -2.37 % change on previous year (2023)
- Gross capital formation (current US$), per unit of GDP 0.1899 current US$ per US$ of GDP (2023)
- Gross capital formation (current US$), per capita 3,476 current US$ per person (2023)
Frequently asked questions
- What is value added (total manufacturing) — value standard local currency in Trinidad and Tobago?
- Value added (total manufacturing) — value standard local currency in Trinidad and Tobago was 19,438 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value standard local currency recorded in Trinidad and Tobago?
- The highest recorded value was 27,314 million SLC in 2008.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Trinidad and Tobago?
- The lowest recorded value was 4,567 million SLC in 1975.
- How does Trinidad and Tobago rank for value added (total manufacturing) — value standard local currency?
- Trinidad and Tobago ranks 114th out of 194 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 20.2%. The long-run trend across the full record is volatile.
- Where does this Trinidad and Tobago data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).