Gross value added at basic prices (GVA) in Trinidad and Tobago
Trinidad and Tobago: Gross value added at basic prices (GVA) was 146.18 billion constant LCU in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Trinidad and Tobago, 1984–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, gross value added at basic prices (gva) in Trinidad and Tobago stood at 146.18 billion constant LCU.
Compared with earlier readings it is up 1.0% on the previous year and down 19.1% over ten years.
Over the whole period, gross value added at basic prices (gva) in Trinidad and Tobago peaked at 180.79 billion constant LCU in 2014 and was at its lowest, 60.88 billion constant LCU, in 1995.
Trinidad and Tobago ranks 124th of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 68.72 billion constant LCU | 63.90 billion constant LCU | 74.76 billion constant LCU | 6 |
| 1990s | 68.41 billion constant LCU | 60.88 billion constant LCU | 82.38 billion constant LCU | 10 |
| 2000s | 129.17 billion constant LCU | 89.53 billion constant LCU | 165.08 billion constant LCU | 10 |
| 2010s | 165.76 billion constant LCU | 156.19 billion constant LCU | 180.79 billion constant LCU | 10 |
| 2020s | 143.74 billion constant LCU | 140.28 billion constant LCU | 146.18 billion constant LCU | 5 |
Countries ranked near Trinidad and Tobago
More economy & growth data for Trinidad and Tobago
- Gross fixed capital formation 4.75 billion current US$ (2023)
- Total reserves minus gold 5.44 billion current US$ (2024)
- Inflation, consumer prices 1.0% (2025)
- Services, value added 14.02 billion constant 2015 US$ (2024)
- Services, value added 102.40 billion current LCU (2024)
- Gross fixed capital formation 19.0% (2023)
- Changes in inventories 0 current LCU (2008)
- Changes in inventories 0 current US$ (2008)
- Total reserves 5.60 billion includes gold, current US$ (2024)
- Gross fixed capital formation 32.09 billion current LCU (2023)
Frequently asked questions
- What is gross value added at basic prices (gva) in Trinidad and Tobago?
- Gross value added at basic prices (gva) in Trinidad and Tobago was 146.18 billion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Trinidad and Tobago?
- The highest recorded value was 180.79 billion constant LCU in 2014.
- What is the lowest gross value added at basic prices (gva) recorded in Trinidad and Tobago?
- The lowest recorded value was 60.88 billion constant LCU in 1995.
- How does Trinidad and Tobago rank for gross value added at basic prices (gva)?
- Trinidad and Tobago ranks 124th out of 197 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 19.1%. 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 Gross value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.