Gross value added at basic prices (GVA) in Trinidad and Tobago
Trinidad and Tobago: Gross value added at basic prices (GVA) was 163.69 billion current LCU in 2024. ◆ Volatile
Gross value added at basic prices (GVA) in Trinidad and Tobago, 1966–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for gross value added at basic prices (gva) in Trinidad and Tobago is 163.69 billion current LCU, measured in 2024.
Compared with earlier readings it is up 1.2% on the previous year and down 10.6% over ten years.
Over the whole period, gross value added at basic prices (gva) in Trinidad and Tobago peaked at 186.71 billion current LCU in 2022 and was at its lowest, 1.26 billion current LCU, in 1966.
Trinidad and Tobago ranks 135th of 206 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.44 billion current LCU | 1.26 billion current LCU | 1.60 billion current LCU | 4 |
| 1970s | 5.27 billion current LCU | 1.68 billion current LCU | 11.62 billion current LCU | 10 |
| 1980s | 18.42 billion current LCU | 15.72 billion current LCU | 20.32 billion current LCU | 10 |
| 1990s | 30.09 billion current LCU | 21.18 billion current LCU | 42.62 billion current LCU | 10 |
| 2000s | 96.56 billion current LCU | 51.56 billion current LCU | 174.44 billion current LCU | 10 |
| 2010s | 161.12 billion current LCU | 141.05 billion current LCU | 183.02 billion current LCU | 10 |
| 2020s | 160.24 billion current LCU | 133.88 billion current LCU | 186.71 billion current 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 163.69 billion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Trinidad and Tobago?
- The highest recorded value was 186.71 billion current LCU in 2022.
- What is the lowest gross value added at basic prices (gva) recorded in Trinidad and Tobago?
- The lowest recorded value was 1.26 billion current LCU in 1966.
- How does Trinidad and Tobago rank for gross value added at basic prices (gva)?
- Trinidad and Tobago ranks 135th out of 206 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 10.6%. 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 Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.