Services, value added in Trinidad and Tobago
Trinidad and Tobago: Services, value added was 84.83 billion constant LCU in 2024. ▲ Rising
Services, value added in Trinidad and Tobago, 1984–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
Trinidad and Tobago recorded 84.83 billion constant LCU for services, value added in 2024.
That represents a change of up 0.4% on the previous year and down 13.3% over ten years.
Over the whole period, services, value added in Trinidad and Tobago peaked at 97.87 billion constant LCU in 2014 and was at its lowest, 31.27 billion constant LCU, in 1995.
Trinidad and Tobago ranks 126th of 198 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 | 37.67 billion constant LCU | 33.54 billion constant LCU | 40.89 billion constant LCU | 6 |
| 1990s | 35.99 billion constant LCU | 31.27 billion constant LCU | 42.53 billion constant LCU | 10 |
| 2000s | 58.40 billion constant LCU | 45.76 billion constant LCU | 72.95 billion constant LCU | 10 |
| 2010s | 85.67 billion constant LCU | 70.61 billion constant LCU | 97.87 billion constant LCU | 10 |
| 2020s | 81.87 billion constant LCU | 78.29 billion constant LCU | 84.83 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 services, value added in Trinidad and Tobago?
- Services, value added in Trinidad and Tobago was 84.83 billion constant LCU 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 97.87 billion constant LCU in 2014.
- What is the lowest services, value added recorded in Trinidad and Tobago?
- The lowest recorded value was 31.27 billion constant LCU in 1995.
- How does Trinidad and Tobago rank for services, value added?
- Trinidad and Tobago ranks 126th out of 198 countries with data for 2024.
- Is services, value added rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 13.3%. 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 (constant LCU). 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 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.