Services, value added in Trinidad and Tobago
Trinidad and Tobago: Services, value added was 102.40 billion current LCU in 2024. ◆ Volatile
Services, value added in Trinidad and Tobago, 1966–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for services, value added in Trinidad and Tobago is 102.40 billion current LCU, measured in 2024. That is the highest value across all 59 years on record.
Compared with earlier readings it is up 0.4% on the previous year and up 3.1% over ten years.
Over the whole period, services, value added in Trinidad and Tobago peaked at 102.40 billion current LCU in 2024 and was at its lowest, 686.30 million current LCU, in 1966.
Trinidad and Tobago ranks 133rd of 205 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 | 753.70 million current LCU | 686.30 million current LCU | 839.40 million current LCU | 4 |
| 1970s | 2.25 billion current LCU | 900.50 million current LCU | 4.89 billion current LCU | 10 |
| 1980s | 9.55 billion current LCU | 6.38 billion current LCU | 10.71 billion current LCU | 10 |
| 1990s | 16.26 billion current LCU | 10.40 billion current LCU | 24.37 billion current LCU | 10 |
| 2000s | 41.46 billion current LCU | 26.44 billion current LCU | 61.66 billion current LCU | 10 |
| 2010s | 89.13 billion current LCU | 64.29 billion current LCU | 100.14 billion current LCU | 10 |
| 2020s | 96.09 billion current LCU | 88.45 billion current LCU | 102.40 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 0.4% (2024)
- Services, value added 14.02 billion constant 2015 US$ (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 102.40 billion current 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 102.40 billion current LCU in 2024.
- What is the lowest services, value added recorded in Trinidad and Tobago?
- The lowest recorded value was 686.30 million current LCU in 1966.
- How does Trinidad and Tobago rank for services, value added?
- Trinidad and Tobago ranks 133rd out of 205 countries with data for 2024.
- Is services, value added rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 3.1%. 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 Offices (NSOs), published as part of Services, value added (current LCU). 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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.