Trinidad and Tobago's gross Value Added (GVA) at basic prices (constant LCU) was 146.18 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 19.15% from 180.79 billion in 2014 (2.1% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 146.18 billion | 2024 |
| Five years earlier | 157.54 billion | 2019 |
| Ten years earlier | 180.79 billion | 2014 |
| Highest | 180.79 billion | 2014 |
| Lowest | 60.88 billion | 1995 |
| Average since 2015 | 153.45 billion | 2015–2024 |
| First recorded | 74.76 billion |
What the numbers say
In 2024, Trinidad and Tobago's gross Value Added (GVA) at basic prices (constant LCU) rose 1% on 2023 (from 144.71 billion to 146.18 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +2.9% and a typical year strayed about 6.1% from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 14.5% in 2003 and the biggest yearly fall was 9.5% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is downward, about 3.41 billion a year. A straight line explains 75% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about 126.82 billion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 3.58 billion, against 5 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, Trinidad and Tobago had the 11th highest value of the 25 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Trinidad and Tobago in the 2024 ranking
- New Zealand — 7th of 25: 328.39 billion
- Bolivia — 8th of 25: 302.83 billion
- Bhutan — 9th of 25: 199.49 billion
- Vanuatu — 11th of 25: 138.85 billion
- Papua New Guinea — 12th of 25: 68.71 billion
- Cuba — 13th of 25: 50.41 billion
What this measures
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.
All 41 values
| Year | Gross Value Added (GVA) at basic prices (constant LCU) |
|---|---|
| 2024 | 146,175,707,500 |
| 2023 | 144,711,205,700 |
| 2022 | 144,951,279,300 |
| 2021 | 140,281,664,900 |
| 2020 | 142,593,785,700 |
| 2019 | 157,541,938,800 |
| 2018 | 156,189,233,900 |
| 2017 | 158,509,554,800 |
| 2016 | 165,853,581,400 |
| 2015 | 177,722,035,100 |
Gross Value Added (GVA) at basic prices (constant LCU) in nearby economies
- Antigua and Barbuda — 4.37 billion (2025)
- Argentina — 607.64 billion (2025)
- Aruba — 4.92 billion (2023)
- Bahamas, The — 12.21 billion (2024)
- Barbados — 13.74 billion (2025)
- Belize — 4.71 billion (2025)
- Bolivia — 302.83 billion (2024)
- Brazil — 4.01 trillion (2025)
- Cayman Islands — 4.96 billion (2024)
More economic policy & debt data for Trinidad and Tobago
- Total reserves, including gold (current US$) — US$5.37 billion (2025)
- Total reserves, excluding gold (current US$) — US$5.1 billion (2025)
- GDP (current US$) — US$25.94 billion (2025)
- GDP (current LCU) — 175.08 billion (2025)
- GDP (constant 2015 US$) — US$22.15 billion (2025)
- GDP (constant LCU) — 153.7 billion (2025)
- GDP per capita (current US$) — US$18,967 (2025)
- GDP per capita (current LCU) — 128,006 (2025)
- GDP per capita (constant 2015 US$) — US$16,191 (2025)
- GDP per capita (constant LCU)
Reading data like this
Questions people ask
- What is Trinidad and Tobago's gross Value Added (GVA) at basic prices (constant LCU)?
- 146.18 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1984?
- It is up 95.52% from 74.76 billion in 1984 (1.69% a year on average, compounded). The highest value was 180.79 billion in 2014 and the lowest 60.88 billion in 1995.
Source
World Bank, World Development Indicators, indicator NY.GDP.FCST.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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