Trinidad and Tobago: Manufacturing, value added (current US$)

Key figures

What the numbers say

In 2024, Trinidad and Tobago's manufacturing, value added (current US$) rose 4.7% on 2023 (from US$3.52 billion to US$3.69 billion).

Across the 11 yearly changes before that (2013 to 2023), the average change was −1.3% and a typical year strayed about 17.5% from that (the standard deviation). This year's change was 0.3 standard deviations above 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 32.6% in 2021 and the biggest yearly fall was 29.2% in 2023. 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 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Trinidad and Tobago had the 13th highest value of the 44 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

• Tunisia — 9th of 44: US$7.61 billion
• Bolivia — 10th of 44: US$7.17 billion
• Hong Kong SAR, China — 11th of 44: US$3.82 billion
• Madagascar — 13th of 44: US$2.31 billion
• Tajikistan — 14th of 44: US$1.91 billion
• West Bank and Gaza — 15th of 44: US$1.81 billion

What this measures

Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 indicator is expressed in United States dollars.

Limitations: In establishing classifications systems compilers must define both the types of activities to be described and the units whose activities are to be reported. There are many possibilities, and the choices affect how the statistics can be interpreted and how useful they are in analyzing economic behavior. The ISIC emphasizes commonalities in the production process and is explicitly not intended to measure outputs (for which there is a newly developed Central Product Classification). Nevertheless, the ISIC views an activity as defined by "a process resulting in a homogeneous set of products."

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 13 values

Manufacturing, value added (current US$) in nearby economies

• Antigua and Barbuda — US$56.99 million (2025)
• Argentina — US$92.79 billion (2025)
• Aruba — US$88.26 million (2023)
• Bahamas, The — US$99.7 million (2024)
• Barbados — US$376.05 million (2024)
• Belize — US$211.25 million (2024)
• Bolivia — US$7.17 billion (2024)
• Brazil — US$268.4 billion (2025)
• Cayman Islands — US$67.21 million (2024)
• Chile — US$32 billion (2025)

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

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Trinidad and Tobago's manufacturing, value added (current US$)?

US$3.69 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2012?

It is down 22.19% from US$4.74 billion in 2012 (2.07% a year on average, compounded). The highest value was US$4.97 billion in 2022 and the lowest US$3.15 billion in 2020.

How does Trinidad and Tobago rank?

13th highest of 44 economies with data for 2024.

Is the latest change in manufacturing, value added (current US$) unusual for Trinidad and Tobago?

In 2024, Trinidad and Tobago's manufacturing, value added (current US$) rose 4.7% on 2023 (from US$3.52 billion to US$3.69 billion). Across the 11 yearly changes before that (2013 to 2023), the average change was −1.3% and a typical year strayed about 17.5% from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NV.IND.MANF.CD, 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.

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