Services sector's value added to GDP in Trinidad & Tobago

In 2022, the value added by the services industry to the gross domestic product in Trinidad & Tobago increased by 0.6 billion U.S. dollars (+4.68 percent) compared to 2021. In total, the value added amounted to 13.46 billion U.S. dollars in 2022. This increase was preceded by a declining value added.
Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production.

Find more statistics on other topics about Trinidad & Tobago with key insights such as value added by the services industry to the gross domestic product, value added by the agriculture, forestry, and fishing sector to the gross domestic product, and national gross income per capita.

Value added by the services industry to the gross domestic product (GDP) in Trinidad and Tobago from 2013 to 2022 (in billion U.S. dollars)

Characteristic	Value in billion U.S. dollars
2022	13.46
2021	12.82
2020	13.14
2019	14.32
2018	13.69
2017	13.75
2016	14.75
2015	15.7
2014	16.17
2013	14.82

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Release date

October 2024

More information

Region

Trinidad and Tobago

Survey time period

2013 to 2022

Special properties

Values in constant U.S. dollars based on 2010 prices

Supplementary notes

Data represents the value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources.

Figures have been rounded.

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