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

The value added by the services industry to the gross domestic product in Trinidad & Tobago decreased by 0.3 billion U.S. dollars (-2.19 percent) since the previous year. As a result, the value added in Trinidad & Tobago saw its lowest number in 2021 with 13.4 billion U.S. dollars.

Value added of a sector is the contribution of a sector to the overall GDP. The components of value added consist of compensation of employees, taxes on production and imports less subsidies, and gross operating surplus. Value added equals the difference between a sector’s gross output and the cost of its intermediate inputs.
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 2012 to 2021 (in billion U.S. dollars)

Characteristic	Value in billion U.S. dollars
2021	13.4
2020	13.68
2019	14.61
2018	14.02
2017	14.14
2016	15.17
2015	15.97
2014	16.39
2013	15.03
2012	14.13

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Release date

December 2022

More information

Region

Trinidad and Tobago

Survey time period

2012 to 2021

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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