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) since 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 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.
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.
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World Bank. (June 28, 2024). 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) [Graph]. In Statista. Retrieved September 20, 2024, from https://www.statista.com/statistics/1075368/trinidad-tobago-services-sector-value-added-gdp/
World Bank. "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)." Chart. June 28, 2024. Statista. Accessed September 20, 2024. https://www.statista.com/statistics/1075368/trinidad-tobago-services-sector-value-added-gdp/
World Bank. (2024). 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). Statista. Statista Inc.. Accessed: September 20, 2024. https://www.statista.com/statistics/1075368/trinidad-tobago-services-sector-value-added-gdp/
World Bank. "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)." Statista, Statista Inc., 28 Jun 2024, https://www.statista.com/statistics/1075368/trinidad-tobago-services-sector-value-added-gdp/
World Bank, 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) Statista, https://www.statista.com/statistics/1075368/trinidad-tobago-services-sector-value-added-gdp/ (last visited September 20, 2024)
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) [Graph], World Bank, June 28, 2024. [Online]. Available: https://www.statista.com/statistics/1075368/trinidad-tobago-services-sector-value-added-gdp/