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The share of value added by the services industry to gross domestic product in Trinidad & Tobago decreased by 5.6 percentage points (-10.48 percent) in 2022 in comparison to the previous year. Nevertheless, the last two years recorded a significantly higher share than the preceding years.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate outputs. It refers to the contribution of a sector or industry 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.

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 share of value added by the manufacturing industry to the gross domestic product.

Share of value added by the services industry to gross domestic product (GDP) in Trinidad and Tobago from 2007 to 2022

Characteristic	Share of GDP
2022	47.85%
2021	53.45%
2020	62.36%
2019	58.99%
2018	55.79%
2017	58.84%
2016	60.06%
2015	58.08%
2014	52.19%
2013	50.41%
2012	48.47%
2011	42.99%
2010	45.51%
2009	46.53%
2008	35.18%
2007	39.5%

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Release date

October 2024

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Region

Trinidad and Tobago

Survey time period

2007 to 2022

Supplementary notes

Data represents the share of value added by wholesale and retail trade (including hotels and restaurants), transportation, governmental, financial, professional and personal services such as: education, health care, and real estate. 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.

The source does not provide a date of release, the date given is the one of last access.
Figures have been rounded.

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