Services share of GDP — all countries

Services share of GDP — Trinidad and Tobago

Services share of GDP in Trinidad and Tobago in 2024 — 59.2%. Ranked 80 in the world out of 189. Since 1966, the indicator has risen by 3.9 pp.

2024 59.2% −1.2 pp vs 2023
World rank 80of 189
Period maximum 62.7%2020
Period minimum 35.2%2008

Trend over time

1966–2024 · % of GDP

Services share of GDP — Trinidad and Tobago, 1966–20243040506070196619721978198419901996200220082014202020241966: 55.3%1967: 53.5%1968: 51.5%1969: 53.9%1970: 54.8%1971: 54.9%1972: 53.7%1973: 50.7%1974: 39.6%1975: 40.1%1976: 40.5%1977: 42.3%1978: 45.3%1979: 44.2%1980: 42.6%1981: 46.2%1982: 54.8%1983: 55.5%1984: 54.5%1985: 55.9%1986: 60.1%1987: 57.3%1988: 57.2%1989: 54.2%1990: 48.3%1991: 51%1992: 55.1%1993: 54.5%1994: 50%1995: 51.1%1996: 51.3%1997: 54.4%1998: 57.5%1999: 56.8%2000: 51.5%2001: 53.4%2002: 55.3%2003: 47.7%2004: 44.7%2005: 39.7%2006: 38%2007: 39.5%2008: 35.2%2009: 46.5%2010: 45.5%2011: 43%2012: 48.8%2013: 50.7%2014: 52.6%2015: 58.5%2016: 60.5%2017: 59.2%2018: 57.2%2019: 60.3%2020: 62.7%2021: 54.9%2022: 51.1%2023: 60.3%2024: 59.2%
Change over the period: +3.9 pp Annual average: 0.07 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Trinidad and Tobago

Trinidad and Tobago 59.2%
World 63.3%
High-income countries computed 65.7%
Services share of GDP — Trinidad and Tobago, by year Trinidad and Tobago All countries CSV XLSX
Year % Change, pp
2024 59.2 −1.2 pp
2023 60.3 +9.2 pp
2022 51.1 −3.8 pp
2021 54.9 −7.9 pp
2020 62.7 +2.4 pp
2019 60.3 +3.1 pp
2018 57.2 −2 pp
2017 59.2 −1.2 pp
2016 60.5 +2 pp
2015 58.5 +5.9 pp
2014 52.6 +1.9 pp
2013 50.7 +1.9 pp
2012 48.8 +5.8 pp
2011 43 −2.5 pp
2010 45.5 −1 pp
2009 46.5 +11.4 pp
2008 35.2 −4.3 pp
2007 39.5 +1.5 pp
2006 38 −1.7 pp
2005 39.7 −4.9 pp
2004 44.7 −3 pp
2003 47.7 −7.6 pp
2002 55.3 +1.9 pp
2001 53.4 +1.9 pp
2000 51.5 −5.3 pp
1999 56.8 −0.7 pp
1998 57.5 +3.1 pp
1997 54.4 +3.1 pp
1996 51.3 +0.2 pp
1995 51.1 +1 pp
1994 50 −4.5 pp
1993 54.5 −0.6 pp
1992 55.1 +4.1 pp
1991 51 +2.8 pp
1990 48.3 −5.9 pp
1989 54.2 −3 pp
1988 57.2 −0.1 pp
1987 57.3 −2.7 pp
1986 60.1 +4.2 pp
1985 55.9 +1.4 pp
1984 54.5 −1.1 pp
1983 55.5 +0.7 pp
1982 54.8 +8.6 pp
1981 46.2 +3.6 pp
1980 42.6 −1.6 pp
1979 44.2 −1 pp
1978 45.3 +3 pp
1977 42.3 +1.8 pp
1976 40.5 +0.4 pp
1975 40.1 +0.5 pp
1974 39.6 −11.1 pp
1973 50.7 −3 pp
1972 53.7 −1.2 pp
1971 54.9 +0.2 pp
1970 54.8 +0.9 pp
1969 53.9 +2.4 pp
1968 51.5 −2 pp
1967 53.5 −1.8 pp
1966 55.3

About the indicator

The share of value added by the service sector in GDP: wholesale and retail trade, transport, communications, finance, real estate, business and government services, education and health care. In most high-income countries it exceeds 70%; in small island states and tourism economies it reaches 80–90%.

Source: World Development Indicators (World Bank), license CC BY 4.0.