Gross Domestic Product of Trinidad and Tobago at Constant (2012) Market Prices /Percentage Change/
| INDUSTRY | ISIC1 | 2018r | 2019r | 2020r | 2021p | Q4* 2021p | Q1* 2022p | 2022f |
|---|---|---|---|---|---|---|---|---|
| Agriculture, forestry and fishing | A | (9.6) | (35.6) | 31.1 | (16.5) | (23.6) | (16.2) | - |
| Mining and quarrying | B | (4.0) | (3.5) | (11.4) | (5.2) | 0.2 | (6.0) | 1.5 |
| Manufacturing | C | 0.3 | (2.3) | (10.6) | 0.1 | 7.8 | 4.1 | 7.0 |
| Food, beverages and tobacco products | CA | 16.9 | 10.1 | (4.6) | 12.6 | 18.0 | 36.2 | 18.8 |
| Textiles, clothing, leather, wood, paper and printing | CB-C | (5.9) | (6.6) | (9.8) | (7.4) | (5.3) | (5.8) | - |
| Petroleum and chemical products | CD-E | (2.5) | (6.7) | (12.8) | (4.4) | 5.9 | (4.9) | 4.4 |
| Other manufactured products | CF-M | (5.6) | 9.9 | (8.1) | 4.4 | (2.5) | (6.1) | - |
| Electricity and gas | D | (0.5) | 1.8 | (10.3) | 6.8 | 4.0 | (1.7) | - |
| Water supply and sewerage | E | 7.5 | (2.8) | 3.2 | 4.0 | 3.8 | 3.8 | - |
| Construction | F | (1.2) | (5.8) | (12.9) | 3.9 | (2.7) | (9.2) | (13.9) |
| Trade and repairs | G | (3.0) | 5.6 | (11.4) | (4.7) | (10.3) | (0.9) | 9.0 |
| Transport and storage | H | 4.0 | (2.3) | (27.9) | 1.0 | 21.6 | 21.2 | 15.5 |
| Accommodation and food services | I | 0.3 | (0.1) | (18.5) | (5.9) | 10.0 | 12.2 | - |
| Information and communication | J | 2.1 | 2.3 | (1.1) | (0.5) | 0.5 | 0.9 | - |
| Financial and insurance activities | K | 0.1 | 8.5 | 3.9 | 3.0 | 1.4 | 0.5 | 0.1 |
| Real estate activities | L | 0.5 | 0.4 | 0.4 | 0.5 | 0.5 | 0.4 | - |
| Professional, scientific and technical services | M | 9.0 | 4.8 | 0.8 | (2.1) | (2.4) | (2.0) | - |
| Administrative and support services | N | (0.7) | 0.1 | (1.8) | (0.2) | 0.6 | 0.8 | - |
| Public administration | O | (1.2) | 4.3 | 1.4 | (2.7) | (0.4) | 1.3 | (1.0) |
| Education | P | (0.2) | 0.7 | (0.3) | (0.3) | (0.4) | (0.4) | - |
| Human health and social work | Q | 0.2 | 0.3 | 0.2 | 0.1 | (0.0) | (0.1) | - |
| Arts, entertainment and recreation | R | 0.3 | 0.2 | 0.2 | 0.1 | (0.0) | (0.1) | - |
| Other service activities | S | 0.6 | 2.8 | (1.2) | 13.7 | 32.1 | 19.6 | - |
| Domestic services | T | 1.1 | 1.2 | 1.1 | 1.0 | 0.9 | 0.8 | - |
| Less FISIM2 | 2.1 | 5.4 | 8.8 | (0.3) | (0.7) | (0.5) | - | |
| GDP AT BASIC PRICES3 | (1.3) | 0.5 | (8.5) | (1.7) | (0.9) | (0.1) | - | |
| Taxes less subsidies on products | 13.5 | (10.5) | 19.4 | 16.3 | N/A | N/A | - | |
| GDP AT PURCHASER PRICES4 | (0.9) | 0.1 | (7.7) | (1.0) | N/A | N/A | 2.0 | |
| Of which5 | ||||||||
| Crude oil exploration and extraction | (7.5) | (7.5) | (3.7) | 8.2 | 15.3 | 7.6 | 5.5 | |
| Condensate extraction | (29.4) | (1.8) | (4.0) | (9.7) | (28.8) | (26.8) | (16.7) | |
| Natural gas exploration and extraction | 7.4 | 0.3 | (15.2) | (17.5) | (2.1) | (5.5) | 6.7 | |
| Asphalt | 42.5 | (26.0) | 36.8 | (17.7) | (26.8) | (54.9) | - | |
| Petroleum support services | (4.3) | (11.5) | (45.8) | 48.5 | (7.6) | (50.3) | - | |
| Refining (incl. LNG) | (4.5) | (30.2) | (17.1) | (30.7) | (0.7) | (4.1) | - | |
| Manufacture of Petrochemicals | (1.1) | 11.9 | (11.6) | 7.4 | 8.6 | (5.8) | 4.7 | |
| Petroleum and natural gas distribution | (0.1) | 2.9 | (12.2) | 20.8 | 10.9 | (0.3) | - | |
1/ Designation of the section in the International Standard Industrial Classification of All Economic Activities, Revision 4 (ISIC. Rev 4) that corresponds to the industry/sub-industry.
2/ Financial Intermediation Services Indirectly Measured.
3/ The basic price is the amount receivable by the producer from the purchaser for a unit of a good or service produced as output minus any tax payable, and plus any subsidy receivable, by the producer as a consequence of its production or sale. It excludes any transport charges invoiced separately by the producer. (System of National Accounts, 2008).
4/ The purchaser’s price is the amount paid by the purchaser, excluding any VAT or similar tax deductible by the purchaser, in order to take delivery of a unit of a good or service at the time and place required by the purchaser. The purchaser’s price of a good includes any transport charges paid separately by the purchaser to take delivery at the required time and place (System of National Accounts, 2008).
5/ This Memorandum Item presents the major energy based sub-industries that were previously grouped under the Petroleum Industry in the TTSNA classifications.
* Refers to the quarterly year-on-year percentage change
r: Revised p: Provisional f: Ministry of Finance Forecast N/A: Not Available