Government of the Republic of Trinidad and Tobago

Statistics

Gross Domestic Product of Trinidad and Tobago at Constant (2012) Market Prices/Percentage Change/

INDUSTRYISIC12021r2022r2023r2024pQ4* 2024rQ1* 2025p2025e
Agriculture, forestry and fishingA(15.9)(13.2)(5.8)(5.4)(2.7)(2.9)-
Mining and quarryingB(5.1)0.5(5.5)(1.9)3.8(6.4)2.1
ManufacturingC(0.1)4.8(4.8)7.612.72.51.4
Food, beverages and tobacco productsCA13.031.2(0.3)17.114.612.810.5
Textiles, clothing, leather, wood, paper and printingCB-C(3.1)(4.1)3.0(17.3)(1.1)4.1-
Petroleum and chemical productsCD-E(4.5)(2.9)(7.3)4.413.2(2.5)(3.5)
Other manufactured productsCF-M5.1(3.6)(3.9)4.36.2(2.8)-
Electricity and gasD7.0(1.1)(2.7)2.46.0(2.0)-
Water supply and sewerageE3.0(0.8)(1.9)2.0(1.9)(1.0)-
ConstructionF8.83.7(6.4)(5.6)5.33.41.0
Trade and repairsG(5.8)5.88.61.41.6(6.5)0.2
Transport and storageH1.226.95.75.61.0(2.7)1.5
Accommodation and food servicesI(7.3)20.78.10.12.54.7-
Information and communicationJ(0.3)0.2(0.3)(6.2)(5.8)(2.0)-
Financial and insurance activitiesK5.0(3.3)(0.2)0.61.00.40.6
Real estate activitiesL(0.4)(0.4)(0.5)(0.2)0.40.8-
Professional, scientific and technical servicesM(14.1)23.5(5.0)(3.2)0.4(0.1)-
Administrative and support servicesN(0.2)1.10.40.10.30.0-
Public administrationO0.6(0.5)(1.8)(1.4)0.7(0.6)(0.6)
EducationP(0.4)(0.2)(0.6)(0.6)(0.3)(0.5)-
Human health and social workQ0.00.20.0(0.1)0.10.1-
Arts, entertainment and recreationR0.00.20.0(0.1)0.10.1-
Other service activitiesS14.0(1.7)(8.3)(1.9)(3.7)5.6-
Domestic servicesT1.00.91.01.01.01.0-
GDP AT BASIC PRICES2(1.6)3.3(0.2)1.03.4(2.1)-
Taxes less subsidies on products20.3(46.0)60.836.3N/AN/A-
GDP AT PURCHASER PRICES3(0.7)0.91.52.5N/AN/A(0.8)
Memo Items:
Non-Energy Industry GDP4(1.0)5.12.31.22.3(1.0)1.2
Energy Industry GDP4,52.9(0.6)(5.8)0.46.4(4.8)(0.0)
Crude oil exploration and extraction8.4(0.4)(8.0)(7.7)3.74.64.6
Condensate extraction(9.7)(16.8)(6.1)14.99.9(8.6)17.0
Natural gas exploration and extraction(17.5)5.5(3.6)(1.9)3.6(12.9)(4.2)
Asphalt44.0(44.4)320.7(66.1)(11.2)(74.0)-
Petroleum support services48.57.1(4.6)10.4(6.9)(16.4)-
Refining (incl. LNG)(30.7)11.0(4.9)(0.1)11.1(4.6)-
Manufacture of Petrochemicals7.1(7.7)(8.8)4.612.3(3.6)(3.4)
Petroleum and natural gas distribution14.62.6(2.1)2.54.2(1.5)-
Source: Central Statistical Office and Ministry of Finance
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/ 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).
3/ 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). GDP at Purchaser Prices is the measure of GDP normally referred to in public analysis. GDP at Basic Prices is used to derive GDP at Purchaser Prices. (GDP Purchaser Price = GDP Basic Price + Taxes less subsidies on products).
4/ For the quarterly data: Calculated by the Ministry of Finance based on the Central Statistical Office's GDP estimates under TTSNA industrial groupings.
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: CSO Revised p: CSO Provisional e: Ministry of Finance Estimate f: Ministry of Finance Forecast N/A: Not Available