Government of the Republic of Trinidad and Tobago


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

INDUSTRYISIC12018r2019r2020r2021pQ4* 2021pQ1* 2022p2022f
Agriculture, forestry and fishingA(10.8)(21.7)25.7(4.3)(10.0)(5.7)-
Mining and quarryingB15.7(6.5)(38.1)79.7108.0113.567.7
Food, beverages and tobacco productsCA19.65.1(5.4)9.115.536.218.1
Textiles, clothing, leather, wood, paper and printingCB-C(0.1)(2.5)(8.6)(4.4)(1.7)(0.2)-
Petroleum and chemical productsCD-E5.0(22.6)(31.6)109.7184.795.023.0
Other manufactured productsCF-M(3.0)0.1(10.0)17.0(26.4)(9.7)-
Electricity and gasD27.6(9.6)(7.8)52.671.048.3-
Water supply and sewerageE3.34.0(2.2)2.90.5(7.9)-
Trade and repairsG(8.8)1.6(5.9)(4.5)(8.4)0.112.0
Transport and storageH4.12.8(27.7)2.221.818.815.5
Accommodation and food servicesI1.51.7(14.3)(3.9)9.111.9-
Information and communicationJ0.33.0(1.8)(1.2)0.63.4-
Financial and insurance activitiesK-1.910.2(17.1)7.813.98.43.7
Real estate activitiesL1.
Professional, scientific and technical servicesM19.17.21.2(1.3)(1.2)(0.7)-
Administrative and support servicesN1.50.8(0.8)
Public administrationO(2.5)(0.3)0.0(2.8)(0.4)1.3(1.6)
Human health and social workQ(0.4)
Arts, entertainment and recreationR1.10.5(0.2)0.30.4(2.6)-
Other service activitiesS3.83.6(0.2)13.430.719.3-
Domestic servicesT1.
Less FISIM22.51.8(2.1)(5.1)(4.7)(2.7)-
GDP AT BASIC PRICES31.6(1.9)(13.0)
Taxes less subsidies on products14.6(9.6)20.118.6N/AN/A-
GDP AT PURCHASER PRICES42.1(2.2)(11.7)16.3N/AN/A15.4
Of which5
Crude oil exploration and extraction15.2(8.3)(36.0)78.7102.072.540.4
Condensate extraction(12.1)(2.2)(36.2)46.324.817.419.3
Natural gas exploration and extraction25.9(5.6)(39.8)93.6146.5179.499.0
Petroleum support services(3.3)(10.6)(45.4)51.5(4.2)(48.3)-
Refining (incl. LNG)(6.8)(35.5)(49.3)89.1261.299.5-
Manufacture of Petrochemicals17.8(13.7)(23.8)132.4182.2100.929.8
Petroleum and natural gas distribution27.0(6.2)(16.6)84.2118.271.2-
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/ 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