Goods and services expense (current LCU) in Trinidad and Tobago
Trinidad and Tobago: Goods and services expense (current LCU) was 11.66 billion current LCU in 2019. ◆ Volatile
Goods and services expense in Trinidad and Tobago, 1976–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Trinidad and Tobago recorded 11.66 billion current LCU for goods and services expense in 2019.
That represents a change of up 2.4% on the previous year and up 55.8% over ten years.
Over the whole period, goods and services expense in Trinidad and Tobago peaked at 12.84 billion current LCU in 2014 and was at its lowest, 271.30 million current LCU, in 1980.
That places Trinidad and Tobago 99th out of 155 countries with data for 2019, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Goods and services expense (current LCU) in Trinidad and Tobago, year by year
| Year | current LCU | Change |
|---|---|---|
| 1976 | 282.00 million current LCU | — |
| 1977 | 296.30 million current LCU | +5.1% |
| 1979 | 280.00 million current LCU | -5.5% |
| 1980 | 271.30 million current LCU | -3.1% |
| 1981 | 325.60 million current LCU | +20.0% |
| 2001 | 1.95 billion current LCU | +499.5% |
| 2002 | 2.00 billion current LCU | +2.7% |
| 2003 | 2.47 billion current LCU | +23.3% |
| 2004 | 3.42 billion current LCU | +38.3% |
| 2005 | 4.34 billion current LCU | +26.9% |
| 2006 | 5.42 billion current LCU | +25.0% |
| 2007 | 5.72 billion current LCU | +5.5% |
| 2008 | 6.37 billion current LCU | +11.3% |
| 2009 | 7.48 billion current LCU | +17.6% |
| 2010 | 7.89 billion current LCU | +5.4% |
| 2012 | 10.96 billion current LCU | +39.0% |
| 2013 | 11.60 billion current LCU | +5.9% |
| 2014 | 12.84 billion current LCU | +10.6% |
| 2015 | 12.51 billion current LCU | -2.5% |
| 2016 | 12.21 billion current LCU | -2.5% |
| 2017 | 11.70 billion current LCU | -4.2% |
| 2018 | 11.39 billion current LCU | -2.6% |
| 2019 | 11.66 billion current LCU | +2.4% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 11.66 billion current LCU is below the median for high income countries, which is 14.51 billion current LCU, 80% of the median. (57 countries reporting)
- Trinidad and Tobago's 11.66 billion current LCU is below the median for Latin America & Caribbean, which is 14.98 billion current LCU, 78% of the median. (24 countries reporting)
Biggest year-on-year movements
Years where Goods and services expense (current LCU) in Trinidad and Tobago changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2001 | +499.5% | 325.60 million current LCU | 1.95 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 286.10 million current LCU | 280.00 million current LCU | 296.30 million current LCU | 3 |
| 1980s | 298.45 million current LCU | 271.30 million current LCU | 325.60 million current LCU | 2 |
| 2000s | 4.35 billion current LCU | 1.95 billion current LCU | 7.48 billion current LCU | 9 |
| 2010s | 11.42 billion current LCU | 7.89 billion current LCU | 12.84 billion current LCU | 9 |
Countries ranked near Trinidad and Tobago
- 96 Azerbaijan 13.81 billion current LCU compare
- 97 Niger 12.99 billion current LCU compare
- 98 Namibia 12.22 billion current LCU compare
- 100 Vanuatu 11.22 billion current LCU compare
- 101 Cape Verde 11.14 billion current LCU compare
- 102 Switzerland 10.33 billion current LCU compare
More public sector data for Trinidad and Tobago
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 32.00 million SIPRI trend indicator values (2021)
- Arms imports (SIPRI trend indicator values), per capita 23.4 SIPRI trend indicator values per person (2021)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0013 SIPRI trend indicator values per US$ of GDP (2021)
- Arms imports (SIPRI trend indicator values), annual growth rate -34.78 % change on previous year (2016)
Frequently asked questions
- What is goods and services expense in Trinidad and Tobago?
- Goods and services expense in Trinidad and Tobago was 11.66 billion current LCU in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Trinidad and Tobago?
- The highest recorded value was 12.84 billion current LCU in 2014.
- What is the lowest goods and services expense recorded in Trinidad and Tobago?
- The lowest recorded value was 271.30 million current LCU in 1980.
- How does Trinidad and Tobago rank for goods and services expense?
- Trinidad and Tobago ranks 99th out of 155 countries with data for 2019.
- Is goods and services expense rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 55.8%. The long-run trend across the full record is volatile.
- Where does this Trinidad and Tobago data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.