Gross Domestic Product of Trinidad and Tobago at Market Prices (Current Prices) /Percentage Change/
| INDUSTRY | ISIC1 | 2018r | 2019r | 2020r | 2021p | Q4* 2021p | Q1* 2022p | 2022f |
|---|---|---|---|---|---|---|---|---|
| Agriculture, forestry and fishing | A | (10.8) | (21.7) | 25.7 | (4.3) | (10.0) | (5.7) | - |
| Mining and quarrying | B | 15.7 | (6.5) | (38.1) | 79.7 | 108.0 | 113.5 | 67.7 |
| Manufacturing | C | 8.2 | -10.5 | (18.2) | 48.5 | 73.1 | 57.2 | 19.9 |
| Food, beverages and tobacco products | CA | 19.6 | 5.1 | (5.4) | 9.1 | 15.5 | 36.2 | 18.1 |
| Textiles, clothing, leather, wood, paper and printing | CB-C | (0.1) | (2.5) | (8.6) | (4.4) | (1.7) | (0.2) | - |
| Petroleum and chemical products | CD-E | 5.0 | (22.6) | (31.6) | 109.7 | 184.7 | 95.0 | 23.0 |
| Other manufactured products | CF-M | (3.0) | 0.1 | (10.0) | 17.0 | (26.4) | (9.7) | - |
| Electricity and gas | D | 27.6 | (9.6) | (7.8) | 52.6 | 71.0 | 48.3 | - |
| Water supply and sewerage | E | 3.3 | 4.0 | (2.2) | 2.9 | 0.5 | (7.9) | - |
| Construction | F | 1.7 | (5.0) | (12.0) | 7.5 | 4.7 | (3.5) | (10.8) |
| Trade and repairs | G | (8.8) | 1.6 | (5.9) | (4.5) | (8.4) | 0.1 | 12.0 |
| Transport and storage | H | 4.1 | 2.8 | (27.7) | 2.2 | 21.8 | 18.8 | 15.5 |
| Accommodation and food services | I | 1.5 | 1.7 | (14.3) | (3.9) | 9.1 | 11.9 | - |
| Information and communication | J | 0.3 | 3.0 | (1.8) | (1.2) | 0.6 | 3.4 | - |
| Financial and insurance activities | K | -1.9 | 10.2 | (17.1) | 7.8 | 13.9 | 8.4 | 3.7 |
| Real estate activities | L | 1.5 | 2.0 | 1.6 | 0.9 | 1.0 | 1.1 | - |
| Professional, scientific and technical services | M | 19.1 | 7.2 | 1.2 | (1.3) | (1.2) | (0.7) | - |
| Administrative and support services | N | 1.5 | 0.8 | (0.8) | 0.7 | 1.5 | 1.7 | - |
| Public administration | O | (2.5) | (0.3) | 0.0 | (2.8) | (0.4) | 1.3 | (1.6) |
| Education | P | (2.2) | 3.6 | (1.2) | (0.8) | (0.4) | (0.4) | - |
| Human health and social work | Q | (0.4) | 14.7 | 3.4 | 2.0 | 2.3 | 2.1 | - |
| Arts, entertainment and recreation | R | 1.1 | 0.5 | (0.2) | 0.3 | 0.4 | (2.6) | - |
| Other service activities | S | 3.8 | 3.6 | (0.2) | 13.4 | 30.7 | 19.3 | - |
| Domestic services | T | 1.1 | 1.2 | 1.1 | 1.0 | 0.9 | 0.8 | - |
| Less FISIM2 | 2.5 | 1.8 | (2.1) | (5.1) | (4.7) | (2.7) | - | |
| GDP AT BASIC PRICES3 | 1.6 | (1.9) | (13.0) | 16.2 | 23.2 | 27.5 | - | |
| Taxes less subsidies on products | 14.6 | (9.6) | 20.1 | 18.6 | N/A | N/A | - | |
| GDP AT PURCHASER PRICES4 | 2.1 | (2.2) | (11.7) | 16.3 | N/A | N/A | 15.4 | |
| Of which5 | ||||||||
| Crude oil exploration and extraction | 15.2 | (8.3) | (36.0) | 78.7 | 102.0 | 72.5 | 40.4 | |
| Condensate extraction | (12.1) | (2.2) | (36.2) | 46.3 | 24.8 | 17.4 | 19.3 | |
| Natural gas exploration and extraction | 25.9 | (5.6) | (39.8) | 93.6 | 146.5 | 179.4 | 99.0 | |
| Asphalt | 42.5 | (26.0) | 36.8 | (17.7) | (26.8) | (54.9) | - | |
| Petroleum support services | (3.3) | (10.6) | (45.4) | 51.5 | (4.2) | (48.3) | - | |
| Refining (incl. LNG) | (6.8) | (35.5) | (49.3) | 89.1 | 261.2 | 99.5 | - | |
| Manufacture of Petrochemicals | 17.8 | (13.7) | (23.8) | 132.4 | 182.2 | 100.9 | 29.8 | |
| Petroleum and natural gas distribution | 27.0 | (6.2) | (16.6) | 84.2 | 118.2 | 71.2 | - | |
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