In 2023, the GDP composition of Trinidad and Tobago was primarily dominated by the Mining, Manufacturing, and Utilities sector, comprising 31.13% of GDP. The Services sector followed at 28.45%, while Wholesale, Retail Trade, Restaurants, and Hotels made up 26.67%. Transport, Storage, and Communication contributed 6.7%, with Construction at 6.66%. Agriculture, Hunting, Forestry, and Fishing accounted for a mere 0.39%. Over the previous years, these sectors have experienced varied growth patterns, with Mining and Manufacturing mostly stable, while Services and Wholesale sectors showed slight upward trends.
Future trends to watch include:
- Potential growth in the Services sector as Trinidad and Tobago diversifies economy.
- Stability in Mining and Manufacturing as global commodity prices influence output.
- Incremental growth in Construction tied to infrastructure projects.
- Minimal impact expected in Agriculture given its small GDP share.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Mining, Manufacturing, Utilities | 31.13 | 2016 | |
| 2 | 2 Services | 28.45 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 26.67 | 2016 | |
| 4 | 4 Transport, storage and communication | 6.7 | 2016 | |
| 5 | 5 Construction | 6.66 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 0.39 | 2016 |
