Bank deposits to GDP in Trinidad and Tobago
Trinidad and Tobago: Bank deposits to GDP was 76.9% in 2021. ▲ Rising
Bank deposits to GDP in Trinidad and Tobago, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Trinidad and Tobago recorded 76.9% for bank deposits to gdp in 2021. That is the highest value across all 62 years on record.
The figure is up 1.8% on the previous year and up 73.3% over ten years.
Over the whole period, bank deposits to gdp in Trinidad and Tobago peaked at 76.9% in 2021 and was at its lowest, 17.9%, in 1964.
Trinidad and Tobago ranks 60th of 185 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 62 years of available data.
Bank deposits to GDP in Trinidad and Tobago, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 18.0% | — |
| 1961 | 18.6% | +3.4% |
| 1962 | 18.1% | -2.7% |
| 1963 | 19.7% | +8.6% |
| 1964 | 17.9% | -9.2% |
| 1965 | 18.0% | +0.8% |
| 1966 | 20.5% | +13.6% |
| 1967 | 20.6% | +0.7% |
| 1968 | 20.6% | +0.2% |
| 1969 | 23.4% | +13.3% |
| 1970 | 26.3% | +12.4% |
| 1971 | 30.4% | +15.5% |
| 1972 | 30.8% | +1.6% |
| 1973 | 29.0% | -6.0% |
| 1974 | 23.2% | -19.8% |
| 1975 | 23.6% | +1.5% |
| 1976 | 27.7% | +17.4% |
| 1977 | 28.3% | +2.1% |
| 1978 | 30.9% | +9.5% |
| 1979 | 30.8% | -0.4% |
| 1980 | 25.6% | -16.9% |
| 1981 | 29.3% | +14.7% |
| 1982 | 33.9% | +15.5% |
| 1983 | 38.0% | +12.1% |
| 1984 | 40.5% | +6.8% |
| 1985 | 42.4% | +4.6% |
| 1986 | 42.8% | +0.9% |
| 1987 | 44.5% | +4.0% |
| 1988 | 44.9% | +0.9% |
| 1989 | 45.1% | +0.5% |
| 1990 | 40.8% | -9.5% |
| 1991 | 40.0% | -2.0% |
| 1992 | 36.3% | -9.3% |
| 1993 | 39.1% | +7.8% |
| 1994 | 39.1% | -0.1% |
| 1995 | 37.5% | -4.0% |
| 1996 | 42.6% | +13.5% |
| 1997 | 45.6% | +7.1% |
| 1998 | 48.2% | +5.7% |
| 1999 | 44.2% | -8.2% |
| 2000 | 42.1% | -4.8% |
| 2001 | 42.3% | +0.4% |
| 2002 | 43.4% | +2.6% |
| 2003 | 33.5% | -22.8% |
| 2004 | 33.3% | -0.4% |
| 2005 | 35.2% | +5.6% |
| 2006 | 37.1% | +5.4% |
| 2007 | 34.5% | -6.9% |
| 2008 | 31.5% | -8.7% |
| 2009 | 59.1% | +87.8% |
| 2010 | 50.3% | -14.9% |
| 2011 | 44.4% | -11.8% |
| 2012 | 49.9% | +12.3% |
| 2013 | 49.2% | -1.2% |
| 2014 | 53.1% | +7.8% |
| 2015 | 59.4% | +11.9% |
| 2016 | 65.4% | +10.2% |
| 2017 | 60.6% | -7.4% |
| 2018 | 61.0% | +0.6% |
| 2019 | 64.1% | +5.1% |
| 2020 | 75.6% | +17.9% |
| 2021 | 76.9% | +1.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 19.5% | 17.9% | 23.4% | 10 |
| 1970s | 28.1% | 23.2% | 30.9% | 10 |
| 1980s | 38.7% | 25.6% | 45.1% | 10 |
| 1990s | 41.3% | 36.3% | 48.2% | 10 |
| 2000s | 39.2% | 31.5% | 59.1% | 10 |
| 2010s | 55.7% | 44.4% | 65.4% | 10 |
| 2020s | 76.2% | 75.6% | 76.9% | 2 |
Countries ranked near Trinidad and Tobago
More financial sector data for Trinidad and Tobago
- Reserve position in the IMF, US dollar, annual growth rate 4.78 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0062 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 118.45 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate -0.2193 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0046 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 86.49 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 4.78 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0062 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 118.45 units per person (2025)
- Reserve tranche position, SDR, annual growth rate -0.2193 % change on previous year (2025)
Frequently asked questions
- What is bank deposits to gdp in Trinidad and Tobago?
- Bank deposits to gdp in Trinidad and Tobago was 76.9% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank deposits to gdp recorded in Trinidad and Tobago?
- The highest recorded value was 76.9% in 2021.
- What is the lowest bank deposits to gdp recorded in Trinidad and Tobago?
- The lowest recorded value was 17.9% in 1964.
- How does Trinidad and Tobago rank for bank deposits to gdp?
- Trinidad and Tobago ranks 60th out of 185 countries with data for 2021.
- Is bank deposits to gdp rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 73.3%. The long-run trend across the full record is rising.
- Where does this Trinidad and Tobago data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).