Current account balance (credit less debit), Net (credits less debits) in Trinidad and Tobago
Trinidad and Tobago: Current account balance (credit less debit), Net (credits less debits) was 1.23 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Trinidad and Tobago, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, current account balance (credit less debit), net (credits less debits) in Trinidad and Tobago stood at 1.23 billion.
Compared with earlier readings it is down 58.2% on the previous year and down 70.3% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Trinidad and Tobago peaked at 8.50 billion in 2008 and was at its lowest, -1.36 billion, in 2020.
Trinidad and Tobago ranks 54th of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less debits) in Trinidad and Tobago, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 3.88 billion | — |
| 2006 | 7.12 billion | +83.6% |
| 2007 | 5.17 billion | -27.5% |
| 2008 | 8.50 billion | +64.5% |
| 2009 | 1.63 billion | -80.8% |
| 2010 | 4.17 billion | +155.5% |
| 2011 | 4.71 billion | +12.8% |
| 2012 | 3.87 billion | -17.9% |
| 2013 | 5.57 billion | +44.1% |
| 2014 | 4.15 billion | -25.4% |
| 2015 | 2.06 billion | -50.5% |
| 2016 | -776.38 million | -137.7% |
| 2017 | 1.41 billion | -281.5% |
| 2018 | 1.63 billion | +15.4% |
| 2019 | 1.02 billion | -37.3% |
| 2020 | -1.36 billion | -233.0% |
| 2021 | 2.63 billion | -293.8% |
| 2022 | 4.97 billion | +88.9% |
| 2023 | 2.95 billion | -40.6% |
| 2024 | 1.23 billion | -58.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.26 billion | 1.63 billion | 8.50 billion | 5 |
| 2010s | 2.78 billion | -776.38 million | 5.57 billion | 10 |
| 2020s | 2.08 billion | -1.36 billion | 4.97 billion | 5 |
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 current account balance (credit less debit), net (credits less debits) in Trinidad and Tobago?
- Current account balance (credit less debit), net (credits less debits) in Trinidad and Tobago was 1.23 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Trinidad and Tobago?
- The highest recorded value was 8.50 billion in 2008.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Trinidad and Tobago?
- The lowest recorded value was -1.36 billion in 2020.
- How does Trinidad and Tobago rank for current account balance (credit less debit), net (credits less debits)?
- Trinidad and Tobago ranks 54th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 70.3%. The long-run trend across the full record is volatile.
- Where does this Trinidad and Tobago data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.