Deposit interest rate in Trinidad and Tobago
Trinidad and Tobago: Deposit interest rate was 1.5% in 2024. ◆ Volatile
Deposit interest rate in Trinidad and Tobago, 1985–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
Trinidad and Tobago recorded 1.5% for deposit interest rate in 2024. That is the lowest value across all 40 years on record.
The figure is unchanged over ten years.
Over the whole period, deposit interest rate in Trinidad and Tobago peaked at 8.5% in 1999 and was at its lowest, 1.5%, in 2011.
That places Trinidad and Tobago 121st out of 152 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Deposit interest rate in Trinidad and Tobago, year by year
| Year | % | Change |
|---|---|---|
| 1985 | 5.3% | — |
| 1986 | 6.0% | +13.6% |
| 1987 | 6.0% | -0.1% |
| 1988 | 6.0% | +0.0% |
| 1989 | 6.3% | +4.0% |
| 1990 | 6.0% | -5.1% |
| 1991 | 5.8% | -2.8% |
| 1992 | 7.0% | +20.6% |
| 1993 | 7.1% | +1.1% |
| 1994 | 6.9% | -2.2% |
| 1995 | 6.4% | -7.1% |
| 1996 | 7.9% | +23.8% |
| 1997 | 6.9% | -13.0% |
| 1998 | 8.0% | +15.1% |
| 1999 | 8.5% | +7.0% |
| 2000 | 8.2% | -4.2% |
| 2001 | 7.7% | -6.0% |
| 2002 | 4.8% | -37.9% |
| 2003 | 2.9% | -38.8% |
| 2004 | 2.8% | -4.2% |
| 2005 | 2.2% | -21.3% |
| 2006 | 4.8% | +117.9% |
| 2007 | 5.9% | +23.2% |
| 2008 | 7.4% | +24.9% |
| 2009 | 3.4% | -53.6% |
| 2010 | 1.5% | -56.0% |
| 2011 | 1.5% | -0.3% |
| 2012 | 1.5% | +0.0% |
| 2013 | 1.5% | +0.0% |
| 2014 | 1.5% | +0.0% |
| 2015 | 1.5% | +0.0% |
| 2016 | 1.5% | +0.0% |
| 2017 | 1.5% | +0.0% |
| 2018 | 1.5% | +0.0% |
| 2019 | 1.5% | +0.0% |
| 2020 | 1.5% | +0.0% |
| 2021 | 1.5% | +0.0% |
| 2022 | 1.5% | +0.0% |
| 2023 | 1.5% | +0.0% |
| 2024 | 1.5% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.9% | 5.3% | 6.3% | 5 |
| 1990s | 7.0% | 5.8% | 8.5% | 10 |
| 2000s | 5.0% | 2.2% | 8.2% | 10 |
| 2010s | 1.5% | 1.5% | 1.5% | 10 |
| 2020s | 1.5% | 1.5% | 1.5% | 5 |
Countries ranked near Trinidad and Tobago
More financial sector data for Trinidad and Tobago
- Total reserves in months of imports, annual growth rate -23.81 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -13.8 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1086 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 2,061 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate -10.74 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 2,721 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate -8.67 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 2,868 SDR per person (2025)
Frequently asked questions
- What is deposit interest rate in Trinidad and Tobago?
- Deposit interest rate in Trinidad and Tobago was 1.5% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Trinidad and Tobago?
- The highest recorded value was 8.5% in 1999.
- What is the lowest deposit interest rate recorded in Trinidad and Tobago?
- The lowest recorded value was 1.5% in 2011.
- How does Trinidad and Tobago rank for deposit interest rate?
- Trinidad and Tobago ranks 121st out of 152 countries with data for 2024.
- Is deposit interest rate rising or falling in Trinidad and Tobago?
- Over the last ten years it is unchanged. The long-run trend across the full record is volatile.
- Where does this Trinidad and Tobago data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.