Discount Rate, Percent per annum in Trinidad and Tobago
Trinidad and Tobago: Discount Rate, Percent per annum was 5.5 in 2022. ▲ Rising
Latest (2022)
5.5
Change on year
unchanged
World rank
33rd
of 70 countries
All-time high
13
in 1992
All-time low
4.75
in 2012
Years of data
56
1967–2022
Discount Rate, Percent per annum in Trinidad and Tobago, 1967–2022
Source: International Monetary Fund.
Analysis
The most recent figure for discount rate, percent per annum in Trinidad and Tobago is 5.5, measured in 2022.
The figure is up 15.8% over ten years.
Over the whole period, discount rate, percent per annum in Trinidad and Tobago peaked at 13 in 1992 and was at its lowest, 4.75, in 2012.
That places Trinidad and Tobago 33rd out of 70 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently rising across the 56 years of available data.
Discount Rate, Percent per annum in Trinidad and Tobago, year by year
| Year | Value | Change |
|---|---|---|
| 1967 | 6.5 | — |
| 1968 | 6 | -7.7% |
| 1969 | 6 | +0.0% |
| 1970 | 6 | +0.0% |
| 1971 | 5 | -16.7% |
| 1972 | 5 | +0.0% |
| 1973 | 6 | +20.0% |
| 1974 | 6 | +0.0% |
| 1975 | 6 | +0.0% |
| 1976 | 6 | +0.0% |
| 1977 | 6 | +0.0% |
| 1978 | 6 | +0.0% |
| 1979 | 6 | +0.0% |
| 1980 | 6 | +0.0% |
| 1981 | 6 | +0.0% |
| 1982 | 6 | +0.0% |
| 1983 | 7.5 | +25.0% |
| 1984 | 7.5 | +0.0% |
| 1985 | 7.5 | +0.0% |
| 1986 | 5.97 | -20.4% |
| 1987 | 7.5 | +25.6% |
| 1988 | 9.5 | +26.7% |
| 1989 | 9.5 | +0.0% |
| 1990 | 9.5 | +0.0% |
| 1991 | 11.5 | +21.1% |
| 1992 | 13 | +13.0% |
| 1993 | 13 | +0.0% |
| 1994 | 13 | +0.0% |
| 1995 | 13 | +0.0% |
| 1996 | 13 | +0.0% |
| 1997 | 13 | +0.0% |
| 1998 | 13 | +0.0% |
| 1999 | 13 | +0.0% |
| 2000 | 13 | +0.0% |
| 2001 | 13 | +0.0% |
| 2002 | 7.25 | -44.2% |
| 2003 | 7 | -3.4% |
| 2004 | 7 | +0.0% |
| 2005 | 8 | +14.3% |
| 2006 | 10 | +25.0% |
| 2007 | 10 | +0.0% |
| 2008 | 10.75 | +7.5% |
| 2009 | 7.25 | -32.6% |
| 2010 | 5.75 | -20.7% |
| 2011 | 5 | -13.0% |
| 2012 | 4.75 | -5.0% |
| 2013 | 4.75 | +0.0% |
| 2014 | 5.25 | +10.5% |
| 2015 | 6.75 | +28.6% |
| 2016 | 6.75 | +0.0% |
| 2017 | 6.75 | +0.0% |
| 2018 | 7 | +3.7% |
| 2019 | 7 | +0.0% |
| 2020 | 5.5 | -21.4% |
| 2021 | 5.5 | +0.0% |
| 2022 | 5.5 | +0.0% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 5.5 is above the median for high income countries, which is 3.35, 1.6× the median. (15 countries reporting)
- Trinidad and Tobago's 5.5 is below the median for Latin America & Caribbean, which is 6.75, 81% of the median. (18 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.17 | 6 | 6.5 | 3 |
| 1970s | 5.8 | 5 | 6 | 10 |
| 1980s | 7.3 | 5.97 | 9.5 | 10 |
| 1990s | 12.5 | 9.5 | 13 | 10 |
| 2000s | 9.32 | 7 | 13 | 10 |
| 2010s | 5.97 | 4.75 | 7 | 10 |
| 2020s | 5.5 | 5.5 | 5.5 | 3 |
Countries ranked near Trinidad and Tobago
- 32 Jordan 6.75 compare
- 34 North Macedonia 5.35 compare
- 35 Seychelles 5.13 compare
- 36 Syria 5 compare
- 36 Tanzania 5 compare
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 discount rate, percent per annum in Trinidad and Tobago?
- Discount rate, percent per annum in Trinidad and Tobago was 5.5 in 2022, according to International Monetary Fund.
- What is the highest discount rate, percent per annum recorded in Trinidad and Tobago?
- The highest recorded value was 13 in 1992.
- What is the lowest discount rate, percent per annum recorded in Trinidad and Tobago?
- The lowest recorded value was 4.75 in 2012.
- How does Trinidad and Tobago rank for discount rate, percent per annum?
- Trinidad and Tobago ranks 33rd out of 70 countries with data for 2022.
- Is discount rate, percent per annum rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 15.8%. The long-run trend across the full record is rising.
- Where does this Trinidad and Tobago data come from?
- The figures come from International Monetary Fund, published as part of Discount Rate, Percent per annum. Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.