Domestic credit provided by financial sector in Trinidad and Tobago
Trinidad and Tobago: Domestic credit provided by financial sector was 33.1% in 2009. ◆ Volatile
Domestic credit provided by financial sector in Trinidad and Tobago, 1975–2009
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2009, domestic credit provided by financial sector in Trinidad and Tobago stood at 33.1%.
That represents a change of up 127.9% on the previous year and down 37.5% over ten years.
Over the whole period, domestic credit provided by financial sector in Trinidad and Tobago peaked at 69.2% in 1988 and was at its lowest, -9.3%, in 1977.
Trinidad and Tobago ranks 54th of 65 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit provided by financial sector in Trinidad and Tobago, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1975 | -0.4% | — |
| 1976 | -2.1% | +380.9% |
| 1977 | -9.3% | +348.7% |
| 1978 | -5.4% | -41.6% |
| 1979 | -1.7% | -69.0% |
| 1980 | -4.6% | +171.0% |
| 1981 | -1.5% | -67.1% |
| 1982 | 17.6% | -1273.0% |
| 1983 | 35.6% | +101.7% |
| 1984 | 46.7% | +31.3% |
| 1985 | 50.5% | +8.2% |
| 1986 | 59.2% | +17.1% |
| 1987 | 66.8% | +12.9% |
| 1988 | 69.2% | +3.5% |
| 1989 | 67.3% | -2.8% |
| 1990 | 58.5% | -13.1% |
| 1991 | 62.7% | +7.3% |
| 1992 | 64.0% | +2.1% |
| 1993 | 60.6% | -5.5% |
| 1994 | 48.0% | -20.7% |
| 1995 | 53.8% | +12.0% |
| 1996 | 51.0% | -5.3% |
| 1997 | 57.6% | +12.9% |
| 1998 | 56.1% | -2.5% |
| 1999 | 53.1% | -5.5% |
| 2000 | 45.2% | -14.8% |
| 2001 | 40.4% | -10.5% |
| 2002 | 44.4% | +9.8% |
| 2003 | 35.9% | -19.2% |
| 2004 | 28.3% | -21.0% |
| 2005 | 23.1% | -18.6% |
| 2006 | 18.7% | -18.7% |
| 2007 | 23.0% | +22.5% |
| 2008 | 14.5% | -36.7% |
| 2009 | 33.1% | +127.9% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 33.1% is below the median for high income countries, which is 84.0%, 39% of the median. (14 countries reporting)
- Trinidad and Tobago's 33.1% is below the median for Latin America & Caribbean, which is 65.9%, 50% of the median. (20 countries reporting)
Biggest year-on-year movements
Years where Domestic credit provided by financial sector in Trinidad and Tobago changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1982 | +1273.0% | -1.5% | 17.6% |
| 1976 | -380.9% | -0.4% | -2.1% |
| 1977 | -348.7% | -2.1% | -9.3% |
| 1980 | -171.0% | -1.7% | -4.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -3.8% | -9.3% | -0.4% | 5 |
| 1980s | 40.7% | -4.6% | 69.2% | 10 |
| 1990s | 56.5% | 48.0% | 64.0% | 10 |
| 2000s | 30.7% | 14.5% | 45.2% | 10 |
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 domestic credit provided by financial sector in Trinidad and Tobago?
- Domestic credit provided by financial sector in Trinidad and Tobago was 33.1% in 2009, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit provided by financial sector recorded in Trinidad and Tobago?
- The highest recorded value was 69.2% in 1988.
- What is the lowest domestic credit provided by financial sector recorded in Trinidad and Tobago?
- The lowest recorded value was -9.3% in 1977.
- How does Trinidad and Tobago rank for domestic credit provided by financial sector?
- Trinidad and Tobago ranks 54th out of 65 countries with data for 2009.
- Is domestic credit provided by financial sector rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 37.5%. 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 Domestic credit provided by financial sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.