Domestic credit to private sector in Trinidad and Tobago
Trinidad and Tobago: Domestic credit to private sector was 45.4% in 2020. ▲ Rising
Domestic credit to private sector in Trinidad and Tobago, 1960–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
In 2020, domestic credit to private sector in Trinidad and Tobago stood at 45.4%.
That represents a change of up 11.3% on the previous year and up 47.1% over ten years.
Over the whole period, domestic credit to private sector in Trinidad and Tobago peaked at 47.4% in 2001 and was at its lowest, 7.9%, in 1961.
Trinidad and Tobago ranks 101st of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 61 years of available data.
Domestic credit to private sector in Trinidad and Tobago, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 8.5% | — |
| 1961 | 7.9% | -6.4% |
| 1962 | 8.8% | +11.0% |
| 1963 | 8.2% | -6.8% |
| 1964 | 9.6% | +17.2% |
| 1965 | 11.4% | +18.5% |
| 1966 | 12.8% | +12.5% |
| 1967 | 13.9% | +8.8% |
| 1968 | 13.4% | -4.0% |
| 1969 | 17.4% | +30.5% |
| 1970 | 20.1% | +15.3% |
| 1971 | 20.4% | +1.5% |
| 1972 | 24.2% | +18.3% |
| 1973 | 22.8% | -5.5% |
| 1974 | 15.9% | -30.5% |
| 1975 | 16.8% | +5.5% |
| 1976 | 20.5% | +22.2% |
| 1977 | 23.4% | +14.2% |
| 1978 | 27.4% | +17.1% |
| 1979 | 24.9% | -9.2% |
| 1980 | 22.1% | -11.0% |
| 1981 | 24.2% | +9.3% |
| 1982 | 25.0% | +3.6% |
| 1983 | 30.4% | +21.5% |
| 1984 | 32.6% | +7.2% |
| 1985 | 32.3% | -0.9% |
| 1986 | 34.3% | +6.0% |
| 1987 | 35.5% | +3.5% |
| 1988 | 34.1% | -3.8% |
| 1989 | 33.6% | -1.4% |
| 1990 | 29.8% | -11.3% |
| 1991 | 33.7% | +13.0% |
| 1992 | 33.4% | -1.1% |
| 1993 | 32.0% | -4.1% |
| 1994 | 26.0% | -18.7% |
| 1995 | 27.6% | +6.0% |
| 1996 | 28.3% | +2.7% |
| 1997 | 33.1% | +17.0% |
| 1998 | 35.4% | +6.9% |
| 1999 | 33.9% | -4.3% |
| 2000 | 31.9% | -5.9% |
| 2001 | 47.4% | +48.6% |
| 2002 | 47.2% | -0.6% |
| 2003 | 39.3% | -16.6% |
| 2004 | 38.0% | -3.5% |
| 2005 | 33.5% | -11.8% |
| 2006 | 32.7% | -2.4% |
| 2007 | 32.1% | -2.0% |
| 2008 | 26.7% | -16.7% |
| 2009 | 36.0% | +34.6% |
| 2010 | 30.8% | -14.2% |
| 2011 | 28.1% | -8.8% |
| 2012 | 28.4% | +1.0% |
| 2013 | 27.9% | -1.9% |
| 2014 | 29.5% | +5.9% |
| 2015 | 34.7% | +17.5% |
| 2016 | 38.7% | +11.5% |
| 2017 | 38.5% | -0.4% |
| 2018 | 39.0% | +1.3% |
| 2019 | 40.7% | +4.4% |
| 2020 | 45.4% | +11.3% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 45.4% is below the median for high income countries, which is 82.3%, 55% of the median. (61 countries reporting)
- Trinidad and Tobago's 45.4% is below the median for Latin America & Caribbean, which is 54.3%, 84% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 11.2% | 7.9% | 17.4% | 10 |
| 1970s | 21.6% | 15.9% | 27.4% | 10 |
| 1980s | 30.4% | 22.1% | 35.5% | 10 |
| 1990s | 31.3% | 26.0% | 35.4% | 10 |
| 2000s | 36.5% | 26.7% | 47.4% | 10 |
| 2010s | 33.6% | 27.9% | 40.7% | 10 |
| 2020s | 45.4% | 45.4% | 45.4% | 1 |
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 to private sector in Trinidad and Tobago?
- Domestic credit to private sector in Trinidad and Tobago was 45.4% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Trinidad and Tobago?
- The highest recorded value was 47.4% in 2001.
- What is the lowest domestic credit to private sector recorded in Trinidad and Tobago?
- The lowest recorded value was 7.9% in 1961.
- How does Trinidad and Tobago rank for domestic credit to private sector?
- Trinidad and Tobago ranks 101st out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 47.1%. The long-run trend across the full record is rising.
- Where does this Trinidad and Tobago data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.