Interest rate spread in Trinidad and Tobago
Trinidad and Tobago: Interest rate spread was 6.0% in 2024. ▼ Falling
Interest rate spread in Trinidad and Tobago, 1985–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
In 2024, interest rate spread in Trinidad and Tobago stood at 6.0%.
The figure is down 0.3% on the previous year and unchanged over ten years.
Over the whole period, interest rate spread in Trinidad and Tobago peaked at 9.4% in 1998 and was at its lowest, 5.1%, in 2020.
That places Trinidad and Tobago 55th out of 141 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 40 years of available data.
Interest rate spread in Trinidad and Tobago, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1985 | 7.4% | — |
| 1986 | 6.0% | -19.1% |
| 1987 | 5.5% | -8.3% |
| 1988 | 6.5% | +19.8% |
| 1989 | 7.0% | +7.5% |
| 1990 | 6.9% | -1.8% |
| 1991 | 7.4% | +6.7% |
| 1992 | 8.3% | +13.1% |
| 1993 | 8.4% | +1.1% |
| 1994 | 9.1% | +7.5% |
| 1995 | 8.8% | -3.5% |
| 1996 | 7.9% | -10.3% |
| 1997 | 8.4% | +7.3% |
| 1998 | 9.4% | +11.3% |
| 1999 | 8.5% | -9.0% |
| 2000 | 8.3% | -2.1% |
| 2001 | 8.0% | -4.1% |
| 2002 | 7.7% | -3.6% |
| 2003 | 8.3% | +6.9% |
| 2004 | 6.5% | -21.0% |
| 2005 | 6.9% | +5.9% |
| 2006 | 6.1% | -11.3% |
| 2007 | 5.8% | -4.5% |
| 2008 | 5.1% | -13.4% |
| 2009 | 8.5% | +68.1% |
| 2010 | 7.8% | -8.7% |
| 2011 | 6.5% | -16.8% |
| 2012 | 6.2% | -4.0% |
| 2013 | 6.0% | -3.4% |
| 2014 | 6.0% | +0.0% |
| 2015 | 6.7% | +11.4% |
| 2016 | 7.5% | +12.2% |
| 2017 | 7.5% | +0.0% |
| 2018 | 7.6% | +1.2% |
| 2019 | 7.8% | +2.1% |
| 2020 | 5.1% | -34.8% |
| 2021 | 5.9% | +17.5% |
| 2022 | 6.0% | +0.9% |
| 2023 | 6.0% | +0.5% |
| 2024 | 6.0% | -0.3% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 6.0% is above the median for high income countries, which is 3.1%, 2.0× the median. (38 countries reporting)
- Trinidad and Tobago's 6.0% is below the median for Latin America & Caribbean, which is 6.1%, 98% of the median. (31 countries reporting)
Biggest year-on-year movements
Years where Interest rate spread 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 |
|---|---|---|---|
| 2009 | +68.1% | 5.1% | 8.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.5% | 5.5% | 7.4% | 5 |
| 1990s | 8.3% | 6.9% | 9.4% | 10 |
| 2000s | 7.1% | 5.1% | 8.5% | 10 |
| 2010s | 6.9% | 6.0% | 7.8% | 10 |
| 2020s | 5.8% | 5.1% | 6.0% | 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 interest rate spread in Trinidad and Tobago?
- Interest rate spread in Trinidad and Tobago was 6.0% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Trinidad and Tobago?
- The highest recorded value was 9.4% in 1998.
- What is the lowest interest rate spread recorded in Trinidad and Tobago?
- The lowest recorded value was 5.1% in 2020.
- How does Trinidad and Tobago rank for interest rate spread?
- Trinidad and Tobago ranks 55th out of 141 countries with data for 2024.
- Is interest rate spread rising or falling in Trinidad and Tobago?
- Over the last ten years it is unchanged. The long-run trend across the full record is falling.
- 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 Interest rate spread (lending rate minus deposit rate, %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 40 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest 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.