Lending interest rate in Trinidad and Tobago
Trinidad and Tobago: Lending interest rate was 7.5% in 2024. ▼ Falling
Lending interest rate in Trinidad and Tobago, 1979–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
Trinidad and Tobago recorded 7.5% for lending interest rate in 2024.
The figure is down 0.3% on the previous year and unchanged over ten years.
Over the whole period, lending interest rate in Trinidad and Tobago peaked at 17.3% in 1998 and was at its lowest, 6.6%, in 2020.
Trinidad and Tobago ranks 89th of 148 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 46 years of available data.
Lending interest rate in Trinidad and Tobago, year by year
| Year | % | Change |
|---|---|---|
| 1979 | 9.0% | — |
| 1980 | 10.0% | +11.1% |
| 1981 | 11.4% | +13.8% |
| 1982 | 11.5% | +1.1% |
| 1983 | 11.7% | +1.8% |
| 1984 | 12.8% | +8.9% |
| 1985 | 12.7% | -0.5% |
| 1986 | 12.0% | -5.4% |
| 1987 | 11.5% | -4.2% |
| 1988 | 12.6% | +9.4% |
| 1989 | 13.3% | +5.8% |
| 1990 | 12.9% | -3.3% |
| 1991 | 13.2% | +2.3% |
| 1992 | 15.3% | +16.4% |
| 1993 | 15.5% | +1.1% |
| 1994 | 16.0% | +3.1% |
| 1995 | 15.2% | -5.1% |
| 1996 | 15.8% | +4.1% |
| 1997 | 15.3% | -2.9% |
| 1998 | 17.3% | +13.0% |
| 1999 | 17.0% | -1.7% |
| 2000 | 16.5% | -3.2% |
| 2001 | 15.7% | -5.1% |
| 2002 | 12.5% | -20.3% |
| 2003 | 11.2% | -10.5% |
| 2004 | 9.3% | -16.6% |
| 2005 | 9.1% | -2.2% |
| 2006 | 10.9% | +19.9% |
| 2007 | 11.8% | +7.6% |
| 2008 | 12.4% | +5.9% |
| 2009 | 11.9% | -4.0% |
| 2010 | 9.3% | -22.2% |
| 2011 | 8.0% | -14.1% |
| 2012 | 7.7% | -3.3% |
| 2013 | 7.5% | -2.7% |
| 2014 | 7.5% | +0.0% |
| 2015 | 8.2% | +9.1% |
| 2016 | 9.0% | +10.0% |
| 2017 | 9.0% | +0.0% |
| 2018 | 9.1% | +1.0% |
| 2019 | 9.2% | +1.7% |
| 2020 | 6.6% | -29.1% |
| 2021 | 7.4% | +13.5% |
| 2022 | 7.5% | +0.7% |
| 2023 | 7.5% | +0.4% |
| 2024 | 7.5% | -0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.0% | 9.0% | 9.0% | 1 |
| 1980s | 11.9% | 10.0% | 13.3% | 10 |
| 1990s | 15.4% | 12.9% | 17.3% | 10 |
| 2000s | 12.1% | 9.1% | 16.5% | 10 |
| 2010s | 8.4% | 7.5% | 9.3% | 10 |
| 2020s | 7.3% | 6.6% | 7.5% | 5 |
Countries ranked near Trinidad and Tobago
- 87 Cape Verde 7.7% compare
- 88 Tonga 7.6% compare
- 90 Philippines 7.1% compare
- 91 Saint Vincent and the Grenadines 7.1% compare
- 92 Panama 6.9% compare
More financial sector data for Trinidad and Tobago
- Net domestic credit (current LCU), per capita 91,158 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 4.81 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 12.41 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 2.20 million SDR (2025)
- Gold reserves at market value 200.89 million SDR (2025)
- Reserves excluding gold, foreign exchange 2.82 billion SDR (2025)
- Reserves excluding gold 3.72 billion SDR (2025)
- Total reserves (gold at market value) 3.92 billion SDR (2025)
- Total reserves (gold at national valuation) 3.92 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,866 SDR per person (2025)
Frequently asked questions
- What is lending interest rate in Trinidad and Tobago?
- Lending interest rate in Trinidad and Tobago was 7.5% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest lending interest rate recorded in Trinidad and Tobago?
- The highest recorded value was 17.3% in 1998.
- What is the lowest lending interest rate recorded in Trinidad and Tobago?
- The lowest recorded value was 6.6% in 2020.
- How does Trinidad and Tobago rank for lending interest rate?
- Trinidad and Tobago ranks 89th out of 148 countries with data for 2024.
- Is lending 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 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 Lending interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.