Loans from nonresident banks (amounts outstanding) to GDP in Trinidad and Tobago
Trinidad and Tobago: Loans from nonresident banks (amounts outstanding) to GDP was 18.5% in 2021. ◆ Volatile
Loans from nonresident banks (amounts outstanding) to GDP in Trinidad and Tobago, 1978–2021
Source: Bank for International Settlements (BIS). Measured in %.
Analysis
The most recent figure for loans from nonresident banks (amounts outstanding) to gdp in Trinidad and Tobago is 18.5%, measured in 2021.
That represents a change of up 76.5% over ten years.
Over the whole period, loans from nonresident banks (amounts outstanding) to gdp in Trinidad and Tobago peaked at 20.3% in 2016 and was at its lowest, 1.7%, in 1982.
Trinidad and Tobago ranks 70th of 136 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Loans from nonresident banks (amounts outstanding) to GDP in Trinidad and Tobago, year by year
| Year | % | Change |
|---|---|---|
| 1978 | 4.6% | — |
| 1979 | 3.4% | -26.4% |
| 1980 | 2.5% | -26.2% |
| 1981 | 2.1% | -16.0% |
| 1982 | 1.7% | -18.8% |
| 1983 | 1.7% | +0.3% |
| 1984 | 3.2% | +88.9% |
| 1985 | 5.5% | +68.4% |
| 1986 | 9.7% | +78.3% |
| 1987 | 14.6% | +50.5% |
| 1988 | 16.8% | +14.6% |
| 1989 | 14.8% | -12.0% |
| 1990 | 9.5% | -35.4% |
| 1991 | 8.9% | -6.3% |
| 1992 | 6.5% | -26.7% |
| 1993 | 8.8% | +34.5% |
| 1994 | 6.1% | -30.4% |
| 1995 | 5.7% | -7.2% |
| 1996 | 7.4% | +30.1% |
| 1997 | 5.7% | -23.4% |
| 1998 | 7.2% | +27.1% |
| 1999 | 9.8% | +35.5% |
| 2000 | 9.6% | -1.3% |
| 2001 | 10.6% | +9.9% |
| 2002 | 10.4% | -1.5% |
| 2003 | 8.3% | -19.9% |
| 2004 | 7.1% | -14.5% |
| 2005 | 5.9% | -17.4% |
| 2006 | 6.5% | +10.7% |
| 2007 | 9.7% | +48.7% |
| 2008 | 7.5% | -23.0% |
| 2009 | 13.9% | +85.6% |
| 2010 | 12.0% | -13.5% |
| 2011 | 10.5% | -12.9% |
| 2012 | 10.3% | -1.4% |
| 2013 | 11.4% | +10.1% |
| 2014 | 10.7% | -6.0% |
| 2015 | 11.7% | +9.7% |
| 2016 | 20.3% | +73.7% |
| 2017 | 19.6% | -3.5% |
| 2018 | 19.1% | -2.7% |
| 2019 | 15.5% | -18.9% |
| 2020 | 18.5% | +19.2% |
| 2021 | 18.5% | +0.0% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 18.5% is below the median for high income countries, which is 39.7%, 46% of the median. (62 countries reporting)
- Trinidad and Tobago's 18.5% is below the median for Latin America & Caribbean, which is 19.2%, 96% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.0% | 3.4% | 4.6% | 2 |
| 1980s | 7.3% | 1.7% | 16.8% | 10 |
| 1990s | 7.6% | 5.7% | 9.8% | 10 |
| 2000s | 9.0% | 5.9% | 13.9% | 10 |
| 2010s | 14.1% | 10.3% | 20.3% | 10 |
| 2020s | 18.5% | 18.5% | 18.5% | 2 |
Countries ranked near Trinidad and Tobago
- 67 Philippines 19.1% compare
- 68 Togo 19.0% compare
- 69 Paraguay 18.5% compare
- 71 Saudi Arabia 18.3% compare
- 72 Sri Lanka 18.1% compare
- 73 Turks and Caicos Islands 18.0% 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 loans from nonresident banks (amounts outstanding) to gdp in Trinidad and Tobago?
- Loans from nonresident banks (amounts outstanding) to gdp in Trinidad and Tobago was 18.5% in 2021, according to Bank for International Settlements (BIS).
- What is the highest loans from nonresident banks (amounts outstanding) to gdp recorded in Trinidad and Tobago?
- The highest recorded value was 20.3% in 2016.
- What is the lowest loans from nonresident banks (amounts outstanding) to gdp recorded in Trinidad and Tobago?
- The lowest recorded value was 1.7% in 1982.
- How does Trinidad and Tobago rank for loans from nonresident banks (amounts outstanding) to gdp?
- Trinidad and Tobago ranks 70th out of 136 countries with data for 2021.
- Is loans from nonresident banks (amounts outstanding) to gdp rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 76.5%. The long-run trend across the full record is volatile.
- Where does this Trinidad and Tobago data come from?
- The figures come from Bank for International Settlements (BIS), published as part of Loans from nonresident banks (amounts outstanding) to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Ratio of outstanding offshore bank loans to GDP. An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. Offshore bank loan data from BIS Statistical Appendix Table 7A: External loans and deposits of reporting banks vis-à-vis all sectors.