Private credit by deposit money banks and other financial in Trinidad and Tobago
Trinidad and Tobago: Private credit by deposit money banks and other financial was 60.0% in 2021. ▲ Rising
Private credit by deposit money banks and other financial in Trinidad and Tobago, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, private credit by deposit money banks and other financial in Trinidad and Tobago stood at 60.0%. That is the highest value across all 62 years on record.
The figure is up 3.3% on the previous year and up 103.6% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Trinidad and Tobago peaked at 60.0% in 2021 and was at its lowest, 7.9%, in 1961.
Trinidad and Tobago ranks 68th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 62 years of available data.
Private credit by deposit money banks and other financial in Trinidad and Tobago, year by year
| Year | % | 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 | 21.7% | +24.2% |
| 1971 | 21.9% | +1.2% |
| 1972 | 26.0% | +18.4% |
| 1973 | 24.4% | -6.1% |
| 1974 | 16.7% | -31.6% |
| 1975 | 19.3% | +15.7% |
| 1976 | 23.6% | +22.5% |
| 1977 | 27.1% | +14.4% |
| 1978 | 32.6% | +20.6% |
| 1979 | 29.6% | -9.3% |
| 1980 | 27.0% | -8.9% |
| 1981 | 30.0% | +11.2% |
| 1982 | 32.2% | +7.3% |
| 1983 | 39.7% | +23.4% |
| 1984 | 45.2% | +13.8% |
| 1985 | 46.7% | +3.4% |
| 1986 | 46.2% | -1.1% |
| 1987 | 48.2% | +4.4% |
| 1988 | 47.1% | -2.4% |
| 1989 | 44.3% | -5.8% |
| 1990 | 40.0% | -9.8% |
| 1991 | 44.5% | +11.4% |
| 1992 | 45.2% | +1.6% |
| 1993 | 43.4% | -4.0% |
| 1994 | 37.4% | -13.8% |
| 1995 | 40.1% | +7.3% |
| 1996 | 36.2% | -9.9% |
| 1997 | 41.8% | +15.4% |
| 1998 | 44.1% | +5.7% |
| 1999 | 42.9% | -2.7% |
| 2000 | 41.0% | -4.5% |
| 2001 | 39.6% | -3.3% |
| 2002 | 41.2% | +3.9% |
| 2003 | 34.1% | -17.2% |
| 2004 | 32.5% | -4.7% |
| 2005 | 32.4% | -0.2% |
| 2006 | 33.9% | +4.5% |
| 2007 | 32.6% | -3.8% |
| 2008 | 27.4% | -15.9% |
| 2009 | 37.6% | +37.1% |
| 2010 | 32.6% | -13.3% |
| 2011 | 29.5% | -9.5% |
| 2012 | 39.5% | +34.0% |
| 2013 | 39.6% | +0.2% |
| 2014 | 40.5% | +2.2% |
| 2015 | 46.6% | +15.1% |
| 2016 | 52.2% | +12.1% |
| 2017 | 50.6% | -3.1% |
| 2018 | 49.9% | -1.4% |
| 2019 | 52.4% | +5.0% |
| 2020 | 58.1% | +10.9% |
| 2021 | 60.0% | +3.3% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 60.0% is below the median for high income countries, which is 84.9%, 71% of the median. (62 countries reporting)
- Trinidad and Tobago's 60.0% is above the median for Latin America & Caribbean, which is 51.7%, 1.2× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 11.2% | 7.9% | 17.4% | 10 |
| 1970s | 24.3% | 16.7% | 32.6% | 10 |
| 1980s | 40.6% | 27.0% | 48.2% | 10 |
| 1990s | 41.6% | 36.2% | 45.2% | 10 |
| 2000s | 35.2% | 27.4% | 41.2% | 10 |
| 2010s | 43.3% | 29.5% | 52.4% | 10 |
| 2020s | 59.1% | 58.1% | 60.0% | 2 |
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 private credit by deposit money banks and other financial in Trinidad and Tobago?
- Private credit by deposit money banks and other financial in Trinidad and Tobago was 60.0% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Trinidad and Tobago?
- The highest recorded value was 60.0% in 2021.
- What is the lowest private credit by deposit money banks and other financial recorded in Trinidad and Tobago?
- The lowest recorded value was 7.9% in 1961.
- How does Trinidad and Tobago rank for private credit by deposit money banks and other financial?
- Trinidad and Tobago ranks 68th out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 103.6%. The long-run trend across the full record is rising.
- Where does this Trinidad and Tobago data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
Download this data
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF)