Private credit by deposit money banks to GDP in Trinidad and Tobago
Trinidad and Tobago: Private credit by deposit money banks to GDP was 46.1% in 2021. ▲ Rising
Private credit by deposit money banks to GDP in Trinidad and Tobago, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Trinidad and Tobago recorded 46.1% for private credit by deposit money banks to gdp in 2021. That is the highest value across all 62 years on record.
Compared with earlier readings it is up 1.8% on the previous year and up 66.2% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Trinidad and Tobago peaked at 46.1% in 2021 and was at its lowest, 7.9%, in 1961.
Trinidad and Tobago ranks 98th 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 to GDP 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 | 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 | 28.2% | +2.1% |
| 1997 | 33.0% | +17.2% |
| 1998 | 35.3% | +7.0% |
| 1999 | 33.8% | -4.2% |
| 2000 | 31.8% | -5.8% |
| 2001 | 30.8% | -3.4% |
| 2002 | 31.3% | +1.9% |
| 2003 | 25.4% | -19.0% |
| 2004 | 26.2% | +3.2% |
| 2005 | 27.6% | +5.5% |
| 2006 | 29.4% | +6.3% |
| 2007 | 29.1% | -1.1% |
| 2008 | 25.1% | -13.6% |
| 2009 | 34.7% | +38.3% |
| 2010 | 30.4% | -12.3% |
| 2011 | 27.7% | -8.9% |
| 2012 | 28.4% | +2.3% |
| 2013 | 27.9% | -1.9% |
| 2014 | 29.5% | +5.9% |
| 2015 | 34.7% | +17.5% |
| 2016 | 38.6% | +11.4% |
| 2017 | 38.5% | -0.4% |
| 2018 | 38.9% | +1.2% |
| 2019 | 40.7% | +4.5% |
| 2020 | 45.3% | +11.4% |
| 2021 | 46.1% | +1.8% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 46.1% is below the median for high income countries, which is 79.1%, 58% of the median. (62 countries reporting)
- Trinidad and Tobago's 46.1% is below the median for Latin America & Caribbean, which is 50.9%, 90% 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% | 35.3% | 10 |
| 2000s | 29.1% | 25.1% | 34.7% | 10 |
| 2010s | 33.5% | 27.7% | 40.7% | 10 |
| 2020s | 45.7% | 45.3% | 46.1% | 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 to gdp in Trinidad and Tobago?
- Private credit by deposit money banks to gdp in Trinidad and Tobago was 46.1% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks to gdp recorded in Trinidad and Tobago?
- The highest recorded value was 46.1% in 2021.
- What is the lowest private credit by deposit money banks to gdp 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 to gdp?
- Trinidad and Tobago ranks 98th out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 66.2%. 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 to GDP (%). Statizoid updates them automatically from the source API.
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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 (IFS line 22d); 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).