Real interest rate in Trinidad and Tobago
Trinidad and Tobago: Real interest rate was 7.6% in 2024. ◆ Volatile
Real interest rate in Trinidad and Tobago, 1979–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for real interest rate in Trinidad and Tobago is 7.6%, measured in 2024.
The figure is down 67.6% on the previous year and down 10.8% over ten years.
Over the whole period, real interest rate in Trinidad and Tobago peaked at 54.7% in 2009 and was at its lowest, -12.6%, in 1979.
That places Trinidad and Tobago 42nd out of 148 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Real interest rate in Trinidad and Tobago, year by year
| Year | % | Change |
|---|---|---|
| 1979 | -12.6% | — |
| 1980 | -10.4% | -17.6% |
| 1981 | 3.9% | -137.4% |
| 1982 | -0.6% | -115.2% |
| 1983 | 5.1% | -958.0% |
| 1984 | 6.4% | +25.6% |
| 1985 | 11.3% | +77.9% |
| 1986 | 13.4% | +18.6% |
| 1987 | 6.3% | -52.7% |
| 1988 | 8.1% | +27.6% |
| 1989 | 5.7% | -29.3% |
| 1990 | -2.3% | -139.7% |
| 1991 | 11.4% | -603.5% |
| 1992 | 23.9% | +109.3% |
| 1993 | 6.1% | -74.3% |
| 1994 | 2.4% | -61.1% |
| 1995 | 10.6% | +341.0% |
| 1996 | 13.7% | +29.7% |
| 1997 | 19.6% | +43.0% |
| 1998 | 19.6% | -0.1% |
| 1999 | 12.2% | -37.5% |
| 2000 | 4.0% | -67.4% |
| 2001 | 12.5% | +214.8% |
| 2002 | 18.6% | +48.8% |
| 2003 | 0.6% | -96.7% |
| 2004 | 0.4% | -36.8% |
| 2005 | -3.7% | -1046.1% |
| 2006 | 9.0% | -342.7% |
| 2007 | -0.9% | -109.8% |
| 2008 | -9.2% | +932.3% |
| 2009 | 54.7% | -696.1% |
| 2010 | -3.1% | -105.6% |
| 2011 | -6.7% | +119.1% |
| 2012 | 7.3% | -209.4% |
| 2013 | 5.4% | -26.3% |
| 2014 | 8.6% | +58.2% |
| 2015 | 18.9% | +120.9% |
| 2016 | 9.5% | -49.7% |
| 2017 | 1.1% | -88.3% |
| 2018 | 8.0% | +614.9% |
| 2019 | 11.9% | +49.7% |
| 2020 | 9.3% | -22.1% |
| 2021 | -8.1% | -187.4% |
| 2022 | -7.3% | -10.3% |
| 2023 | 23.6% | -423.8% |
| 2024 | 7.6% | -67.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -12.6% | -12.6% | -12.6% | 1 |
| 1980s | 4.9% | -10.4% | 13.4% | 10 |
| 1990s | 11.7% | -2.3% | 23.9% | 10 |
| 2000s | 8.6% | -9.2% | 54.7% | 10 |
| 2010s | 6.1% | -6.7% | 18.9% | 10 |
| 2020s | 5.0% | -8.1% | 23.6% | 5 |
Countries ranked near Trinidad and Tobago
- 39 Uzbekistan 7.9% compare
- 40 Peru 7.7% compare
- 41 South Africa 7.7% compare
- 43 Costa Rica 7.5% compare
- 44 Belize 7.3% compare
- 45 Rwanda 7.3% 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 real interest rate in Trinidad and Tobago?
- Real interest rate in Trinidad and Tobago was 7.6% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest real interest rate recorded in Trinidad and Tobago?
- The highest recorded value was 54.7% in 2009.
- What is the lowest real interest rate recorded in Trinidad and Tobago?
- The lowest recorded value was -12.6% in 1979.
- How does Trinidad and Tobago rank for real interest rate?
- Trinidad and Tobago ranks 42nd out of 148 countries with data for 2024.
- Is real interest rate rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 10.8%. The long-run trend across the full record is volatile.
- 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 Real interest rate (%). Statizoid updates them automatically from the source API.
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About this data
An interest rate is the amount charged, expressed as a percentage of the principal over a period of time, by the owners of certain kinds of financial assets for putting the financial assets at the disposal of another institutional unit. The real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.