Risk premium on lending in Trinidad and Tobago
Trinidad and Tobago: Risk premium on lending was 5.0% in 2024. ▼ Falling
Risk premium on lending in Trinidad and Tobago, 1979–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus treasury bill rate, %.
Analysis
Trinidad and Tobago recorded 5.0% for risk premium on lending in 2024.
The figure is down 22.6% on the previous year and down 32.9% over ten years.
Over the whole period, risk premium on lending in Trinidad and Tobago peaked at 9.4% in 1984 and was at its lowest, 4.2%, in 2005.
Trinidad and Tobago ranks 40th of 86 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.
Risk premium on lending in Trinidad and Tobago, year by year
| Year | lending rate minus treasury bill rate, % | Change |
|---|---|---|
| 1979 | 5.8% | — |
| 1980 | 6.9% | +18.6% |
| 1981 | 8.3% | +20.1% |
| 1982 | 8.5% | +1.6% |
| 1983 | 8.6% | +2.1% |
| 1984 | 9.4% | +8.4% |
| 1985 | 9.2% | -1.5% |
| 1986 | 8.0% | -13.1% |
| 1987 | 6.9% | -14.3% |
| 1988 | 7.7% | +12.2% |
| 1989 | 6.2% | -19.8% |
| 1990 | 5.4% | -13.2% |
| 1991 | 5.5% | +2.4% |
| 1992 | 6.1% | +10.5% |
| 1993 | 6.1% | -0.4% |
| 1994 | 6.0% | -1.1% |
| 1995 | 6.8% | +13.0% |
| 1996 | 5.3% | -20.9% |
| 1997 | 5.5% | +3.0% |
| 1998 | 5.4% | -1.8% |
| 1999 | 6.6% | +22.9% |
| 2000 | 5.9% | -10.6% |
| 2001 | 7.1% | +19.8% |
| 2002 | 7.7% | +7.5% |
| 2003 | 6.5% | -15.7% |
| 2004 | 4.5% | -29.7% |
| 2005 | 4.2% | -6.6% |
| 2006 | 4.8% | +14.3% |
| 2007 | 4.8% | -0.2% |
| 2008 | 5.4% | +12.2% |
| 2009 | 9.2% | +70.5% |
| 2010 | 8.4% | -8.8% |
| 2011 | 7.4% | -11.8% |
| 2012 | 7.3% | -1.3% |
| 2013 | 7.3% | +0.0% |
| 2014 | 7.4% | +0.8% |
| 2015 | 7.7% | +4.2% |
| 2016 | 7.8% | +1.7% |
| 2017 | 7.7% | -2.2% |
| 2018 | 7.6% | -1.0% |
| 2019 | 7.4% | -2.8% |
| 2020 | 5.3% | -28.1% |
| 2021 | 7.0% | +32.2% |
| 2022 | 6.8% | -2.4% |
| 2023 | 6.4% | -6.2% |
| 2024 | 5.0% | -22.6% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 5.0% is above the median for high income countries, which is 3.0%, 1.6× the median. (26 countries reporting)
- Trinidad and Tobago's 5.0% is below the median for Latin America & Caribbean, which is 6.0%, 82% of the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.8% | 5.8% | 5.8% | 1 |
| 1980s | 8.0% | 6.2% | 9.4% | 10 |
| 1990s | 5.9% | 5.3% | 6.8% | 10 |
| 2000s | 6.0% | 4.2% | 9.2% | 10 |
| 2010s | 7.6% | 7.3% | 8.4% | 10 |
| 2020s | 6.1% | 5.0% | 7.0% | 5 |
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 risk premium on lending in Trinidad and Tobago?
- Risk premium on lending in Trinidad and Tobago was 5.0% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest risk premium on lending recorded in Trinidad and Tobago?
- The highest recorded value was 9.4% in 1984.
- What is the lowest risk premium on lending recorded in Trinidad and Tobago?
- The lowest recorded value was 4.2% in 2005.
- How does Trinidad and Tobago rank for risk premium on lending?
- Trinidad and Tobago ranks 40th out of 86 countries with data for 2024.
- Is risk premium on lending rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 32.9%. 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 Risk premium on lending (lending rate minus treasury bill rate, %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 46 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Risk premium on lending is the interest rate charged by banks on loans to private sector customers minus the "risk free" treasury bill interest rate at which short-term government securities are issued or traded in the market. In some countries this spread may be negative, indicating that the market considers its best corporate clients to be lower risk than the government. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.