Savings Rate, Percent per annum in Trinidad and Tobago
Trinidad and Tobago: Savings Rate, Percent per annum was 0.2 in 2019. ◆ Volatile
Savings Rate, Percent per annum in Trinidad and Tobago, 1984–2019
Source: International Monetary Fund.
Analysis
In 2019, savings rate, percent per annum in Trinidad and Tobago stood at 0.2. That is the lowest value across all 36 years on record.
The figure is down 82.3% over ten years.
Over the whole period, savings rate, percent per annum in Trinidad and Tobago peaked at 3.48 in 1985 and was at its lowest, 0.2, in 2012.
Trinidad and Tobago ranks 61st of 63 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Savings Rate, Percent per annum in Trinidad and Tobago, year by year
| Year | Value | Change |
|---|---|---|
| 1984 | 3.47 | — |
| 1985 | 3.48 | +0.3% |
| 1986 | 3.06 | -12.0% |
| 1987 | 2.75 | -10.2% |
| 1988 | 2.75 | +0.0% |
| 1989 | 3.12 | +13.6% |
| 1990 | 2.75 | -12.0% |
| 1991 | 2.5 | -9.1% |
| 1992 | 2.58 | +3.3% |
| 1993 | 2.75 | +6.5% |
| 1994 | 2.69 | -2.3% |
| 1995 | 2.5 | -7.0% |
| 1996 | 2.52 | +0.9% |
| 1997 | 2.5 | -0.9% |
| 1998 | 2.83 | +13.3% |
| 1999 | 2.81 | -0.7% |
| 2000 | 2.96 | +5.2% |
| 2001 | 3.4 | +15.0% |
| 2002 | 2.3 | -32.2% |
| 2003 | 1.97 | -14.4% |
| 2004 | 1.67 | -15.5% |
| 2005 | 1.38 | -17.4% |
| 2006 | 1.46 | +6.3% |
| 2007 | 1.65 | +12.9% |
| 2008 | 2.03 | +22.8% |
| 2009 | 1.13 | -44.5% |
| 2010 | 0.3625 | -67.8% |
| 2011 | 0.2483 | -31.5% |
| 2012 | 0.2 | -19.5% |
| 2013 | 0.2 | +0.0% |
| 2014 | 0.2 | +0.0% |
| 2015 | 0.2 | +0.0% |
| 2016 | 0.2 | +0.0% |
| 2017 | 0.2 | +0.0% |
| 2018 | 0.2 | +0.0% |
| 2019 | 0.2 | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.11 | 2.75 | 3.48 | 6 |
| 1990s | 2.64 | 2.5 | 2.83 | 10 |
| 2000s | 2 | 1.13 | 3.4 | 10 |
| 2010s | 0.2211 | 0.2 | 0.3625 | 10 |
Countries ranked near Trinidad and Tobago
More financial sector data for Trinidad and Tobago
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -10.63 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1276 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 2,390 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate -8.69 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 3,047 SDR per person (2024)
- Total reserves (gold at market value) (SDR), annual growth rate -7.89 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 3,139 SDR per person (2024)
- Total reserves (gold at national valuation) (SDR), annual growth rate -7.88 % change on previous year (2024)
- Total reserves (gold at national valuation) (SDR), per capita 3,139 SDR per person (2024)
- Total reserves in months of imports, annual growth rate -23.81 % change on previous year (2024)
Frequently asked questions
- What is savings rate, percent per annum in Trinidad and Tobago?
- Savings rate, percent per annum in Trinidad and Tobago was 0.2 in 2019, according to International Monetary Fund.
- What is the highest savings rate, percent per annum recorded in Trinidad and Tobago?
- The highest recorded value was 3.48 in 1985.
- What is the lowest savings rate, percent per annum recorded in Trinidad and Tobago?
- The lowest recorded value was 0.2 in 2012.
- How does Trinidad and Tobago rank for savings rate, percent per annum?
- Trinidad and Tobago ranks 61st out of 63 countries with data for 2019.
- Is savings rate, percent per annum rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 82.3%. The long-run trend across the full record is volatile.
- Where does this Trinidad and Tobago data come from?
- The figures come from International Monetary Fund, published as part of Savings Rate, Percent per annum. Statizoid updates them automatically from the source API.
Download this data
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About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.