Services balance (credit less debit), Net (credits less debits) in Trinidad and Tobago
Trinidad and Tobago: Services balance (credit less debit), Net (credits less debits) was -1.45 billion in 2024. ◆ Volatile
Services balance (credit less debit), Net (credits less debits) in Trinidad and Tobago, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for services balance (credit less debit), net (credits less debits) in Trinidad and Tobago is -1.45 billion, measured in 2024.
The figure is down 1.1% on the previous year and down 2.5% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Trinidad and Tobago peaked at 610.50 million in 2008 and was at its lowest, -2.56 billion, in 2022.
Trinidad and Tobago ranks 145th of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services balance (credit less debit), Net (credits less debits) in Trinidad and Tobago, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 352.30 million | — |
| 2006 | 452.00 million | +28.3% |
| 2007 | 539.70 million | +19.4% |
| 2008 | 610.50 million | +13.1% |
| 2009 | 381.50 million | -37.5% |
| 2010 | 485.10 million | +27.2% |
| 2011 | -1.35 billion | -378.5% |
| 2012 | -1.31 billion | -2.9% |
| 2013 | -1.44 billion | +10.0% |
| 2014 | -1.42 billion | -1.9% |
| 2015 | -1.79 billion | +26.4% |
| 2016 | -1.78 billion | -0.7% |
| 2017 | -2.11 billion | +18.9% |
| 2018 | -1.71 billion | -18.9% |
| 2019 | -1.13 billion | -34.2% |
| 2020 | -1.33 billion | +18.0% |
| 2021 | -1.81 billion | +35.9% |
| 2022 | -2.56 billion | +42.0% |
| 2023 | -1.44 billion | -44.0% |
| 2024 | -1.45 billion | +1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 467.20 million | 352.30 million | 610.50 million | 5 |
| 2010s | -1.36 billion | -2.11 billion | 485.10 million | 10 |
| 2020s | -1.72 billion | -2.56 billion | -1.33 billion | 5 |
Countries ranked near Trinidad and Tobago
- 142 Zimbabwe -1.20 billion compare
- 143 Bolivia, Plurinational State of -1.21 billion compare
- 144 Brunei Darussalam -1.34 billion compare
- 146 Congo -1.47 billion compare
- 147 Gabon -1.60 billion compare
- 148 South Sudan -1.71 billion compare
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 services balance (credit less debit), net (credits less debits) in Trinidad and Tobago?
- Services balance (credit less debit), net (credits less debits) in Trinidad and Tobago was -1.45 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Trinidad and Tobago?
- The highest recorded value was 610.50 million in 2008.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Trinidad and Tobago?
- The lowest recorded value was -2.56 billion in 2022.
- How does Trinidad and Tobago rank for services balance (credit less debit), net (credits less debits)?
- Trinidad and Tobago ranks 145th out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 2.5%. 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 Services balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.