Interest payments in Trinidad and Tobago
Trinidad and Tobago: Interest payments was 13.2% in 2019. ◆ Volatile
Interest payments in Trinidad and Tobago, 1976–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2019, interest payments in Trinidad and Tobago stood at 13.2%.
The figure is up 31.4% on the previous year and up 56.3% over ten years.
Over the whole period, interest payments in Trinidad and Tobago peaked at 16.4% in 2002 and was at its lowest, 1.5%, in 1977.
Trinidad and Tobago ranks 40th of 155 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.
Interest payments in Trinidad and Tobago, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1976 | 1.9% | — |
| 1977 | 1.5% | -20.8% |
| 1978 | 2.5% | +73.1% |
| 1979 | 3.1% | +19.8% |
| 1980 | 2.0% | -35.3% |
| 1981 | 2.5% | +26.8% |
| 2001 | 16.0% | +537.0% |
| 2002 | 16.4% | +3.1% |
| 2003 | 14.2% | -13.6% |
| 2004 | 11.0% | -22.9% |
| 2005 | 8.2% | -24.8% |
| 2006 | 6.1% | -26.1% |
| 2007 | 6.5% | +6.3% |
| 2008 | 5.0% | -22.3% |
| 2009 | 8.4% | +67.3% |
| 2010 | 7.1% | -15.9% |
| 2011 | 6.1% | -13.8% |
| 2012 | 5.6% | -7.7% |
| 2013 | 5.0% | -11.1% |
| 2014 | 5.0% | +0.4% |
| 2015 | 5.6% | +11.3% |
| 2016 | 10.3% | +83.3% |
| 2017 | 8.1% | -21.3% |
| 2018 | 10.0% | +24.1% |
| 2019 | 13.2% | +31.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.2% | 1.5% | 3.1% | 4 |
| 1980s | 2.2% | 2.0% | 2.5% | 2 |
| 2000s | 10.2% | 5.0% | 16.4% | 9 |
| 2010s | 7.6% | 5.0% | 13.2% | 10 |
Countries ranked near Trinidad and Tobago
More public sector data for Trinidad and Tobago
- Arms imports 32.00 million SIPRI trend indicator values (2021)
- Arms imports (SIPRI trend indicator values), per capita 23.4 SIPRI trend indicator values per person (2021)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0013 SIPRI trend indicator values per US$ of GDP (2021)
- Arms imports (SIPRI trend indicator values), annual growth rate -34.78 % change on previous year (2016)
- Arms imports (SIPRI trend indicator values), gaps filled 32.00 million SIPRI trend indicator values (2021)
- Military expenditure (current USD), per capita 171.41 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0091 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -3.6 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 234.54 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 6,238 SIPRI trend indicator values per square kilometre (2021)
Frequently asked questions
- What is interest payments in Trinidad and Tobago?
- Interest payments in Trinidad and Tobago was 13.2% in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Trinidad and Tobago?
- The highest recorded value was 16.4% in 2002.
- What is the lowest interest payments recorded in Trinidad and Tobago?
- The lowest recorded value was 1.5% in 1977.
- How does Trinidad and Tobago rank for interest payments?
- Trinidad and Tobago ranks 40th out of 155 countries with data for 2019.
- Is interest payments rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 56.3%. The long-run trend across the full record is volatile.
- Where does this Trinidad and Tobago data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Interest payments (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.