Interest payments (% of revenue) in Trinidad and Tobago
Trinidad and Tobago: Interest payments (% of revenue) 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 (% of revenue) 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% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 13.2% is above the median for high income countries, which is 3.9%, 3.4× the median. (55 countries reporting)
- Trinidad and Tobago's 13.2% is above the median for Latin America & Caribbean, which is 12.5%, 1.1× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Interest payments (% of revenue) in Trinidad and Tobago changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2001 | +537.0% | 2.5% | 16.0% |
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
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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.