Net incurrence of liabilities, total in Trinidad and Tobago
Trinidad and Tobago: Net incurrence of liabilities, total was 4.7% in 2019. ◆ Volatile
Net incurrence of liabilities, total in Trinidad and Tobago, 2006–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for net incurrence of liabilities, total in Trinidad and Tobago is 4.7%, measured in 2019.
The figure is up 218.9% on the previous year and up 3,303.4% over ten years.
Over the whole period, net incurrence of liabilities, total in Trinidad and Tobago peaked at 6.5% in 2017 and was at its lowest, -1.5%, in 2010.
That places Trinidad and Tobago 48th out of 136 countries with data for 2019, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total in Trinidad and Tobago, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2006 | -1.3% | — |
| 2007 | -0.3% | -75.8% |
| 2008 | -0.1% | -74.8% |
| 2009 | -0.1% | +90.4% |
| 2010 | -1.5% | +915.6% |
| 2011 | 2.4% | -262.8% |
| 2012 | 1.6% | -34.3% |
| 2013 | -0.3% | -115.6% |
| 2014 | 1.8% | -835.6% |
| 2015 | 0.6% | -70.1% |
| 2016 | 2.8% | +397.9% |
| 2017 | 6.5% | +135.6% |
| 2018 | 1.5% | -77.1% |
| 2019 | 4.7% | +218.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.5% | -1.3% | -0.1% | 4 |
| 2010s | 2.0% | -1.5% | 6.5% | 10 |
Countries ranked near Trinidad and Tobago
- 45 Fiji 4.9% compare
- 46 Republic of Moldova 4.8% compare
- 47 Philippines 4.8% compare
- 49 Mali 4.4% compare
- 50 San Marino 4.3%
- 51 Hungary 4.3% compare
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 net incurrence of liabilities, total in Trinidad and Tobago?
- Net incurrence of liabilities, total in Trinidad and Tobago was 4.7% in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Trinidad and Tobago?
- The highest recorded value was 6.5% in 2017.
- What is the lowest net incurrence of liabilities, total recorded in Trinidad and Tobago?
- The lowest recorded value was -1.5% in 2010.
- How does Trinidad and Tobago rank for net incurrence of liabilities, total?
- Trinidad and Tobago ranks 48th out of 136 countries with data for 2019.
- Is net incurrence of liabilities, total rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 3,303.4%. 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 Net incurrence of liabilities, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.