Net lending (+) / net borrowing (-) (% of GDP) in Trinidad and Tobago
Trinidad and Tobago: Net lending (+) / net borrowing (-) (% of GDP) was -10.6% in 2019. ◆ Volatile
Net lending (+) / net borrowing (-) in Trinidad and Tobago, 2001–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2019, net lending (+) / net borrowing (-) in Trinidad and Tobago stood at -10.6%. That is the lowest value across all 19 years on record.
That represents a change of down 217.4% on the previous year and down 114.4% over ten years.
Over the whole period, net lending (+) / net borrowing (-) in Trinidad and Tobago peaked at 5.7% in 2005 and was at its lowest, -10.6%, in 2019.
That places Trinidad and Tobago 152nd out of 156 countries with data for 2019, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net lending (+) / net borrowing (-) (% of GDP) in Trinidad and Tobago, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 2.0% | — |
| 2002 | -0.1% | -103.0% |
| 2003 | 2.2% | -3924.1% |
| 2004 | 1.9% | -14.1% |
| 2005 | 5.7% | +198.2% |
| 2006 | 1.8% | -67.8% |
| 2007 | 0.7% | -64.0% |
| 2008 | 2.2% | +224.1% |
| 2009 | -5.0% | -330.3% |
| 2010 | -1.5% | -70.1% |
| 2011 | -2.7% | +85.1% |
| 2012 | -1.3% | -53.9% |
| 2013 | -2.8% | +118.4% |
| 2014 | -1.7% | -37.8% |
| 2015 | -1.3% | -23.3% |
| 2016 | -3.9% | +196.7% |
| 2017 | -6.4% | +63.9% |
| 2018 | -3.3% | -47.7% |
| 2019 | -10.6% | +217.4% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's -10.6% is below the median for high income countries, which is -1.8%, 6.0× the median. (57 countries reporting)
- Trinidad and Tobago's -10.6% is below the median for Latin America & Caribbean, which is -2.3%, 4.7× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Net lending (+) / net borrowing (-) (% of GDP) 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 |
|---|---|---|---|
| 2003 | +3924.1% | -0.1% | 2.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.3% | -5.0% | 5.7% | 9 |
| 2010s | -3.6% | -10.6% | -1.3% | 10 |
Countries ranked near Trinidad and Tobago
More public sector data for Trinidad and Tobago
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Frequently asked questions
- What is net lending (+) / net borrowing (-) in Trinidad and Tobago?
- Net lending (+) / net borrowing (-) in Trinidad and Tobago was -10.6% in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net lending (+) / net borrowing (-) recorded in Trinidad and Tobago?
- The highest recorded value was 5.7% in 2005.
- What is the lowest net lending (+) / net borrowing (-) recorded in Trinidad and Tobago?
- The lowest recorded value was -10.6% in 2019.
- How does Trinidad and Tobago rank for net lending (+) / net borrowing (-)?
- Trinidad and Tobago ranks 152nd out of 156 countries with data for 2019.
- Is net lending (+) / net borrowing (-) rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 114.4%. 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 lending (+) / net borrowing (-) (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. 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.