Lending interest rate in Trinidad and Tobago
Trinidad and Tobago: Lending interest rate was 7.5% in 2024. ▼ Falling
Lending interest rate in Trinidad and Tobago, 1979–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
Trinidad and Tobago recorded 7.5% for lending interest rate in 2024.
The figure is down 0.3% on the previous year and unchanged over ten years.
Over the whole period, lending interest rate in Trinidad and Tobago peaked at 17.3% in 1998 and was at its lowest, 6.6%, in 2020.
Trinidad and Tobago ranks 89th of 148 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 46 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.0% | 9.0% | 9.0% | 1 |
| 1980s | 11.9% | 10.0% | 13.3% | 10 |
| 1990s | 15.4% | 12.9% | 17.3% | 10 |
| 2000s | 12.1% | 9.1% | 16.5% | 10 |
| 2010s | 8.4% | 7.5% | 9.3% | 10 |
| 2020s | 7.3% | 6.6% | 7.5% | 5 |
Countries ranked near Trinidad and Tobago
- 87 Cape Verde 7.7% compare
- 88 Tonga 7.6% compare
- 90 Philippines 7.1% compare
- 91 Saint Vincent and the Grenadines 7.1% compare
- 92 Panama 6.9% compare
More financial sector data for Trinidad and Tobago
- Net migration 691 (2025)
- Total reserves in months of imports 5.73 (2024)
- Net domestic credit 124.68 billion current LCU (2025)
- Domestic credit to private sector by banks 50.3% (2025)
- Net foreign assets 55.70 billion current LCU (2025)
- Claims on central government, etc. 14.1% (2025)
- Monetary Sector credit to private sector 50.4% (2025)
- Domestic credit to private sector 50.4% (2025)
- Broad money 72.5% (2024)
- Official exchange rate 6.75 LCU per US$, period average (2025)
Frequently asked questions
- What is lending interest rate in Trinidad and Tobago?
- Lending interest rate in Trinidad and Tobago was 7.5% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest lending interest rate recorded in Trinidad and Tobago?
- The highest recorded value was 17.3% in 1998.
- What is the lowest lending interest rate recorded in Trinidad and Tobago?
- The lowest recorded value was 6.6% in 2020.
- How does Trinidad and Tobago rank for lending interest rate?
- Trinidad and Tobago ranks 89th out of 148 countries with data for 2024.
- Is lending interest rate rising or falling in Trinidad and Tobago?
- Over the last ten years it is unchanged. The long-run trend across the full record is falling.
- Where does this Trinidad and Tobago data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Lending interest rate (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 46 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.