Trinidad and Tobago's net incurrence of liabilities, total (current LCU) was 7.52 billion in 2019, the latest year in the World Bank's World Development Indicators. That is up 4,289% from -179.6 million in 2009.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 7.52 billion | 2019 |
| Five years earlier | 3.49 billion | 2014 |
| Ten years earlier | -179.6 million | 2009 |
| Highest | 10.47 billion | 2017 |
| Lowest | -2.12 billion | 2010 |
| Average since 2010 | 3.34 billion | 2010–2019 |
| First recorded | -1.48 billion |
What the numbers say
In 2019, Trinidad and Tobago's net incurrence of liabilities, total (current LCU) rose 5.12 billion on 2018 (from 2.41 billion to 7.52 billion).
Across the 12 yearly changes before that (2007 to 2018), the average change was +323.48 million and a typical year strayed about 4.15 billion from that (the standard deviation). This year's change was 1.2 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 6.14 billion in 2017 and the biggest yearly fall was 8.07 billion in 2018. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2010 to 2019 the straight-line trend is upward, about 762.94 million a year. A straight line explains 40% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
Closest to Trinidad and Tobago in the 2019 ranking
- Myanmar — 1st of 2: 3.39 trillion
What this measures
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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
All 14 values
| Year | Net incurrence of liabilities, total (current LCU) |
|---|---|
| 2019 | 7,522,600,000 |
| 2018 | 2,405,300,000 |
| 2017 | 10,471,600,000 |
| 2016 | 4,334,900,000 |
| 2015 | 945,900,000 |
| 2014 | 3,488,300,000 |
| 2013 | -461,900,000 |
| 2012 | 2,808,300,000 |
| 2011 | 3,991,800,000 |
| 2010 | -2,124,700,000 |
Net incurrence of liabilities, total (current LCU) in nearby economies
- Argentina — 21.12 trillion (2024)
- Bahamas, The — 61.81 million (2024)
- Barbados — 464.42 million (2016)
- Brazil — 865.42 billion (2024)
- Chile — 7.77 trillion (2024)
- Colombia — 99.03 trillion (2024)
- Dominican Republic — 208.08 billion (2024)
- Ecuador — 2.95 billion (2022)
- El Salvador — 859.6 million (2024)
- Guatemala
More public sector data for Trinidad and Tobago
- Military expenditure (current USD) — 229.9 million (2025)
- Military expenditure (current LCU) — 1.56 billion (2025)
- Military expenditure (% of GDP) — 0.94% (2025)
- Armed forces personnel, total — 5,000 (2020)
- Armed forces personnel (% of total labor force) — 0.77% (2020)
- Military expenditure (% of general government expenditure) — 2.54% (2025)
- Grants and other revenue (current LCU) — 7.21 billion (2019)
- Grants and other revenue (% of revenue) — 18.74% (2019)
- Revenue, excluding grants (current LCU) — 38.48 billion (2019)
Reading data like this
Questions people ask
- What is Trinidad and Tobago's net incurrence of liabilities, total (current LCU)?
- 7.52 billion in 2019, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is up 609.52% from -1.48 billion in 2006. The highest value was 10.47 billion in 2017 and the lowest -2.12 billion in 2010.
- Is the latest change in net incurrence of liabilities, total (current LCU) unusual for Trinidad and Tobago?
- In 2019, Trinidad and Tobago's net incurrence of liabilities, total (current LCU) rose 5.12 billion on 2018 (from 2.41 billion to 7.52 billion). Across the 12 yearly changes before that (2007 to 2018), the average change was +323.48 million and a typical year strayed about 4.15 billion from that (the standard deviation). This year's change was 1.2 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
- Where does this data come from?
Source
World Bank, World Development Indicators, indicator GC.LBL.TOTL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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