Trinidad and Tobago's net lending (+) / net borrowing (-) (current LCU) was -16.84 billion in 2019, the latest year in the World Bank's World Development Indicators. That is down 180.29% from -6.01 billion in 2009.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -16.84 billion | 2019 |
| Five years earlier | -3.25 billion | 2014 |
| Ten years earlier | -6.01 billion | 2009 |
| Highest | 5.78 billion | 2005 |
| Lowest | -16.84 billion | 2019 |
| Average since 2010 | -5.81 billion | 2010–2019 |
| First recorded | 1.08 billion |
What the numbers say
In 2019, Trinidad and Tobago's net lending (+) / net borrowing (-) (current LCU) fell 11.43 billion on 2018 (from -5.41 billion to -16.84 billion).
Across the 17 yearly changes before that (2002 to 2018), the average change was −382.06 million and a typical year strayed about 3.82 billion from that (the standard deviation). This year's change was 2.9 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 4.93 billion in 2018 and the biggest yearly fall was 11.43 billion in 2019. 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 downward, about 1.1 billion a year. A straight line explains 53% 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 — 2nd of 2: -4.1 trillion
What this measures
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 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 19 values
| Year | Net lending (+) / net borrowing (-) (current LCU) |
|---|---|
| 2019 | -16,844,400,000 |
| 2018 | -5,411,800,000 |
| 2017 | -10,342,100,000 |
| 2016 | -6,154,500,000 |
| 2015 | -2,254,100,000 |
| 2014 | -3,245,200,000 |
| 2013 | -5,080,200,000 |
| 2012 | -2,206,100,000 |
| 2011 | -4,467,900,000 |
| 2010 | -2,091,400,000 |
Net lending (+) / net borrowing (-) (current LCU) in nearby economies
- Argentina — 449.43 billion (2024)
- Bahamas, The — -194.07 million (2024)
- Barbados — -471.26 million (2016)
- Belize — -52.73 million (2017)
- Brazil — -670.3 billion (2024)
- Chile — -8.66 trillion (2024)
- Colombia — -79.43 trillion (2024)
- Costa Rica — -252.19 billion (2024)
- Dominican Republic — -214.21 billion (2024)
- Ecuador
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 lending (+) / net borrowing (-) (current LCU)?
- -16.84 billion in 2019, according to the World Bank (World Development Indicators).
- How has it changed since 2001?
- It is down 1,655% from 1.08 billion in 2001. The highest value was 5.78 billion in 2005 and the lowest -16.84 billion in 2019.
- Is the latest change in net lending (+) / net borrowing (-) (current LCU) unusual for Trinidad and Tobago?
- In 2019, Trinidad and Tobago's net lending (+) / net borrowing (-) (current LCU) fell 11.43 billion on 2018 (from -5.41 billion to -16.84 billion). Across the 17 yearly changes before that (2002 to 2018), the average change was −382.06 million and a typical year strayed about 3.82 billion from that (the standard deviation). This year's change was 2.9 standard deviations below that average, so it was unusually large compared with the rest of the record.
- Where does this data come from?
Source
World Bank, World Development Indicators, indicator GC.NLD.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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