Trinidad and Tobago Domestic Credit
Domestic credit provided by financial sector as % of GDP FS.AST.DOMS.GD.ZS
Trinidad and Tobago's domestic credit was 33.15% in 2009, ranked 14th globally. This represents a 127.9% increase from 2008. Data from World Bank, covering 1975–2009.
Overview
Trinidad and Tobago's domestic credit stood at 33.15% in 2009, a rise of +18.60% from 2008. Trinidad and Tobago ranked 14th globally.
Trinidad and Tobago's domestic credit has shown significant fluctuations over the past 35 years, with a notable all-time peak of 69.19 in 1988 and a severe trough of -9.31 in 1977. The country's domestic credit has steadily increased since the trough, reaching 33.15 in 2009, ranking 14th globally. A comparison with peer countries reveals a relatively modest domestic credit position, with Belarus ranking close at 32.95 and Georgia at 34.79. The country's domestic credit growth has been stable since the 1980s, with some fluctuations in the 1970s. The all-time peak in 1988 was a significant milestone, marking a substantial increase in domestic credit, which was largely driven by the country's oil and gas industry. The domestic credit position in Trinidad and Tobago is likely to remain stable in the near term, but a decline in the global oil price or a significant shift in the country's economic policy could potentially alter the trajectory of domestic credit growth.
Data & projection
| Year | Domestic Credit | YoY change | Rank |
|---|---|---|---|
| 2009 | 33.15% | +18.60% | #14 |
| 2008 | 14.54% | −8.43% | #4 |
| 2007 | 22.97% | +4.22% | #6 |
| 2006 | 18.75% | −4.31% | #6 |
| 2005 | 23.05% | −5.28% | #6 |
| 2004 | 28.33% | −7.55% | #7 |
| 2003 | 35.88% | −8.52% | #8 |
| 2002 | 44.40% | +3.96% | #10 |
| 2001 | 40.44% | −4.75% | #10 |
| 2000 | 45.20% | −7.88% | #7 |
| 1999 | 53.07% | −3.06% | #9 |
| 1998 | 56.13% | −1.42% | #8 |
| 1997 | 57.56% | +6.58% | #8 |
| 1996 | 50.97% | −2.83% | #7 |
| 1995 | 53.81% | +5.76% | #7 |
Detected Pattern
Analysis
Trinidad and Tobago matched the Export Boom Cycle pattern in 2014. Historically, 71% of countries showing this pattern (546 out of 768) saw domestic credit improve within 24 months. View full analysis →
Frequently Asked Questions
Trinidad and Tobago's domestic credit was 33.15% in 2009. Ranked 14th globally. This represents a 127.9% increase from the previous year.
Trinidad and Tobago's domestic credit peaked at 69.19% in 1988.
The lowest domestic credit in Trinidad and Tobago was -9.31% in 1977.
Trinidad and Tobago ranks 14th globally in domestic credit as of 2009.
The World Bank indicator code is FS.AST.DOMS.GD.ZS. Data sourced from World Bank.
The domestic credit of Trinidad and Tobago in 2009 was 33.15%. This ranks 14th in the world.
Cite this page
@misc{historysaid_trinidad-and-tobago_domestic-credit,
title = {Trinidad and Tobago Domestic Credit},
url = {https://historysaid.com/trinidad-and-tobago/domestic-credit/},
publisher = {HistorySaid},
year = {2026}
}