Enforcing contracts: Cost in Trinidad and Tobago

Trinidad and Tobago: Enforcing contracts: Cost was 33.5% in 2019. ▬ Flat

Latest (2019)
33.5%
Change on year
unchanged
World rank
66th
of 191 countries
All-time high
33.5%
in 2005
All-time low
33.5%
in 2005
Years of data
15
2005–2019

Enforcing contracts: Cost in Trinidad and Tobago, 2005–2019

01020302005201220192005: 33.5 % of claim2006: 33.5 % of claim2007: 33.5 % of claim2008: 33.5 % of claim2009: 33.5 % of claim2010: 33.5 % of claim2011: 33.5 % of claim2012: 33.5 % of claim2013: 33.5 % of claim2014: 33.5 % of claim2015: 33.5 % of claim2016: 33.5 % of claim2017: 33.5 % of claim2018: 33.5 % of claim2019: 33.5 % of claim

Source: World Bank. Measured in % of claim.

Analysis

In 2019, enforcing contracts: cost in Trinidad and Tobago stood at 33.5%. That is the highest value across all 15 years on record.

That represents a change of unchanged over ten years.

Over the whole period, enforcing contracts: cost in Trinidad and Tobago peaked at 33.5% in 2005 and was at its lowest, 33.5%, in 2005.

That places Trinidad and Tobago 66th out of 191 countries with data for 2019, putting it in the middle of the range.

Enforcing contracts: Cost in Trinidad and Tobago, year by year

Annual values for Enforcing contracts: Cost (% of claim) in Trinidad and Tobago, 2005 to 2019.
Year % of claim Change
2005 33.5%
2006 33.5% +0.0%
2007 33.5% +0.0%
2008 33.5% +0.0%
2009 33.5% +0.0%
2010 33.5% +0.0%
2011 33.5% +0.0%
2012 33.5% +0.0%
2013 33.5% +0.0%
2014 33.5% +0.0%
2015 33.5% +0.0%
2016 33.5% +0.0%
2017 33.5% +0.0%
2018 33.5% +0.0%
2019 33.5% +0.0%

Averages by decade

DecadeAverage LowestHighest Years
2000s 33.5% 33.5% 33.5% 5
2010s 33.5% 33.5% 33.5% 10

Countries ranked near Trinidad and Tobago

  1. 63 Djibouti 34.0% compare
  2. 64 Czechia 33.8% compare
  3. 65 Madagascar 33.6% compare
  4. 67 South Africa 33.2% compare
  5. 68 Mexico 33.0% compare
  6. 69 Grenada 32.6% compare

See the full ranking of 191 places →

More reference data data for Trinidad and Tobago

All data for Trinidad and Tobago →

Frequently asked questions

What is enforcing contracts: cost in Trinidad and Tobago?
Enforcing contracts: cost in Trinidad and Tobago was 33.5% in 2019, according to the World Bank.
What is the highest enforcing contracts: cost recorded in Trinidad and Tobago?
The highest recorded value was 33.5% in 2005.
What is the lowest enforcing contracts: cost recorded in Trinidad and Tobago?
The lowest recorded value was 33.5% in 2005.
How does Trinidad and Tobago rank for enforcing contracts: cost?
Trinidad and Tobago ranks 66th out of 191 countries with data for 2019.
Is enforcing contracts: cost rising or falling in Trinidad and Tobago?
Over the last ten years it is unchanged. The long-run trend across the full record is flat.
Where does this Trinidad and Tobago data come from?
The figures come from the World Bank, published as part of Enforcing contracts: Cost (% of claim). Statizoid updates them automatically from the source API.

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Enforcing contracts: Cost in Trinidad and Tobago. Statizoid. Retrieved 25 August 2026, from https://reference.statizoid.com/stat/enforcing-contracts-cost-percent-of-claim-2/trinidad-and-tobago/

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About this data

Indicator
Enforcing contracts: Cost (% of claim)
Unit
% of claim
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
191 places, 3,094 data points, 2003–2019
Last refreshed

The cost to enforce contracts is recorded as a percentage of the claim value, assumed to be equivalent to 200% of income per capita or $5,000, whichever is greater. Three types of costs are recorded: average attorney fees, court costs and enforcement costs. Bribes are not taken into account.