Share of government spending going to interest payments in Trinidad and Tobago
Trinidad and Tobago: Share of government spending going to interest payments was 9.6% in 2019. ▼ Falling
Share of government spending going to interest payments in Trinidad and Tobago, 2001–2019
Source: International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data. Measured in % of expense.
Analysis
In 2019, share of government spending going to interest payments in Trinidad and Tobago stood at 9.6%.
That represents a change of up 1.5% on the previous year and up 9.6% over ten years.
Over the whole period, share of government spending going to interest payments in Trinidad and Tobago peaked at 18.2% in 2001 and was at its lowest, 5.2%, in 2013.
That places Trinidad and Tobago 55th out of 152 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Share of government spending going to interest payments in Trinidad and Tobago, year by year
| Year | % of expense | Change |
|---|---|---|
| 2001 | 18.2% | — |
| 2002 | 17.2% | -5.3% |
| 2003 | 16.5% | -4.1% |
| 2004 | 12.7% | -23.1% |
| 2005 | 11.1% | -12.0% |
| 2006 | 7.2% | -35.7% |
| 2007 | 8.0% | +12.1% |
| 2008 | 6.4% | -20.3% |
| 2009 | 8.7% | +36.5% |
| 2010 | 7.6% | -13.2% |
| 2011 | 6.4% | -15.2% |
| 2012 | 5.9% | -8.3% |
| 2013 | 5.2% | -12.1% |
| 2014 | 5.3% | +2.5% |
| 2015 | 6.0% | +12.6% |
| 2016 | 9.6% | +60.0% |
| 2017 | 7.0% | -26.4% |
| 2018 | 9.4% | +34.0% |
| 2019 | 9.6% | +1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.8% | 6.4% | 18.2% | 9 |
| 2010s | 7.2% | 5.2% | 9.6% | 10 |
Countries ranked near Trinidad and Tobago
More reference data data for Trinidad and Tobago
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0696 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0589 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.165 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0005 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.165 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.2333 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.0945 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.3189 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7976 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0027 (2050)
Frequently asked questions
- What is share of government spending going to interest payments in Trinidad and Tobago?
- Share of government spending going to interest payments in Trinidad and Tobago was 9.6% in 2019, according to International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data.
- What is the highest share of government spending going to interest payments recorded in Trinidad and Tobago?
- The highest recorded value was 18.2% in 2001.
- What is the lowest share of government spending going to interest payments recorded in Trinidad and Tobago?
- The lowest recorded value was 5.2% in 2013.
- How does Trinidad and Tobago rank for share of government spending going to interest payments?
- Trinidad and Tobago ranks 55th out of 152 countries with data for 2019.
- Is share of government spending going to interest payments rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 9.6%. The long-run trend across the full record is falling.
- Where does this Trinidad and Tobago data come from?
- The figures come from International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data, published as part of Share of government spending going to interest payments. Statizoid updates them automatically from the source API.
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About this data
Interest expenditures on government debt, as share of total central government expenditures. Interest expenditures on government debt include payments on long-term bonds, long-term loans, and other debt instruments.