household debts in Trinidad and Tobago

Gross debt in Trinidad and Tobago

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Trinidad and Tobago in the period from 1998 to 2021 was between 2.6 billion and 14.4 billion USD. The highest level of the last years at 14 billion US Dollar was reached in 2021.

Based on the number of inhabitants, this is a debt of 9,448 USD per person. For comparison, the average debt per person in the same year in the European Union was 33,695 USD.

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Gross debt of the last 23 years in billion USD

YearTrinidad and Tobago totalTrinidad and Tobago per capitaEU per capita
19982.59 bn USD2,049 USD14,079 USD
19992.87 bn USD2,271 USD14,032 USD
20003.17 bn USD2,504 USD11,232 USD
20013.23 bn USD2,541 USD11,255 USD
20023.21 bn USD2,512 USD12,258 USD
20033.28 bn USD2,558 USD15,286 USD
20043.08 bn USD2,389 USD17,595 USD
20053.04 bn USD2,344 USD18,327 USD
20062.98 bn USD2,286 USD18,877 USD
20073.39 bn USD2,589 USD20,898 USD
20083.63 bn USD2,761 USD24,086 USD
20093.84 bn USD2,908 USD25,361 USD
20104.34 bn USD3,267 USD26,496 USD
20117.12 bn USD5,325 USD29,231 USD
20126.33 bn USD4,704 USD28,174 USD
20136.64 bn USD4,906 USD29,981 USD
20146.47 bn USD4,753 USD30,648 USD
20157.47 bn USD5,118 USD25,918 USD
20168.86 bn USD6,028 USD26,261 USD
20179.75 bn USD6,592 USD27,024 USD
201810.11 bn USD6,719 USD28,448 USD
201910.83 bn USD7,125 USD27,168 USD
202012.85 bn USD8,463 USD30,783 USD
202114.41 bn USD9,448 USD33,695 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Trinidad and Tobago       European Union

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