Trinidad and Tobago: Real interest rate (%)
In , Trinidad and Tobago's Real interest rate (%) was 7.64.
That's down 67.6% from 2023, the highest value since .
The global average for this indicator in 2024 was 4.28 . Trinidad and Tobago ranks #27 globally out of 85 reporting countries. Within Latin America & Caribbean, it ranks #7 of 23.
Source: World Bank Open Data (FR.INR.RINR) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 54.68
- Trough
- -9.17
- 1-year change
- -67.6%
- 5-year change
- -36.0%
- -8.5% / yr
- 10-year change
- -10.8%
- -1.1% / yr
Historical Data — Last 10 Years
| Year | Real interest rate (%) |
|---|---|
| 7.6351 | |
| 23.5661 | |
| -7.2779 | |
| -8.1178 | |
| 9.2902 | |
| 11.9274 | |
| 7.9654 | |
| 1.1143 | |
| 9.5033 | |
| 18.8995 |
About Real interest rate (%)
An interest rate is the amount charged, expressed as a percentage of the principal over a period of time, by the owners of certain kinds of financial assets for putting the financial assets at the disposal of another institutional unit. The real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.
Indicator code: FR.INR.RINR • Category: Trade & Finance
Frequently asked questions
- What was Trinidad and Tobago's Real interest rate (%) in 2024?
- In 2024, Trinidad and Tobago's Real interest rate (%) was 7.64, according to World Bank Open Data.
- Is Trinidad and Tobago's Real interest rate (%) rising or falling?
- Trinidad and Tobago's Real interest rate (%) fell 67.6% from 2023 to 2024.
- How does Trinidad and Tobago rank globally on Real interest rate (%)?
- In 2024, Trinidad and Tobago ranked #27 out of 85 countries reporting Real interest rate (%).
- How does Trinidad and Tobago's Real interest rate (%) compare to the world average?
- The global average for Real interest rate (%) in 2024 was 4.28, so Trinidad and Tobago is above the world average. Within Latin America & Caribbean, it ranks #7 of 23.
- What is Real interest rate (%) and how is it measured?
- An interest rate is the amount charged, expressed as a percentage of the principal over a period of time, by the owners of certain kinds of financial assets for putting the financial assets at the disposal of another institutional unit. The real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.
Source: World Bank Open Data (FR.INR.RINR), CC BY 4.0.