Trinidad and Tobago Government Debt To GDP

Trinidad and Tobago recorded a Government Debt to GDP of 41.20 percent of the country's Gross Domestic Product in 2013. Government Debt To GDP in Trinidad and Tobago is reported by the Central Bank of Trinidad and Tobago. Government Debt To GDP in Trinidad and Tobago averaged 35.69 Percent from 1993 until 2013, reaching an all time high of 58.84 Percent in 1993 and a record low of 13.18 Percent in 2008. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Trinidad and Tobago Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
41.20 42.00 58.84 13.18 43.23 | 2014/06 1993 - 2013 Percent Yearly

TO

Trinidad and Tobago Government Debt To GDP
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Credit Rating 70.00 [+]
Government Debt To GDP 41.20 2013-12-31 42.00 58.84 13.18 43.23 2014-06-30 Percent [+]
Government Budget -2.60 2013-12-31 -1.40 7.30 -5.00 -2.94 2014-06-30 Percent of GDP [+]
[+]


Government Debt to GDP | Notes
Government debt as a percent of GDP, also known as debt-to-GDP ratio, is the amount of national debt a country has in percentage of its Gross Domestic Product. Basically, Government debt is the money owed by the central government to its creditors. There are two types of government debt: net and gross. Gross debt is the accumulation of outstanding government debt which may be in the form of government bonds, credit default swaps, currency swaps, special drawing rights, loans, insurance and pensions. Net debt is the difference between gross debt and the financial assets that government holds. The higher the debt-to-GDP ratio, the less likely the country will pay its debt back, and more likely the country is to default on its debt obligations.


RELATED NEWS

Trinidad and Tobago Current Account at 2247.50 USD Million  
Trinidad and Tobago recorded a Current Account surplus of 2247.50 USD Million in the third quarter of 2013. Current Account in Trinidad and Tobago is reported by the Central Statistics Office, Trinidad and Tobago.
Trinidad and Tobago Government Debt To GDP at 41.20 Percent  
Trinidad and Tobago recorded a Government Debt to GDP of 41.20 percent of the country's Gross Domestic Product in 2013. Government Debt To GDP in Trinidad and Tobago is reported by the Central Bank of Trinidad and Tobago.
Trinidad and Tobago Balance of Trade at 2549.20 USD Million  
Trinidad and Tobago recorded a trade surplus of 2549.20 USD Million in the third quarter of 2013. Balance of Trade in Trinidad and Tobago is reported by the Central Bank of Trinidad and Tobago.
Trinidad and Tobago Exports at 4243.70 USD Million  
Exports in Trinidad and Tobago increased to 4243.70 USD Million in the third quarter of 2013 from 3052.90 USD Million in the second quarter of 2013. Exports in Trinidad and Tobago is reported by the Central Bank of Trinidad and Tobago.
Trinidad and Tobago Imports at 1694.50 USD Million  
Imports in Trinidad and Tobago decreased to 1694.50 USD Million in the third quarter of 2013 from 1781 USD Million in the second quarter of 2013. Imports in Trinidad and Tobago is reported by the Central Bank of Trinidad and Tobago.
Trinidad and Tobago Government Budget at -2.60 Percent of GDP  
Trinidad and Tobago recorded a Government Budget deficit equal to 2.60 percent of the country's Gross Domestic Product in 2013. Government Budget in Trinidad and Tobago is reported by the Central Statistical Office, Trinidad and Tobago.
Trinidad and Tobago Current Account to GDP at 14.50 Percent  
Trinidad and Tobago recorded a Current Account surplus of 14.50 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Trinidad and Tobago is reported by the Central Bank of Trinidad and Tobago.
Trinidad and Tobago Inflation Rate at 3.90 Percent  
The inflation rate in Trinidad and Tobago was recorded at 3.90 percent in February of 2014. Inflation Rate in Trinidad and Tobago is reported by the Central Statistical Office, Trinidad and Tobago.
Trinidad and Tobago Interest Rate at 2.75 Percent  
The benchmark interest rate in Trinidad and Tobago was last recorded at 2.75 percent. Interest Rate in Trinidad and Tobago is reported by the Central Bank of Trinidad and Tobago.
Trinidad And Tobago Personal Income Tax Rate at 25.00 percent  
The Personal Income Tax Rate in Trinidad And Tobago stands at 25 percent. Personal Income Tax Rate in Trinidad And Tobago is reported by the Inland Revenue Division.
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