Trinidad and Tobago Government Debt to GDP

Trinidad and Tobago recorded a government debt equivalent to 61 percent of the country's Gross Domestic Product in 2018. Government Debt to GDP in Trinidad and Tobago averaged 27.56 percent from 1955 until 2018, reaching an all time high of 62.70 percent in 2017 and a record low of 9.50 percent in 1958.

Government Debt to GDP in Trinidad and Tobago is expected to be 63.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Trinidad and Tobago Government Debt to GDP is projected to trend around 60.00 percent in 2020, according to our econometric models.

Trinidad and Tobago Government Debt to GDP

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Trinidad and Tobago Government	Last	Previous	Highest	Lowest	Unit
Government Debt to GDP	61.00	62.70	62.70	9.50	percent	[+]
Government Budget	-3.40	-9.00	7.30	-9.00	percent of GDP	[+]
Military Expenditure	165.00	203.00	233.00	33.40	USD Million	[+]
Credit Rating	67.50					[+]
Government Budget Value	373.90	1037.60	7897.00	-5107.40	TTD Million	[+]
Government Debt	92346.40	94655.50	95525.10	19920.40	TTD Million	[+]
Government Revenues	4042.20	4741.90	11120.00	206.10	TTD Million	[+]
Fiscal Expenditure	3668.30	3704.40	11061.20	390.60	TTD Million	[+]

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. Trinidad and Tobago Government Debt to GDP - actual data, historical chart and calendar of releases - was last updated on July of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	61.00	62.70	62.70	9.50	1955 - 2018	percent	Yearly

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Country	Last		Previous	Range
Japan	253.00	Dec/17	250	253 : 50.6	%
Italy	132.20	Dec/18	131	132 : 90.5	%
Singapore	112.20	Dec/18	111	112 : 67.4	%
United States	106.10	Dec/18	105	119 : 31.8	%
France	98.40	Dec/18	98.4	98.4 : 20.7	%
Spain	97.10	Dec/18	98.1	100 : 16.6	%
Canada	90.60	Dec/18	89.7	101 : 45.1	%
Argentina	86.20	Dec/18	56.6	167 : 34.5	%
Euro Area	85.10	Dec/18	87.1	92 : 65	%
United Kingdom	84.70	Dec/18	85.1	85.1 : 21.8	%
Brazil	77.22	Dec/18	74.07	77.22 : 51.27	%
India	68.70	Dec/17	69.6	84.2 : 66	%
Germany	60.90	Dec/18	64.5	81.8 : 54.8	%
South Africa	55.80	Dec/18	53.1	55.8 : 27.8	%
Netherlands	52.40	Dec/18	57	73.1 : 43	%
China	50.50	Dec/18	46.8	50.5 : 20.4	%
Mexico	46.00	Dec/18	46	48.2 : 17.9	%
Australia	40.70	Dec/18	40.7	40.7 : 9.7	%
South Korea	36.60	Dec/18	36.3	39.9 : 8.24	%
Turkey	30.40	Dec/18	28.3	76.1 : 27.6	%
Indonesia	29.80	Dec/18	28.7	87.43 : 22.96	%
Switzerland	27.70	Dec/18	29.3	48.9 : 25.1	%
Saudi Arabia	19.10	Dec/18	17.2	104 : 1.6	%
Russia	13.50	Dec/17	12.9	92.1 : 6.5	%