Services, Debit/Expenditure in Trinidad and Tobago
Trinidad and Tobago: Services, Debit/Expenditure was 2.71 billion in 2024. ◆ Volatile
Services, Debit/Expenditure in Trinidad and Tobago, 2005–2024
Source: International Monetary Fund.
Analysis
Trinidad and Tobago recorded 2.71 billion for services, debit/expenditure in 2024.
That represents a change of up 4.1% on the previous year and down 2.5% over ten years.
Over the whole period, services, debit/expenditure in Trinidad and Tobago peaked at 3.46 billion in 2022 and was at its lowest, 326.00 million, in 2008.
That places Trinidad and Tobago 110th out of 198 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, Debit/Expenditure in Trinidad and Tobago, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 544.60 million | — |
| 2006 | 362.80 million | -33.4% |
| 2007 | 384.10 million | +5.9% |
| 2008 | 326.00 million | -15.1% |
| 2009 | 383.30 million | +17.6% |
| 2010 | 389.10 million | +1.5% |
| 2011 | 2.46 billion | +532.3% |
| 2012 | 2.60 billion | +5.7% |
| 2013 | 2.68 billion | +3.1% |
| 2014 | 2.78 billion | +3.7% |
| 2015 | 2.91 billion | +4.8% |
| 2016 | 2.73 billion | -6.2% |
| 2017 | 3.09 billion | +13.1% |
| 2018 | 2.53 billion | -18.3% |
| 2019 | 1.93 billion | -23.7% |
| 2020 | 1.77 billion | -8.4% |
| 2021 | 2.27 billion | +28.3% |
| 2022 | 3.46 billion | +52.8% |
| 2023 | 2.60 billion | -24.8% |
| 2024 | 2.71 billion | +4.1% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 2.71 billion is below the median for high income countries, which is 18.44 billion, 15% of the median. (72 countries reporting)
- Trinidad and Tobago's 2.71 billion is above the median for Latin America & Caribbean, which is 2.54 billion, 1.1× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Services, Debit/Expenditure in Trinidad and Tobago changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2011 | +532.3% | 389.10 million | 2.46 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 400.16 million | 326.00 million | 544.60 million | 5 |
| 2010s | 2.41 billion | 389.10 million | 3.09 billion | 10 |
| 2020s | 2.56 billion | 1.77 billion | 3.46 billion | 5 |
Countries ranked near Trinidad and Tobago
More trade data for Trinidad and Tobago
- Commodity Net Export Price Index, Individual Commodities Weighted by 81.09 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 92.39 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 88.4 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 66.7 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 95.69 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 69.76 (2025)
- Imports of low carbon technology products, Percent of GDP 1.47 (2024)
- Imports of low carbon technology products, US dollar (World), per 275.88 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.0147 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 44.59 million (2024)
Frequently asked questions
- What is services, debit/expenditure in Trinidad and Tobago?
- Services, debit/expenditure in Trinidad and Tobago was 2.71 billion in 2024, according to International Monetary Fund.
- What is the highest services, debit/expenditure recorded in Trinidad and Tobago?
- The highest recorded value was 3.46 billion in 2022.
- What is the lowest services, debit/expenditure recorded in Trinidad and Tobago?
- The lowest recorded value was 326.00 million in 2008.
- How does Trinidad and Tobago rank for services, debit/expenditure?
- Trinidad and Tobago ranks 110th out of 198 countries with data for 2024.
- Is services, debit/expenditure rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 2.5%. The long-run trend across the full record is volatile.
- Where does this Trinidad and Tobago data come from?
- The figures come from International Monetary Fund, published as part of Services, Debit/Expenditure (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.