Budget balance — all countries

Budget balance — Trinidad and Tobago

Budget balance in Trinidad and Tobago in 2031 — -2.7%. Ranked 105 in the world out of 188. Since 1988, the indicator has risen by 6.6 pp.

2031 -2.7% −0.2 pp vs 2030
World rank 105of 188
Period maximum 5.7%2008
Period minimum -11.8%2020

Trend over time

1988–2031 · % of GDP

Budget balance — Trinidad and Tobago, 1988–2031-15-10-5051019881993199820032008201320182023202820311988: -9.3%1989: -4.5%1990: -1.3%1991: -0.2%1992: -2.8%1993: 0.2%1994: 0%1995: 0.2%1996: -0.5%1997: 0.1%1998: -1.8%1999: -0.9%2000: 0.2%2001: 0.6%2002: -0.2%2003: 1.9%2004: 1.9%2005: 0.8%2006: -0.3%2007: 3.2%2008: 5.7%2009: -4.9%2010: 0.1%2011: -0.7%2012: -1.3%2013: -2.7%2014: -4.3%2015: -7.4%2016: -9.8%2017: -10.5%2018: -5.9%2019: -3.7%2020: -11.8%2021: -8.4%2022: 1%2023: -1.2%2024: -5.9%2025: -5.5%2026: -4.6%2027: -2.5%2028: -1.7%2029: -2.2%2030: -2.5%2031: -2.7%
Change over the period: +6.6 pp Annual average: 0.15 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Trinidad and Tobago

Trinidad and Tobago -2.7%
World computed -4.85%
Latin America & Caribbean computed -3.31%
High-income countries computed -4.26%
Budget balance — Trinidad and Tobago, by year Trinidad and Tobago All countries CSV XLSX
Year % Change, pp
2031 -2.7 −0.2 pp
2030 -2.5 −0.3 pp
2029 -2.2 −0.5 pp
2028 -1.7 +0.8 pp
2027 -2.5 +2.1 pp
2026 -4.6 +0.9 pp
2025 -5.5 +0.4 pp
2024 -5.9 −4.7 pp
2023 -1.2 −2.2 pp
2022 1 +9.4 pp
2021 -8.4 +3.4 pp
2020 -11.8 −8.1 pp
2019 -3.7 +2.2 pp
2018 -5.9 +4.6 pp
2017 -10.5 −0.7 pp
2016 -9.8 −2.4 pp
2015 -7.4 −3.1 pp
2014 -4.3 −1.6 pp
2013 -2.7 −1.4 pp
2012 -1.3 −0.6 pp
2011 -0.7 −0.8 pp
2010 0.1 +5 pp
2009 -4.9 −10.6 pp
2008 5.7 +2.5 pp
2007 3.2 +3.5 pp
2006 -0.3 −1.1 pp
2005 0.8 −1.1 pp
2004 1.9 +0 pp
2003 1.9 +2.1 pp
2002 -0.2 −0.8 pp
2001 0.6 +0.4 pp
2000 0.2 +1.1 pp
1999 -0.9 +0.9 pp
1998 -1.8 −1.9 pp
1997 0.1 +0.6 pp
1996 -0.5 −0.7 pp
1995 0.2 +0.2 pp
1994 0 −0.2 pp
1993 0.2 +3 pp
1992 -2.8 −2.6 pp
1991 -0.2 +1.1 pp
1990 -1.3 +3.2 pp
1989 -4.5 +4.8 pp
1988 -9.3

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.