Trinidad and Tobago: Lending interest rate

The latest value from 2024 is 7.5 percent, a decline from 7.52 percent in 2023. In comparison, the world average is 12.85 percent, based on data from 85 countries. Historically, the average for Trinidad and Tobago from 1979 to 2024 is 11.4 percent. The minimum value, 6.55 percent, was reached in 2020 while the maximum of 17.33 percent was recorded in 1998. See the global rankings for that indicator or use the country comparator to compare trends over time.

The lending interest rate in Trinidad and Tobago shown below is the interest rate on credits from banks to prime borrowers, i.e. to the lowest risk borrowers in the private sector. That includes firms and households.

Definition: Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.