Trinidad and Tobago: Financial institutions development

The latest value from 2021 is 0.635 index points, a decline from 0.639 index points in 2020. In comparison, the world average is 0.436 index points, based on data from 178 countries. Historically, the average for Trinidad and Tobago from 1980 to 2021 is 0.476 index points. The minimum value, 0.306 index points, was reached in 1980 while the maximum of 0.639 index points was recorded in 2020. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: An index for overall financial institutions development based on the three subindexes for depth, access, and efficiency from the indictors menu. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.