Interest rate on bank loans rose 13.5% to 7.44% in Trinidad and Tobago in 2021, according to the National Central Bank.
Historically, interest rate on bank loans in Trinidad and Tobago reached an all time high of 17.3% in 1998 and an all time low of 6.56% in 2020.
Trinidad and Tobago has been ranked 51st within the group of 94 countries we follow in terms of interest rate on bank loans, 37 places above the position seen 10 years ago.
| Interest Rate on Bank Loans (Local Currency) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Brazil | % | 44.0% | 52.1% | 46.9% | 39.1% | 37.5% | ||||||||||||||||
| Colombia | % | 11.4% | 14.6% | 13.7% | 12.1% | 11.8% | ||||||||||||||||
| Dominican Republic | % | 14.9% | 15.1% | 13.9% | 12.5% | 12.5% | ||||||||||||||||
| Guyana | % | 12.8% | 13.0% | 13.0% | 13.0% | 10.5% | ||||||||||||||||
| Haiti | % | 12.9% | 13.2% | 12.7% | 13.1% | 14.1% | ||||||||||||||||
| Jamaica | % | 17.0% | 16.5% | 14.9% | 14.1% | 13.0% | ||||||||||||||||
| Puerto Rico | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Suriname | % | 12.6% | 13.5% | 14.4% | 14.3% | 15.0% | ||||||||||||||||
| Trinidad and Tobago | % | 8.18% | 9.00% | 9.00% | 9.09% | 9.25% | ||||||||||||||||
| USA | % | 3.26% | 3.51% | 4.10% | 4.90% | 5.28% | ||||||||||||||||
| Venezuela | % | 19.4% | 20.8% | 21.1% | ... | ... | ... | ... |
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