Insurance and financial services in Trinidad and Tobago
Trinidad and Tobago: Insurance and financial services was 12.9% in 2025. ◆ Volatile
Insurance and financial services in Trinidad and Tobago, 1995–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
In 2025, insurance and financial services in Trinidad and Tobago stood at 12.9%.
The figure is down 13.3% on the previous year and up 175.3% over ten years.
Over the whole period, insurance and financial services in Trinidad and Tobago peaked at 26.7% in 2021 and was at its lowest, 4.3%, in 2014.
Trinidad and Tobago ranks 24th of 190 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Trinidad and Tobago, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1995 | 9.2% | — |
| 1996 | 6.8% | -26.3% |
| 1997 | 6.9% | +1.1% |
| 1998 | 5.3% | -22.9% |
| 1999 | 4.6% | -12.7% |
| 2000 | 8.4% | +82.9% |
| 2001 | 13.9% | +64.5% |
| 2002 | 16.7% | +20.2% |
| 2003 | 16.1% | -3.4% |
| 2004 | 13.5% | -16.1% |
| 2005 | 15.3% | +13.3% |
| 2006 | 16.6% | +8.6% |
| 2007 | 15.4% | -7.6% |
| 2008 | 24.5% | +59.5% |
| 2009 | 14.2% | -41.9% |
| 2010 | 16.0% | +12.7% |
| 2011 | 5.5% | -65.8% |
| 2012 | 9.7% | +76.0% |
| 2013 | 4.3% | -55.4% |
| 2014 | 4.3% | -1.3% |
| 2015 | 4.7% | +9.9% |
| 2016 | 5.8% | +23.7% |
| 2017 | 6.3% | +9.7% |
| 2018 | 8.9% | +40.4% |
| 2019 | 12.8% | +43.3% |
| 2020 | 24.9% | +94.8% |
| 2021 | 26.7% | +7.5% |
| 2022 | 15.5% | -41.9% |
| 2023 | 13.7% | -11.6% |
| 2024 | 14.8% | +8.0% |
| 2025 | 12.9% | -13.3% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 12.9% is above the median for high income countries, which is 5.3%, 2.4× the median. (69 countries reporting)
- Trinidad and Tobago's 12.9% is above the median for Latin America & Caribbean, which is 2.7%, 4.7× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.5% | 4.6% | 9.2% | 5 |
| 2000s | 15.5% | 8.4% | 24.5% | 10 |
| 2010s | 7.8% | 4.3% | 16.0% | 10 |
| 2020s | 18.1% | 12.9% | 26.7% | 6 |
Countries ranked near Trinidad and Tobago
More private sector data for Trinidad and Tobago
- Merchandise trade 48.6% (2025)
- Food imports 16.4% (2024)
- Manufactures imports 61.9% (2024)
- Merchandise imports 5.80 billion current US$ (2025)
- Food exports 8.2% (2024)
- Manufactures exports 59.1% (2024)
- Merchandise exports 6.82 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,983 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2627 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -13.71 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Trinidad and Tobago?
- Insurance and financial services in Trinidad and Tobago was 12.9% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Trinidad and Tobago?
- The highest recorded value was 26.7% in 2021.
- What is the lowest insurance and financial services recorded in Trinidad and Tobago?
- The lowest recorded value was 4.3% in 2014.
- How does Trinidad and Tobago rank for insurance and financial services?
- Trinidad and Tobago ranks 24th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 175.3%. The long-run trend across the full record is volatile.
- Where does this Trinidad and Tobago data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service exports). Statizoid updates them automatically from the source API.
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.