Insurance and financial services in Trinidad and Tobago
Trinidad and Tobago: Insurance and financial services was 18.2% in 2025. ◆ Volatile
Insurance and financial services in Trinidad and Tobago, 1975–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
Trinidad and Tobago recorded 18.2% for insurance and financial services in 2025.
Compared with earlier readings it is up 8.0% on the previous year and up 54.0% over ten years.
Over the whole period, insurance and financial services in Trinidad and Tobago peaked at 37.1% in 2022 and was at its lowest, 0.0%, in 2000.
Trinidad and Tobago ranks 12th of 197 countries on this measure, in the top 10%.
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 imports | Change |
|---|---|---|
| 1975 | 9.4% | — |
| 1976 | 9.6% | +1.9% |
| 1977 | 9.3% | -3.8% |
| 1978 | 9.6% | +3.4% |
| 1979 | 9.4% | -2.2% |
| 1980 | 9.6% | +2.1% |
| 1981 | 9.2% | -3.8% |
| 1982 | 10.7% | +16.1% |
| 1983 | 9.2% | -13.7% |
| 1984 | 7.8% | -15.8% |
| 1985 | 7.7% | -0.6% |
| 1986 | 9.0% | +16.8% |
| 1987 | 13.9% | +54.6% |
| 1988 | 11.9% | -14.2% |
| 1989 | 10.2% | -14.3% |
| 1990 | 9.9% | -3.4% |
| 1991 | 14.3% | +44.9% |
| 1992 | 14.5% | +1.6% |
| 1993 | 12.1% | -16.5% |
| 1994 | 10.3% | -14.7% |
| 1995 | 7.9% | -23.2% |
| 1996 | 2.4% | -70.2% |
| 1997 | 0.5% | -78.1% |
| 1998 | 0.1% | -75.2% |
| 1999 | 1.5% | +1099.4% |
| 2000 | 0.0% | -98.2% |
| 2001 | 2.4% | +8594.8% |
| 2002 | 0.1% | -97.5% |
| 2003 | 0.0% | -49.7% |
| 2004 | 0.1% | +114.4% |
| 2005 | 6.4% | +10042.0% |
| 2006 | 0.1% | -98.5% |
| 2007 | 0.1% | -5.0% |
| 2008 | 2.7% | +2830.9% |
| 2009 | 7.4% | +174.3% |
| 2010 | 20.2% | +174.0% |
| 2011 | 11.0% | -45.6% |
| 2012 | 11.5% | +4.9% |
| 2013 | 12.5% | +8.3% |
| 2014 | 12.7% | +1.6% |
| 2015 | 11.8% | -6.8% |
| 2016 | 10.5% | -11.3% |
| 2017 | 9.9% | -6.0% |
| 2018 | 13.4% | +36.1% |
| 2019 | 15.6% | +16.3% |
| 2020 | 22.8% | +46.1% |
| 2021 | 18.4% | -19.4% |
| 2022 | 37.1% | +101.9% |
| 2023 | 16.8% | -54.7% |
| 2024 | 16.9% | +0.4% |
| 2025 | 18.2% | +8.0% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 18.2% is above the median for high income countries, which is 6.4%, 2.9× the median. (72 countries reporting)
- Trinidad and Tobago's 18.2% is above the median for Latin America & Caribbean, which is 10.1%, 1.8× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Trinidad and Tobago changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | +10042.0% | 0.1% | 6.4% |
| 2001 | +8594.8% | 0.0% | 2.4% |
| 2008 | +2830.9% | 0.1% | 2.7% |
| 1999 | +1099.4% | 0.1% | 1.5% |
| 2009 | +174.3% | 2.7% | 7.4% |
| 2010 | +174.0% | 7.4% | 20.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.5% | 9.3% | 9.6% | 5 |
| 1980s | 9.9% | 7.7% | 13.9% | 10 |
| 1990s | 7.4% | 0.1% | 14.5% | 10 |
| 2000s | 1.9% | 0.0% | 7.4% | 10 |
| 2010s | 12.9% | 9.9% | 20.2% | 10 |
| 2020s | 21.7% | 16.8% | 37.1% | 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 18.2% 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 37.1% in 2022.
- What is the lowest insurance and financial services recorded in Trinidad and Tobago?
- The lowest recorded value was 0.0% in 2000.
- How does Trinidad and Tobago rank for insurance and financial services?
- Trinidad and Tobago ranks 12th out of 197 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 54.0%. 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 imports). 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 imports which are commercial services provided by non-residents to residents.