Insurance and financial services in Trinidad and Tobago
Trinidad and Tobago: Insurance and financial services was 12.7% 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 service exports, BoP.
Analysis
The most recent figure for insurance and financial services in Trinidad and Tobago is 12.7%, measured in 2025.
That represents a change of down 13.5% on the previous year and up 174.0% over ten years.
Over the whole period, insurance and financial services in Trinidad and Tobago peaked at 25.8% in 2021 and was at its lowest, 4.2%, in 2014.
That places Trinidad and Tobago 21st out of 190 countries with data for 2025, putting it 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 service exports, BoP | Change |
|---|---|---|
| 1995 | 8.9% | — |
| 1996 | 6.6% | -25.9% |
| 1997 | 6.7% | +2.1% |
| 1998 | 4.5% | -32.8% |
| 1999 | 4.5% | +0.4% |
| 2000 | 8.3% | +82.6% |
| 2001 | 13.6% | +64.6% |
| 2002 | 15.7% | +14.9% |
| 2003 | 15.8% | +0.9% |
| 2004 | 13.3% | -15.7% |
| 2005 | 15.1% | +13.3% |
| 2006 | 16.4% | +8.5% |
| 2007 | 15.1% | -7.4% |
| 2008 | 24.0% | +58.8% |
| 2009 | 14.1% | -41.3% |
| 2010 | 15.9% | +12.9% |
| 2011 | 5.5% | -65.7% |
| 2012 | 9.6% | +76.6% |
| 2013 | 4.3% | -55.5% |
| 2014 | 4.2% | -1.3% |
| 2015 | 4.6% | +9.3% |
| 2016 | 5.7% | +23.2% |
| 2017 | 6.3% | +9.7% |
| 2018 | 8.7% | +39.9% |
| 2019 | 12.5% | +42.9% |
| 2020 | 24.0% | +91.7% |
| 2021 | 25.8% | +7.7% |
| 2022 | 15.3% | -40.7% |
| 2023 | 13.6% | -11.4% |
| 2024 | 14.6% | +8.0% |
| 2025 | 12.7% | -13.5% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 12.7% is above the median for high income countries, which is 5.3%, 2.4× the median. (69 countries reporting)
- Trinidad and Tobago's 12.7% 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 | 6.2% | 4.5% | 8.9% | 5 |
| 2000s | 15.1% | 8.3% | 24.0% | 10 |
| 2010s | 7.7% | 4.2% | 15.9% | 10 |
| 2020s | 17.7% | 12.7% | 25.8% | 6 |
Countries ranked near Trinidad and Tobago
More economy & growth data for Trinidad and Tobago
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.73 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.79 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -390.11 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.015 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -285.22 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -794.39 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -75.3 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0306 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -580.8 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -10.46 % change on previous year (2024)
Frequently asked questions
- What is insurance and financial services in Trinidad and Tobago?
- Insurance and financial services in Trinidad and Tobago was 12.7% 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 25.8% in 2021.
- What is the lowest insurance and financial services recorded in Trinidad and Tobago?
- The lowest recorded value was 4.2% in 2014.
- How does Trinidad and Tobago rank for insurance and financial services?
- Trinidad and Tobago ranks 21st 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 174.0%. 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 service exports, BoP). Statizoid updates them automatically from the source API.
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About this data
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.