Question

Describe the external debt in Trinidad and Tobago.

Answer 1

External debt reflects the portion of the debt of a country borrowed from foreign borrowers, including exchange banks, governments and international financial institutions. In the currency in which the loan was made, these loans, including interest, would usually be payable.

Trinidad and Tobago's external debt (total) is 4.82 million ($billion), and 121 million ($billion) worldwide.

11 years of growth: The external debt of Trinidad and Tobago (Total) rose by 72.3 (percent), from (2002 to 2013) in the last 11 years.

Average for the last eleven years: in the last 11 years from (2002 to 2013) there was an overall foreign debt (total) of 3.59 (million dollars).

During the Great Recession: the external debt (total) in Trinidad and Tobago rose positively by 41,3% in the Great Recession in Trinidad and Tobago, with a positive growth of 25,0% after the end of the Great Recession Tobago's external debt (total)

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