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FinObservatory

Chinese overseas lending / TTO

Trinidad and Tobago: debt owed to China

In 2021, Trinidad and Tobago is estimated to have owed China $295m, equal to 1.2% of its GDP, which ranks it 92 of 126 borrowers in the panel by dollars owed. The estimated stock peaked at $358m in 2015.

$295m
Estimated total, 2021
rank 92 of 126
1.2%
Percent of GDP
2021
$295m
Public and publicly guaranteed
2021
$0
Private non-guaranteed
0.0% of external

The estimated stock, 2000 to 2021

The largest single-year move in the estimated stock is 2013, when it rose by $68m.

Public and publicly guaranteedPrivate non-guaranteedPBoC swap drawings

Source: Horn, Reinhart and Trebesch, China’s Overseas Lending. Selection: estimated stock owed to China by Trinidad and Tobago, by year and instrument, 2000 to 2021. Zeros are estimated zeros (no known loans outstanding), not missing values. Methodology

Historical loan records from the 2021 release

These records come from the 2021 HRT Mendeley replication release, not the November 2025 refreshed stock panel charted above. The refresh uses the updated Franz, Horn, Parks, Reinhart and Trebesch methodology, so this table cannot be reconciled to the chart. The earlier release marks 2 loan-level records for Trinidad and Tobago as part of its debt-estimate sample, spanning 2013 to 2013. Comparable commitments are available for 2 of those loans and sum to $235m. These are gross commitments, not outstanding debt stocks. The stock methodology applies disbursement and amortisation profiles, with imputation where loan terms are missing, so the commitment sum must not be compared with the stock above. See the methodology. Terms are sparse by source: interest rate appears on 0 loans, grace period on 2, maturity on 2, any of the three on 2, and all three together on 0. The earlier file also carries 13 additional project rows for Trinidad and Tobago outside that sample, so they are not included in this table.

2
Loans in 2021 sample
2013 to 2013
2
Loans with CommitmentUSD
$235m
2
Loans with any terms
0 with all three
13
Rows outside 2021 sample
15 raw rows total
YearProjectCommitment, USDCommitment, source currencyTermsCreditorType
2013
China Eximbank provides loan for Couva's Children Hospital
ID: TTO_11 · Source: AidData, Inter-American Dialogue
$150mn/arate n/a | grace 6y | maturity 16y
China Export-Import Bank (Ex-Im)
State-owned policy bank
Loan
Concessional · borrower Central government
2013
China Eximbank provides loan for sporting facilities
ID: TTO_12 · Source: Inter-American Dialogue
$85mn/arate n/a | grace 6y | maturity 16y
China Export-Import Bank (Ex-Im)
State-owned policy bank
Loan
loan type n/a · borrower Central government

Source: Horn, Reinhart and Trebesch, China’s Overseas Lending (2021 Mendeley replication loan file). Selection: 2021 replication loan records mapped to Trinidad and Tobago and flagged DebtEstimateSample = 1 in that release. This is an earlier source universe, not the records used for the November 2025 refreshed stock panel. CommitmentUSD is a gross commitment flow and is not comparable to the charted stock. Commitment stays in its source currency, and ProjectDescription is rendered as free-text data from the file. Methodology

Against what Trinidad and Tobago reports owing to all creditors

No comparison is possible. Trinidad and Tobago has no row in the World Bank International Debt Statistics table. There is no reported all-creditor stock to measure the China estimate against, so the ratio is n/a, not zero and not a hundred percent. This is a difference in the scope of the two datasets, not evidence of anything hidden. The two-sources page lists every borrower in this position.