Trinidad and Tobago: Oil rents (% of GDP)
In , Trinidad and Tobago's Oil rents (% of GDP) was 2.71.
That's up 89.6% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Trinidad and Tobago ranks #30 globally out of 190 reporting countries. Within Latin America & Caribbean, it ranks #5 of 35.
Source: World Bank Open Data (NY.GDP.PETR.RT.ZS) • Data as of 2021
Trend (2002–2021)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
Highlights
- Peak
- 12.25
- Trough
- 1.43
- 1-year change
- +89.6%
- 5-year change
- +48.5%
- +8.2% / yr
- 10-year change
- -71.4%
- -11.8% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 2.7105 | |
| 1.4292 | |
| 2.7746 | |
| 3.6606 | |
| 2.6836 | |
| 1.8256 | |
| 2.2455 | |
| 5.5805 | |
| 6.4494 | |
| 7.6353 |
About Oil rents (% of GDP)
Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.
Indicator code: NY.GDP.PETR.RT.ZS • Category: Economy
Frequently asked questions
- What was Trinidad and Tobago's Oil rents (% of GDP) in 2021?
- In 2021, Trinidad and Tobago's Oil rents (% of GDP) was 2.71, according to World Bank Open Data.
- Is Trinidad and Tobago's Oil rents (% of GDP) rising or falling?
- Trinidad and Tobago's Oil rents (% of GDP) rose 89.6% from 2020 to 2021.
- How does Trinidad and Tobago rank globally on Oil rents (% of GDP)?
- In 2021, Trinidad and Tobago ranked #30 out of 190 countries reporting Oil rents (% of GDP).
- How does Trinidad and Tobago's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Trinidad and Tobago is above the world average. Within Latin America & Caribbean, it ranks #5 of 35.
- What is Oil rents (% of GDP) and how is it measured?
- Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.
Source: World Bank Open Data (NY.GDP.PETR.RT.ZS), CC BY 4.0.