Low income vs Trinidad and Tobago: Oil rents
Low income
1.1%
in 2021
Trinidad and Tobago
2.7%
in 2021
Low income rank
33rd
Trinidad and Tobago rank
36th
Oil rents over time
- Low income
- Trinidad and Tobago
How they compare
Trinidad and Tobago currently reports 2.7% against 1.1% in Low income, a difference of 1.6%.
That makes Trinidad and Tobago's figure about 2.5 times Low income's.
The two have swapped places 6 times across 42 shared years of data; in 1980 it was Trinidad and Tobago ahead.
Low income ranks 33rd and Trinidad and Tobago ranks 36th of 47 groups.
Trinidad and Tobago has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Low income | Trinidad and Tobago | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 1.9% | 15.7% | 13.8% | Trinidad and Tobago |
| 1990s | 5.1% | 10.8% | 5.7% | Trinidad and Tobago |
| 2000s | 7.2% | 9.2% | 2.0% | Trinidad and Tobago |
| 2010s | 3.4% | 5.0% | 1.5% | Trinidad and Tobago |
| 2020s | 0.9% | 2.1% | 1.2% | Trinidad and Tobago |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher oil rents, Low income or Trinidad and Tobago?
- Trinidad and Tobago, at 2.7% against 1.1% in Low income as of 2021.
- What is the difference in oil rents between Low income and Trinidad and Tobago?
- 1.6%, with Trinidad and Tobago ahead.
- How many years of comparable data are there for Low income and Trinidad and Tobago?
- 42 years are reported by both, from 1980 to 2021.
- How do Low income and Trinidad and Tobago rank globally for oil rents?
- Low income ranks 33rd and Trinidad and Tobago ranks 36th of 47 groups.
- Where does this data come from?
- The Changing Wealth of Nations, World Bank (WB), published as Oil rents (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.