Oil rents as a share of GDP in Trinidad and Tobago
Trinidad and Tobago: Oil rents as a share of GDP was 2.7% in 2021. ◆ Volatile
Oil rents as a share of GDP in Trinidad and Tobago, 1970–2021
Source: The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
In 2021, oil rents as a share of gdp in Trinidad and Tobago stood at 2.7%.
That represents a change of up 89.6% on the previous year and down 71.4% over ten years.
Over the whole period, oil rents as a share of gdp in Trinidad and Tobago peaked at 34.1% in 1979 and was at its lowest, 1.4%, in 2020.
That places Trinidad and Tobago 36th out of 199 countries with data for 2021, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Oil rents as a share of GDP in Trinidad and Tobago, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 2.5% | — |
| 1971 | 3.6% | +40.7% |
| 1972 | 3.8% | +5.8% |
| 1973 | 6.6% | +74.7% |
| 1974 | 26.7% | +305.8% |
| 1975 | 24.8% | -7.1% |
| 1976 | 25.7% | +3.4% |
| 1977 | 18.5% | -27.7% |
| 1978 | 18.1% | -2.5% |
| 1979 | 34.1% | +88.8% |
| 1980 | 30.9% | -9.5% |
| 1981 | 26.0% | -15.6% |
| 1982 | 10.0% | -61.6% |
| 1983 | 12.7% | +27.2% |
| 1984 | 13.6% | +7.0% |
| 1985 | 14.3% | +4.8% |
| 1986 | 9.0% | -37.1% |
| 1987 | 13.6% | +51.0% |
| 1988 | 10.8% | -20.5% |
| 1989 | 16.6% | +53.7% |
| 1990 | 19.2% | +15.6% |
| 1991 | 10.3% | -46.5% |
| 1992 | 9.8% | -5.0% |
| 1993 | 10.7% | +9.2% |
| 1994 | 9.8% | -7.9% |
| 1995 | 10.9% | +11.5% |
| 1996 | 12.5% | +14.4% |
| 1997 | 10.8% | -13.5% |
| 1998 | 5.4% | -50.1% |
| 1999 | 8.6% | +59.6% |
| 2000 | 10.7% | +24.3% |
| 2001 | 6.8% | -36.1% |
| 2002 | 9.0% | +31.4% |
| 2003 | 8.0% | -11.4% |
| 2004 | 8.5% | +6.0% |
| 2005 | 11.8% | +39.6% |
| 2006 | 12.2% | +3.8% |
| 2007 | 9.3% | -24.4% |
| 2008 | 9.4% | +1.8% |
| 2009 | 6.5% | -31.1% |
| 2010 | 7.3% | +12.8% |
| 2011 | 9.5% | +29.4% |
| 2012 | 7.6% | -19.4% |
| 2013 | 6.4% | -15.5% |
| 2014 | 5.6% | -13.5% |
| 2015 | 2.2% | -59.8% |
| 2016 | 1.8% | -18.7% |
| 2017 | 2.7% | +47.0% |
| 2018 | 3.7% | +36.4% |
| 2019 | 2.8% | -24.2% |
| 2020 | 1.4% | -48.5% |
| 2021 | 2.7% | +89.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.4% | 2.5% | 34.1% | 10 |
| 1980s | 15.7% | 9.0% | 30.9% | 10 |
| 1990s | 10.8% | 5.4% | 19.2% | 10 |
| 2000s | 9.2% | 6.5% | 12.2% | 10 |
| 2010s | 5.0% | 1.8% | 9.5% | 10 |
| 2020s | 2.1% | 1.4% | 2.7% | 2 |
Countries ranked near Trinidad and Tobago
More energy & mining data for Trinidad and Tobago
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate -6.92 % change on previous year (2025)
- Coal consumption, per capita 0 terawatt-hours per person (2025)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per capita 0.0001 terawatt-hours per person (2025)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0.0001 terawatt-hours per person (2025)
- Fuel imports 15.3% (2024)
Frequently asked questions
- What is oil rents as a share of gdp in Trinidad and Tobago?
- Oil rents as a share of gdp in Trinidad and Tobago was 2.7% in 2021, according to The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data.
- What is the highest oil rents as a share of gdp recorded in Trinidad and Tobago?
- The highest recorded value was 34.1% in 1979.
- What is the lowest oil rents as a share of gdp recorded in Trinidad and Tobago?
- The lowest recorded value was 1.4% in 2020.
- How does Trinidad and Tobago rank for oil rents as a share of gdp?
- Trinidad and Tobago ranks 36th out of 199 countries with data for 2021.
- Is oil rents as a share of gdp rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 71.4%. The long-run trend across the full record is volatile.
- Where does this Trinidad and Tobago data come from?
- The figures come from The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data, published as part of Oil rents as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Economic profits generated from oil extraction, measured as the difference between production value and costs, expressed as a percentage of gross domestic product.