Oil rents in Trinidad and Tobago
Trinidad and Tobago: Oil rents was 2.7% in 2021. ◆ Volatile
Oil rents in Trinidad and Tobago, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for oil rents in Trinidad and Tobago is 2.7%, measured in 2021.
The figure is up 89.6% on the previous year and down 71.4% over ten years.
Over the whole period, oil rents in Trinidad and Tobago peaked at 34.1% in 1979 and was at its lowest, 1.4%, in 2020.
Trinidad and Tobago ranks 36th of 201 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Oil rents 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% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 2.7% is above the median for high income countries, which is 0.0%, 231.8× the median. (73 countries reporting)
- Trinidad and Tobago's 2.7% is above the median for Latin America & Caribbean, which is 0.0%, 241.9× the median. (38 countries reporting)
Biggest year-on-year movements
Years where Oil rents in Trinidad and Tobago changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1974 | +305.8% | 6.6% | 26.7% |
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 in Trinidad and Tobago?
- Oil rents in Trinidad and Tobago was 2.7% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Trinidad and Tobago?
- The highest recorded value was 34.1% in 1979.
- What is the lowest oil rents recorded in Trinidad and Tobago?
- The lowest recorded value was 1.4% in 2020.
- How does Trinidad and Tobago rank for oil rents?
- Trinidad and Tobago ranks 36th out of 201 countries with data for 2021.
- Is oil rents 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 (WB), published as part of Oil rents (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 52 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.