Oil rents (% of GDP) in Trinidad and Tobago stood at 2.71% in 2021, according to World Bank. The latest value is up 1.28 percentage points from 1.43% in 2020. Ten years earlier, in 2011, the value was 9.47% (down 6.76 percentage points since). The highest value since 1970 was 34.1% in 1979, the lowest 1.43% in 2020. Trinidad and Tobago ranked 30th highest of the 190 countries in this dataset in 2021; Libya ranked first.
Data source: World Bank · Unit: % · Category: Commodities and Energy · Explore more indicators on EconDash
Oil rents (% of GDP), measured in %, measures the total economic output of Trinidad and Tobago. It represents the broadest indicator of economic activity, capturing production, income, and expenditure across all sectors — from manufacturing and services to agriculture and government. GDP can be calculated three ways: by adding up all expenditures (consumption + investment + government spending + net exports), by summing all incomes earned, or by totaling value added at each production stage. In Trinidad and Tobago, the statistical agency compiles GDP data through comprehensive surveys of businesses, government records, and household expenditure patterns. While GDP per capita provides insight into average living standards, it does not capture income distribution, environmental costs, or unpaid work like caregiving. Nevertheless, GDP growth remains the most widely followed metric for assessing whether an economy is expanding or contracting.
Oil rents (% of GDP) in Trinidad and Tobago stood at 2.71% in 2021, according to World Bank.
The latest value is up 1.28 percentage points from 1.43% in 2020. Ten years earlier, in 2011, the value was 9.47% (down 6.76 percentage points since).
Trinidad and Tobago ranked 30th highest of the 190 countries in this dataset in 2021; Libya ranked first.
The highest value since 1970 was 34.1% in 1979, the lowest 1.43% in 2020.
| Indicator | Oil rents (% of GDP) |
|---|---|
| Country | Trinidad and Tobago |
| Category | Commodities and Energy |
| Unit | % |
| Source | World Bank |
| Interactive chart | View on EconDash |
| API access | EconDash API documentation |
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World Bank. (2026). Oil rents (% of GDP) — Trinidad and Tobago [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/wdi-ny-gdp-petr-rt-zs/TTO. Original source: https://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS
World Bank. "Oil rents (% of GDP) — Trinidad and Tobago." EconDash, 2026, https://econdash.org/chart/wdi-ny-gdp-petr-rt-zs/TTO. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS.
World Bank. 2026. "Oil rents (% of GDP) — Trinidad and Tobago." EconDash. Accessed November 13, 2026. https://econdash.org/chart/wdi-ny-gdp-petr-rt-zs/TTO. Original source: https://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS.
@misc{econdash_wdi_ny_gdp_petr_rt_zs_tto,
author = {{World Bank}},
title = {{Oil rents (\% of GDP) --- Trinidad and Tobago}},
howpublished = {EconDash},
year = {2026},
url = {https://econdash.org/chart/wdi-ny-gdp-petr-rt-zs/TTO},
note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS}
}Browse indicators available for Trinidad and Tobago. Click any indicator to view its interactive chart, compare with other countries, and download historical data.
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|---|---|
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