Trinidad and Tobago: Oil revenue

* indicates monthly or quarterly data series
 Trinidad and Tobago

Revenue minus production cost of oil, percent of GDP

 Latest value 2.37
 Reference 2020
 Measure percent
 Source The World Bank

For that indicator, we provide data for Trinidad and Tobago from 1970 to 2020. The average value for Trinidad and Tobago during that period was 11.32 percent with a minimum of 1.87 percent in 2016 and a maximum of 34.65 percent in 1979. The latest value from 2020 is 2.37 percent. For comparison, the world average in 2020 based on 181 countries is 2.12 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

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Definition: Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.
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