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Total Natural Resources Rents (As % of GDP) in Trinidad and Tobago

Source: World Bank
Last Updated: May 1, 2021

Total natural resources rents as a percentage of GDP reached 10.6 % in 2018 in Trinidad and Tobago, according to the National Statistical Office. This is 47.2 % more than in the previous year.

Historically, total natural resources rents as a percentage of GDP in Trinidad and Tobago reached an all time high of 34.7 % in 1979 and an all time low of 4.02 % in 1970. When compared to Trinidad and Tobago's main peers, total natural resources rents as a percentage of GDP in Guyana amounted to 19.7 % and 29.2 % in Suriname in 2018.

Trinidad and Tobago has been ranked 39th within the group of 167 countries we follow in terms of total natural resources rents as a percentage of GDP, 7 places above the position seen 10 years ago.

Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents.

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