Comparative advantage in environmental goods in Trinidad and Tobago
Trinidad and Tobago: Comparative advantage in environmental goods was 5.53 index in 2015. ▲ Rising
Comparative advantage in environmental goods in Trinidad and Tobago, 1998–2015
Source: IMF Climate Change Dashboard. Data sources: UN Comtrade, DESA/UNSD; IMF staff calculations. Measured in index.
Analysis
Trinidad and Tobago recorded 5.53 index for comparative advantage in environmental goods in 2015.
Compared with earlier readings it is up 4.9% on the previous year and up 26.3% over ten years.
Over the whole period, comparative advantage in environmental goods in Trinidad and Tobago peaked at 5.87 index in 2011 and was at its lowest, 1.75 index, in 2009.
That places Trinidad and Tobago 2nd out of 163 countries with data for 2015, putting it in the top 10%.
The long-run direction has been consistently rising across the 18 years of available data.
Comparative advantage in environmental goods in Trinidad and Tobago, year by year
| Year | index | Change |
|---|---|---|
| 1998 | 4.74 index | — |
| 1999 | 4.18 index | -11.8% |
| 2000 | 3.99 index | -4.6% |
| 2001 | 3.6 index | -9.8% |
| 2002 | 3.62 index | +0.5% |
| 2003 | 3.81 index | +5.4% |
| 2004 | 5.57 index | +46.0% |
| 2005 | 4.38 index | -21.4% |
| 2006 | 3.38 index | -22.7% |
| 2007 | 4.14 index | +22.4% |
| 2008 | 3.92 index | -5.4% |
| 2009 | 1.75 index | -55.3% |
| 2010 | 4.34 index | +147.9% |
| 2011 | 5.87 index | +35.4% |
| 2012 | 5.14 index | -12.6% |
| 2013 | 5.15 index | +0.4% |
| 2014 | 5.27 index | +2.2% |
| 2015 | 5.53 index | +4.9% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 5.53 index is above the median for high income countries, which is 0.6392 index, 8.6× the median. (62 countries reporting)
- Trinidad and Tobago's 5.53 index is above the median for Latin America & Caribbean, which is 0.2095 index, 26.4× the median. (30 countries reporting)
Biggest year-on-year movements
Years where Comparative advantage in environmental goods 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 |
|---|---|---|---|
| 2010 | +147.9% | 1.75 index | 4.34 index |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.46 index | 4.18 index | 4.74 index | 2 |
| 2000s | 3.82 index | 1.75 index | 5.57 index | 10 |
| 2010s | 5.22 index | 4.34 index | 5.87 index | 6 |
Countries ranked near Trinidad and Tobago
More reference data data for Trinidad and Tobago
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0696 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0589 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.165 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0005 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.165 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.2333 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.0945 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.3189 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7976 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0027 (2050)
Frequently asked questions
- What is comparative advantage in environmental goods in Trinidad and Tobago?
- Comparative advantage in environmental goods in Trinidad and Tobago was 5.53 index in 2015, according to IMF Climate Change Dashboard. Data sources: UN Comtrade, DESA/UNSD; IMF staff calculations.
- What is the highest comparative advantage in environmental goods recorded in Trinidad and Tobago?
- The highest recorded value was 5.87 index in 2011.
- What is the lowest comparative advantage in environmental goods recorded in Trinidad and Tobago?
- The lowest recorded value was 1.75 index in 2009.
- How does Trinidad and Tobago rank for comparative advantage in environmental goods?
- Trinidad and Tobago ranks 2nd out of 163 countries with data for 2015.
- Is comparative advantage in environmental goods rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 26.3%. The long-run trend across the full record is rising.
- Where does this Trinidad and Tobago data come from?
- The figures come from IMF Climate Change Dashboard. Data sources: UN Comtrade, DESA/UNSD; IMF staff calculations, published as part of Comparative advantage in environmental goods (index). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Environmental goods include both goods connected to environmental protection—such as goods related to pollution management and resource management—and adapted goods—which are goods that have been specifically modified to be more “environmentally friendly” or “cleaner.” Comparative advantage is a measure of the relative advantage or disadvantage a particular country has in a certain class of goods (in this case, environmental goods), and can be used to evaluate export potential in that class of goods. Environmental goods include both goods connected to environmental protection—such as goods related to pollution management and resource management—and adapted goods—which are goods that have been specifically modified to be more “environmentally friendly” or “cleaner.” A value greater than one indicates a relative advantage in environmental goods, while a value of less than one indicates a relative disadvantage.