France | Total natural resources rents (% of GDP)

Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents. Development relevance: Accounting for the contribution of natural resources to economic output is important in building an analytical framework for sustainable development. In some countries earnings from natural resources, especially from fossil fuels and minerals, account for a sizable share of GDP, and much of these earnings come in the form of economic rents - revenues above the cost of extracting the resources. Natural resources give rise to economic rents because they are not produced. For produced goods and services competitive forces expand supply until economic profits are driven to zero, but natural resources in fixed supply often command returns well in excess of their cost of production. Rents from nonrenewable resources - fossil fuels and minerals - as well as rents from overharvesting of forests indicate the liquidation of a country's capital stock. When countries use such rents to support current consumption rather than to invest in new capital to replace what is being used up, they are, in effect, borrowing against their future. Statistical concept and methodology: The estimates of natural resources rents are calculated as the difference between the price of a commodity and the average cost of producing it. This is done by estimating the price of units of specific commodities and subtracting estimates of average unit costs of extraction or harvesting costs. These unit rents are then multiplied by the physical quantities countries extract or harvest to determine the rents for each commodity as a share of gross domestic product (GDP).
Publisher
The World Bank
Origin
French Republic
Records
63
Source
France | Total natural resources rents (% of GDP)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 0.16524399
1971 0.1533881
1972 0.14465504
1973 0.1557118
1974 0.22220409
1975 0.23819992
1976 0.26175999
1977 0.23631317
1978 0.18146349
1979 0.2050521
1980 0.22967969
1981 0.23037552
1982 0.21894948
1983 0.19276333
1984 0.17916865
1985 0.18198978
1986 0.10874697
1987 0.09433878
1988 0.10463473
1989 0.12192232
1990 0.10886456
1991 0.08142541
1992 0.07655949
1993 0.07321498
1994 0.07124239
1995 0.07172627
1996 0.07307264
1997 0.06371826
1998 0.04551326
1999 0.04584474
2000 0.06974441
2001 0.06314865
2002 0.05683789
2003 0.05124895
2004 0.04062595
2005 0.0417273
2006 0.04815751
2007 0.04848353
2008 0.05398007
2009 0.04945861
2010 0.05465713
2011 0.04869243
2012 0.04836096
2013 0.04816984
2014 0.04622518
2015 0.04099134
2016 0.04019016
2017 0.03622504
2018 0.04290511
2019 0.03378782
2020 0.02663187
2021 0.03253664
2022

France | Total natural resources rents (% of GDP)

Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents. Development relevance: Accounting for the contribution of natural resources to economic output is important in building an analytical framework for sustainable development. In some countries earnings from natural resources, especially from fossil fuels and minerals, account for a sizable share of GDP, and much of these earnings come in the form of economic rents - revenues above the cost of extracting the resources. Natural resources give rise to economic rents because they are not produced. For produced goods and services competitive forces expand supply until economic profits are driven to zero, but natural resources in fixed supply often command returns well in excess of their cost of production. Rents from nonrenewable resources - fossil fuels and minerals - as well as rents from overharvesting of forests indicate the liquidation of a country's capital stock. When countries use such rents to support current consumption rather than to invest in new capital to replace what is being used up, they are, in effect, borrowing against their future. Statistical concept and methodology: The estimates of natural resources rents are calculated as the difference between the price of a commodity and the average cost of producing it. This is done by estimating the price of units of specific commodities and subtracting estimates of average unit costs of extraction or harvesting costs. These unit rents are then multiplied by the physical quantities countries extract or harvest to determine the rents for each commodity as a share of gross domestic product (GDP).
Publisher
The World Bank
Origin
French Republic
Records
63
Source