Germany | Coal rents (% of GDP)

Coal rents are the difference between the value of both hard and soft coal production at world prices and their total costs of production. 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
Federal Republic of Germany
Records
63
Source
Germany | Coal rents (% of GDP)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 0.13244488
1971 0.15125126
1972 0.11580394
1973 0.09550387
1974 0.17481623
1975 0.55896621
1976 0.5934606
1977 0.49538188
1978 0.33754386
1979 0.27045034
1980 0.3468459
1981 0.73756106
1982 0.8292171
1983 0.45556111
1984 0.33107727
1985 0.36743126
1986 0.1417872
1987 0.0634453
1988 0.0570128
1989 0.07725105
1990 0.10366933
1991 0.08376954
1992 0.05440201
1993 0.03133978
1994 0.01727471
1995 0.02352697
1996 0.02137949
1997 0.01907831
1998 0.0171083
1999 0.00920453
2000 0.0156124
2001 0.03635042
2002 0.02121064
2003 0.01558473
2004 0.06946856
2005 0.06083446
2006 0.05741168
2007 0.05929909
2008 0.17803913
2009 0.0645514
2010 0.10060522
2011 0.1146953
2012 0.05482886
2013 0.02371626
2014 0.01880449
2015 0.0146564
2016 0.01422418
2017 0.01797049
2018 0.01818261
2019 0.0095331
2020 0.00663106
2021 0.01448087
2022

Germany | Coal rents (% of GDP)

Coal rents are the difference between the value of both hard and soft coal production at world prices and their total costs of production. 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
Federal Republic of Germany
Records
63
Source