Germany | Natural gas rents (% of GDP)

Natural gas rents are the difference between the value of natural gas production at regional prices and 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 | Natural gas rents (% of GDP)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 0.01319528
1971 0.01818513
1972 0.02529322
1973 0.0176536
1974 0.0526108
1975 0.06407666
1976 0.06607749
1977 0.05903404
1978 0.05618839
1979 0.07995698
1980 0.08956801
1981 0.0716609
1982 0.03034702
1983 0.05829711
1984 0.06495298
1985 0.05401044
1986 0.03576185
1987 0.01685554
1988 0.01276192
1989 0.01304812
1990 0.015188
1991 0.01021491
1992 0.00482432
1993 0.01112337
1994 0.01052286
1995 0.01759236
1996 0.01894702
1997 0.02280317
1998 0.00286576
1999 0.00304292
2000 0.02204832
2001 0.0475098
2002 0.03372448
2003 0.03043526
2004 0.02184237
2005 0.01811317
2006 0.04001521
2007 0.03598404
2008 0.05291739
2009 0.04051395
2010 0.03119224
2011 0.04256723
2012 0.04161569
2013 0.03574895
2014 0.01897945
2015 0.01500615
2016 0.00893916
2017 0.01073673
2018 0.0124975
2019 0.00822955
2020 0.00375658
2021 0.01769944
2022

Germany | Natural gas rents (% of GDP)

Natural gas rents are the difference between the value of natural gas production at regional prices and 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