Iran, Islamic Rep. | 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
Islamic Republic of Iran
Records
63
Source
Iran, Islamic Rep. | Coal rents (% of GDP)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971 0.01034989
1972 0.01237069
1973 0.01416819
1974 0.01924636
1975 0.0424588
1976 0.0419586
1977 0.03557659
1978 0.02687326
1979 0.02447928
1980 0.02378165
1981 0.02759135
1982 0.02793526
1983 0.01995935
1984 0.01663268
1985 0.01371438
1986 0.00934051
1987 0.00960065
1988 0.01013945
1989 0.0110143
1990 0.01181421
1991
1992
1993 0.0162224
1994 0.00919305
1995 0.00935569
1996 0.00762702
1997 0.00736755
1998 0.0090726
1999 0.00237
2000 0.00362533
2001 0.00760521
2002 0.00784399
2003 0.0048287
2004 0.01152485
2005 0.02142728
2006 0.02221249
2007 0.01198346
2008 0.04415061
2009 0.01946255
2010 0.01776079
2011 0.0223657
2012 0.00931819
2013 0.00681592
2014 0.00469138
2015 0.00314663
2016 0.00372925
2017 0.00630071
2018 0.01087927
2019 0.00989698
2020 0.00843628
2021 0.00939526
2022

Iran, Islamic Rep. | 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
Islamic Republic of Iran
Records
63
Source