Japan | 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
State of Japan
Records
63
Source
Japan | Coal rents (% of GDP)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 0.01977061
1971 0.01206361
1972 0.00715927
1973 0.00533881
1974 0.01733002
1975 0.05017273
1976 0.05670274
1977 0.04641774
1978 0.02755787
1979 0.02159681
1980 0.02360568
1981 0.03567651
1982 0.04234149
1983 0.02341972
1984 0.0156312
1985 0.01461981
1986 0.00512865
1987 0.00043619
1988 0.00112686
1989 0.0017044
1990 0.00145445
1991 0.00102975
1992 0.0004659
1993 2.764E-5
1994 2.365E-5
1995 0.00027888
1996 5.969E-5
1997 1.914E-5
1998 6.152E-5
1999 2.454E-5
2000 5.0E-5
2001 0.00040929
2002 4.671E-5
2003 4.255E-5
2004 0.00057087
2005 0.00037756
2006 0.00046552
2007 0.00074005
2008 0.0016899
2009 0.00047359
2010 0.0008208
2011 0.00112675
2012 0.00068164
2013 0.00067358
2014 0.00061134
2015 0.00035643
2016 0.00036261
2017 0.0005065
2018 0.00040631
2019 0.0002353
2020 0.00019516
2021 0.00035749
2022

Japan | 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
State of Japan
Records
63
Source