Japan | 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
State of Japan
Records
63
Source
Japan | Natural gas rents (% of GDP)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 0
1971 0.00154618
1972 0.00177111
1973 0.00213929
1974 0.00923803
1975 0.0142011
1976 0.01361751
1977 0.01166975
1978 0.00892964
1979 0.0110453
1980 0.00933648
1981 0.00340226
1982 0.00120109
1983 0.00225268
1984 0.00279809
1985 0.00351499
1986 0.0034679
1987 0.00256995
1988 0.00171627
1989 0.00184351
1990 0.00261203
1991 0.00200857
1992 0.00196853
1993 0.00210785
1994 0.00215477
1995 0.00198079
1996 0.00258804
1997 0.00306615
1998 0.00241314
1999 0.00236082
2000 0.0036993
2001 0.00380597
2002 0.00383014
2003 0.00461007
2004 0.00509653
2005 0.00558075
2006 0.00574036
2007 0.00620308
2008 0.00611778
2009 0.00547499
2010 0.00516617
2011 0.00529773
2012 0.00481474
2013 0.0047763
2014 0.0062921
2015 0.00750712
2016 0.00501933
2017 0.00554716
2018 0.00711272
2019 0.00645253
2020 0.00484052
2021 0.008807
2022

Japan | 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
State of Japan
Records
63
Source