Japan | Total natural resources rents (% of GDP)

Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents. 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 | Total natural resources rents (% of GDP)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 0.22801505
1971 0.20039278
1972 0.15984434
1973 0.21932208
1974 0.28059374
1975 0.26423151
1976 0.26634238
1977 0.20797623
1978 0.15505618
1979 0.24076657
1980 0.16089795
1981 0.12010727
1982 0.14777387
1983 0.10549077
1984 0.07672894
1985 0.08630524
1986 0.05031889
1987 0.03701951
1988 0.03544107
1989 0.0399027
1990 0.03686966
1991 0.02894436
1992 0.02491846
1993 0.02265936
1994 0.01828204
1995 0.01699159
1996 0.019113
1997 0.01767076
1998 0.01499107
1999 0.01248866
2000 0.01397865
2001 0.01299227
2002 0.01322766
2003 0.01425736
2004 0.01343823
2005 0.01694601
2006 0.01930752
2007 0.0226743
2008 0.02397248
2009 0.01944897
2010 0.02009688
2011 0.02167697
2012 0.02009017
2013 0.02321269
2014 0.02807088
2015 0.02896871
2016 0.02517687
2017 0.03844587
2018 0.0367554
2019 0.09322866
2020 0.0969972
2021 0.04730446
2022

Japan | Total natural resources rents (% of GDP)

Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents. 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