Mexico | 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
United Mexican States
Records
63
Source
Mexico | Coal rents (% of GDP)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971 0.01868342
1972 0.01604531
1973 0.01720445
1974 0.03479596
1975 0.0692885
1976 0.07290957
1977 0.09409485
1978 0.07494758
1979 0.05292865
1980 0.03135673
1981 0.02959009
1982 0.05564123
1983 0.06960509
1984 0.05206379
1985 0.04332846
1986 0.04572424
1987 0.02478763
1988 0.01626419
1989 0.02300985
1990 0.02828942
1991 0.01950165
1992 0.01088213
1993 0.00454705
1994 0.00358216
1995 0.01081604
1996 0.00946027
1997 0.00654849
1998 0.0038317
1999 0.00095513
2000 0.00101267
2001 0.00695825
2002 0.0026138
2003 0.00418838
2004 0.02730226
2005 0.0295647
2006 0.03552474
2007 0.03528742
2008 0.10668041
2009 0.053514
2010 0.07968717
2011 0.1326253
2012 0.05944352
2013 0.03949653
2014 0.02962175
2015 0.01462091
2016 0.02079441
2017 0.02464106
2018 0.02519624
2019 0.0153903
2020 0.01113135
2021 0.01612055
2022

Mexico | 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
United Mexican States
Records
63
Source