Middle East & North Africa (excluding high income) | 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
Middle East & North Africa (excluding high income)
Records
63
Source
Middle East & North Africa (excluding high income) | Total natural resources rents (% of GDP)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 8.33304636
1971 9.23337028
1972 10.08989183
1973 12.81171138
1974 36.59644058
1975 30.49727081
1976 28.55964912
1977 26.99874141
1978 26.44960717
1979 30.85448144
1980 33.23651692
1981 23.46421938
1982 17.69515037
1983 16.13012216
1984 15.62761211
1985 14.62143537
1986 6.74279294
1987 11.34870013
1988 11.54179133
1989 16.92495317
1990 16.38071949
1991 12.36623953
1992 11.51435094
1993 15.25133797
1994 15.71562239
1995 13.85737838
1996 14.39213833
1997 13.04333021
1998 9.1220653
1999 12.41129607
2000 19.64343553
2001 15.99157651
2002 15.86647646
2003 16.60208659
2004 19.97808767
2005 25.16147429
2006 26.15706085
2007 23.67789567
2008 27.09570394
2009 16.79283019
2010 19.08995296
2011 24.00357571
2012 23.16323192
2013 22.24273032
2014 20.40173234
2015 12.32970194
2016 10.72438091
2017 14.90756589
2018 21.75457786
2019 18.05379359
2020 11.5149579
2021 19.33129378
2022

Middle East & North Africa (excluding high income) | 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
Middle East & North Africa (excluding high income)
Records
63
Source