Myanmar | 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
Republic of the Union of Myanmar
Records
63
Source
Myanmar | Coal rents (% of GDP)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971 0.00024724
1972 0.00026704
1973 0.0002676
1974 0.00372859
1975 0.01410197
1976 0.0120718
1977 0.01972061
1978 0.0282672
1979 0.02774804
1980 0.03622202
1981 0.09334115
1982 0.10563522
1983 0.05379818
1984 0.04729469
1985 0.06037629
1986 0.02838409
1987 0.00268788
1988 0.01255199
1989 0.01666539
1990 0.01937917
1991 0.01676176
1992 0.00784779
1993 0.00084627
1994 0.00070407
1995 0.00226701
1996 0.00088711
1997 0.00046092
1998 0.00114095
1999 0.00220662
2000 0.01134305
2001 0.07580519
2002 0.01526969
2003 0.01947426
2004 0.12528531
2005 0.09238158
2006 0.11201403
2007 0.15015759
2008 0.22170714
2009 0.05009723
2010 0.08637038
2011 0.08602363
2012 0.05645733
2013 0.02703697
2014 0.02514792
2015 0.0151773
2016 0.00859612
2017 0.01542986
2018 0.02945887
2019 0.03409268
2020 0.02429251
2021 0.04643373
2022

Myanmar | 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
Republic of the Union of Myanmar
Records
63
Source