Tunisia | Mineral rents (% of GDP)

Mineral rents are the difference between the value of production for a stock of minerals at world prices and their total costs of production. Minerals included in the calculation are tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate. 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
Tunisian Republic
Records
63
Source
Tunisia | Mineral rents (% of GDP)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 0.20634365
1971 0.16088078
1972 0.12010816
1973 0.25173188
1974 3.76631213
1975 3.46850459
1976 0.8633228
1977 2.49208086
1978 0.03869802
1979 0.09628317
1980 0.34812811
1981 0.56472441
1982 0.29735418
1983 0.23273114
1984 0.05591801
1985 0.04631473
1986 0.02105295
1987 0.01309319
1988 0.18487401
1989 0.14603064
1990 0.07418698
1991 0.02538832
1992 0.02337402
1993 0.01318897
1994 0.0408704
1995 0.06102835
1996 0.03606162
1997 0.01023083
1998 0.02672897
1999 0.0212891
2000 0.0157043
2001 0.0089374
2002 0.00687701
2003 0.00512744
2004 0.03441528
2005 0.04717949
2006 0.18598861
2007 0.42605725
2008 3.43341666
2009 2.97124201
2010 1.17495019
2011 0.67925012
2012 0.85346258
2013 0.55935359
2014 0.457422
2015 0.43279368
2016 0.43699208
2017 0.40374794
2018 0.27093509
2019 0
2020 0
2021 0
2022

Tunisia | Mineral rents (% of GDP)

Mineral rents are the difference between the value of production for a stock of minerals at world prices and their total costs of production. Minerals included in the calculation are tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate. 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
Tunisian Republic
Records
63
Source