Tunisia | Natural gas rents (% of GDP)

Natural gas rents are the difference between the value of natural gas production at regional prices and 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
Tunisian Republic
Records
63
Source
Tunisia | Natural gas rents (% of GDP)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 0.12312931
1971 0.1376216
1972 0.15671614
1973 0.15639576
1974 0.12610197
1975 0.1913873
1976 0.20110198
1977 0.20697703
1978 0.19414296
1979 0.22510028
1980 0.14074016
1981 0.13461022
1982 0.05952005
1983 0.17540995
1984 0.15651367
1985 0.13545457
1986 0.13624159
1987 0.09912726
1988 0.08987079
1989 0.09012148
1990 0.07782779
1991 0.05210382
1992 0.06673691
1993 0.06832688
1994 0.06349529
1995 0.05590946
1996 0.14240798
1997 0.28407975
1998 0.28758242
1999 0.25941381
2000 0.36138213
2001 0.45793952
2002 0.35707248
2003 0.30924653
2004 0.30660942
2005 0.39921056
2006 0.39920954
2007 0.31995454
2008 0.37588783
2009 0.4337468
2010 0.34470919
2011 0.40189574
2012 0.40814812
2013 0.37775203
2014 0.42342392
2015 0.27368285
2016 0.20086999
2017 0.23643346
2018 0.34989645
2019 0.30849731
2020 0.30326999
2021 0.49099803
2022

Tunisia | Natural gas rents (% of GDP)

Natural gas rents are the difference between the value of natural gas production at regional prices and 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
Tunisian Republic
Records
63
Source