Tunisia | 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
Tunisian Republic
Records
63
Source
Tunisia | Total natural resources rents (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 2.64701205
1971 2.84765996
1972 2.58904893
1973 3.16136254
1974 12.96931482
1975 11.88740573
1976 7.96871797
1977 10.39194847
1978 7.97608447
1979 16.7962405
1980 16.32745363
1981 14.74510391
1982 11.94599563
1983 12.32469136
1984 11.92643041
1985 11.10428044
1986 5.28827285
1987 6.26842477
1988 5.18093555
1989 7.07627418
1990 6.83369084
1991 4.51914681
1992 4.14173085
1993 3.59324725
1994 2.89996078
1995 2.71456242
1996 3.08155017
1997 2.58194907
1998 1.81269535
1999 2.3352452
2000 3.70327178
2001 2.9249687
2002 2.84157069
2003 2.55468044
2004 3.04495874
2005 4.33097628
2006 4.79955838
2007 6.3514732
2008 9.88012099
2009 6.99090855
2010 5.80230501
2011 6.26002373
2012 6.61237659
2013 5.46168537
2014 4.5941376
2015 2.68828675
2016 2.18515588
2017 2.51025973
2018 2.82187987
2019 2.2473923
2020 1.46717231
2021 2.24923087
2022

Tunisia | 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
Tunisian Republic
Records
63
Source