Germany - Total natural resources rents (% of GDP)

Total natural resources rents (% of GDP) in Germany was 0.101 as of 2019. Its highest value over the past 49 years was 0.964 in 1982, while its lowest value was 0.047 in 1999.

Definition: Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents.

Source: Estimates based on sources and methods described in "The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium" (World Bank, 2011).

See also:

Year Value
1970 0.234
1971 0.243
1972 0.199
1973 0.222
1974 0.366
1975 0.740
1976 0.778
1977 0.657
1978 0.487
1979 0.483
1980 0.597
1981 0.949
1982 0.964
1983 0.642
1984 0.518
1985 0.558
1986 0.248
1987 0.149
1988 0.136
1989 0.176
1990 0.234
1991 0.135
1992 0.096
1993 0.075
1994 0.060
1995 0.065
1996 0.074
1997 0.070
1998 0.055
1999 0.047
2000 0.096
2001 0.130
2002 0.105
2003 0.098
2004 0.140
2005 0.143
2006 0.166
2007 0.171
2008 0.300
2009 0.160
2010 0.197
2011 0.228
2012 0.165
2013 0.123
2014 0.099
2015 0.076
2016 0.065
2017 0.069
2018 0.085
2019 0.101

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.

Limitations and Exceptions: This definition of economic rent differs from that used in the System of National Accounts, where rents are a form of property income, consisting of payments to landowners by a tenant for the use of the land or payments to the owners of subsoil assets by institutional units permitting them to extract subsoil deposits.

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 world price of units of specific commodities and subtracting estimates of average unit costs of extraction or harvesting costs (including a normal return on capital). 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).

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Environment Indicators

Sub-Topic: Natural resources contribution to GDP