Morocco - Coal rents (% of GDP)

Coal rents (% of GDP) in Morocco was 0.000 as of 2019. Its highest value over the past 48 years was 0.116 in 1982, while its lowest value was 0.000 in 1999.

Definition: Coal rents are the difference between the value of both hard and soft coal production at world prices and their total costs of production.

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
1971 0.004
1972 0.005
1973 0.008
1974 0.028
1975 0.084
1976 0.086
1977 0.077
1978 0.055
1979 0.044
1980 0.052
1981 0.104
1982 0.116
1983 0.067
1984 0.057
1985 0.064
1986 0.027
1987 0.005
1988 0.011
1989 0.013
1990 0.014
1991 0.013
1992 0.010
1993 0.001
1994 0.001
1995 0.011
1996 0.005
1997 0.002
1998 0.002
1999 0.000
2000 0.000
2001 0.000
2002 0.000
2003 0.000
2004 0.001
2005 0.000
2006 0.000
2007 0.000
2008 0.000
2009 0.000
2010 0.000
2011 0.000
2012 0.000
2013 0.000
2014 0.000
2015 0.000
2016 0.000
2017 0.000
2018 0.000
2019 0.000

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