Definition: Subsoil asset

Category: SNA

Subsoil assets are proven reserves of mineral deposits located on or below the earth's surface that are economically exploitable, given current technology and relative prices (SNA 1993, Annex to chapter XIII, 13.59 [12.15]).

Subsoil assets are defined as those proven subsoil resources of coal, oil and natural gas, of metallic minerals or of non-metallic minerals that are economically exploitable, given current technology and relative prices (SNA 2008, § 12.17). http://ec.europa.eu/eurostat/ramon/statmanuals/files/SNA2008.pdf United Nations, "System of National Accounts (SNA) 1993", United Nations, New York, 1993
Source:
European Commission (Eurostat), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations (Statistics Division), World Bank, "System of National Accounts 2008", United Nations, New York, 2009
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