Algeria | Forest rents (% of GDP)

Forest rents are roundwood harvest times the product of regional prices and a regional rental rate. 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
People's Democratic Republic of Algeria
Records
63
Source
Algeria | Forest rents (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 0.199224
1971 0.18970713
1972 0.15485892
1973 0.16545293
1974 0.12584574
1975 0.13584527
1976 0.0958305
1977 0.13294204
1978 0.13687155
1979 0.10588314
1980 0.09513852
1981 0.09178055
1982 0.20436254
1983 0.13080753
1984 0.12049158
1985 0.04493853
1986 0.10855493
1987 0.10680149
1988 0.12481183
1989 0.1356339
1990 0.12611687
1991 0.178403
1992 0.15032559
1993 0.11388242
1994 0.1406971
1995 0.21514815
1996 0.20154239
1997 0.19799698
1998 0.26998679
1999 0.14072787
2000 0.0999629
2001 0.11687409
2002 0.12361997
2003 0.14019854
2004 0.10861042
2005 0.0887542
2006 0.09642307
2007 0.07868842
2008 0.10983529
2009 0.13451036
2010 0.13719268
2011 0.12701593
2012 0.14015445
2013 0.11685944
2014 0.1841246
2015 0.21690879
2016 0.17522938
2017 0.20696723
2018 0.10409435
2019 0.14224658
2020 0.1554571
2021 0.1291895
2022

Algeria | Forest rents (% of GDP)

Forest rents are roundwood harvest times the product of regional prices and a regional rental rate. 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
People's Democratic Republic of Algeria
Records
63
Source