Bangladesh | 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 Republic of Bangladesh
Records
63
Source
Bangladesh | Forest rents (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 0.29292779
1971 0.25988038
1972 0.33044649
1973 0.49154505
1974 0.37157188
1975 0.55195244
1976 0.66268292
1977 2.42067626
1978 1.74674464
1979 0.62841197
1980 0.66366564
1981 0.52862554
1982 0.86688071
1983 0.60134767
1984 0.49155721
1985 0.29114376
1986 0.52420468
1987 0.43011869
1988 0.43160124
1989 0.39446862
1990 0.4222714
1991 0.43241856
1992 0.42712677
1993 0.33506659
1994 0.2952358
1995 0.33132645
1996 0.26849934
1997 0.22258662
1998 0.21299389
1999 0.21562282
2000 0.20099617
2001 0.19717544
2002 0.18727826
2003 0.19375611
2004 0.18017565
2005 0.1658378
2006 0.2214457
2007 0.33001888
2008 0.2622484
2009 0.22670086
2010 0.36949626
2011 0.35036516
2012 0.28885375
2013 0.20772854
2014 0.19270075
2015 0.20947252
2016 0.18078218
2017 0.13709907
2018 0.07063734
2019 0.07148765
2020 0.08012738
2021 0.0751845
2022

Bangladesh | 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 Republic of Bangladesh
Records
63
Source