Burundi | 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
Republic of Burundi
Records
63
Source
Burundi | Forest rents (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 6.75179244
1971 5.38352192
1972 6.30829521
1973 8.72371082
1974 8.45226242
1975 9.70803079
1976 7.98212116
1977 12.43084439
1978 11.56800891
1979 8.29405642
1980 8.89358459
1981 7.57597227
1982 10.81338427
1983 6.53842093
1984 6.76347528
1985 5.92949728
1986 8.5669114
1987 9.31221432
1988 10.37671615
1989 10.65041324
1990 13.36928096
1991 12.68584539
1992 14.02066839
1993 14.23864858
1994 17.06171534
1995 23.74932201
1996 28.01560288
1997 23.62156395
1998 27.01923838
1999 15.41724374
2000 15.06093519
2001 18.71641869
2002 24.14952021
2003 40.4082996
2004 30.35116123
2005 26.54978709
2006 23.62793442
2007 32.01122497
2008 32.6579274
2009 30.06556953
2010 23.66392052
2011 24.60457146
2012 17.11612587
2013 17.51576334
2014 17.19328267
2015 15.39156197
2016 18.93760985
2017 18.23743969
2018 13.43176299
2019 13.12743764
2020 13.84755216
2021 13.95703399
2022

Burundi | 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
Republic of Burundi
Records
63
Source