Congo, Dem. Rep. | 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
Democratic Republic of the Congo
Records
63
Source
Congo, Dem. Rep. | Forest rents (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 2.5817808
1971 2.03669629
1972 2.19645148
1973 2.79392687
1974 2.64467637
1975 3.27271723
1976 3.26380331
1977 4.49057878
1978 3.8714543
1979 3.89603607
1980 5.04843543
1981 5.14367827
1982 6.67176121
1983 5.67410435
1984 7.33786664
1985 6.21150055
1986 8.74933983
1987 9.18514393
1988 8.87401878
1989 9.14029414
1990 11.37420485
1991 11.29773364
1992 14.17335143
1993 9.73495172
1994 21.90633963
1995 34.12248251
1996 33.80251195
1997 30.21060706
1998 31.17337322
1999 26.40515883
2000 6.5711696
2001 16.58691837
2002 17.2884589
2003 27.74335561
2004 21.54334641
2005 19.55776364
2006 16.37930058
2007 20.78932369
2008 21.26861422
2009 23.06516108
2010 17.7354068
2011 17.0388914
2012 17.44136491
2013 16.37439763
2014 16.5325137
2015 16.47369529
2016 17.80379648
2017 17.10397849
2018 9.54033114
2019 8.48541274
2020 9.93475684
2021 9.36463182
2022

Congo, Dem. Rep. | 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
Democratic Republic of the Congo
Records
63
Source