Costa Rica | 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 Costa Rica
Records
63
Source
Costa Rica | Forest rents (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 4.13810935
1971 3.81416476
1972 3.96846112
1973 5.86324949
1974 5.390087
1975 7.25532166
1976 5.570561
1977 5.77839973
1978 5.62614581
1979 6.94174538
1980 5.23447015
1981 8.38705705
1982 11.91273656
1983 4.93803172
1984 2.84929216
1985 2.42229534
1986 2.48377329
1987 3.24504683
1988 3.03896653
1989 2.80858318
1990 3.29156724
1991 2.75818912
1992 2.57139424
1993 2.20327489
1994 2.36855202
1995 2.88606429
1996 2.55839407
1997 2.27672856
1998 1.51276509
1999 1.15252636
2000 1.01376926
2001 1.05072069
2002 0.95177625
2003 0.98097938
2004 0.93482741
2005 0.97383372
2006 1.28793534
2007 1.37239863
2008 1.3017195
2009 1.17795013
2010 1.60982054
2011 1.23059605
2012 1.15330585
2013 1.28004345
2014 1.33354368
2015 1.11246057
2016 1.21521893
2017 1.12598377
2018 0.93653007
2019 0.75270349
2020 0.90133233
2021 0.75444158
2022

Costa Rica | 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 Costa Rica
Records
63
Source