Cote d'Ivoire | 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
Cote d'Ivoire
Records
63
Source
Cote d'Ivoire | Forest rents (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 5.88211961
1971 5.64893582
1972 6.24912984
1973 7.46318789
1974 6.97736373
1975 5.73987904
1976 5.8418772
1977 5.292521
1978 4.33407993
1979 4.78950155
1980 4.81186623
1981 4.14147748
1982 5.17023104
1983 4.65082549
1984 4.02828188
1985 3.24820989
1986 3.23672078
1987 2.75717142
1988 2.52900617
1989 2.8329587
1990 3.97715725
1991 3.43635962
1992 3.21887287
1993 3.12604383
1994 4.97078951
1995 4.79845231
1996 2.6707598
1997 2.40731989
1998 2.31118315
1999 1.95882111
2000 2.337616
2001 1.86945334
2002 1.81782277
2003 1.92749979
2004 1.45103886
2005 1.45857096
2006 1.47922268
2007 1.77953766
2008 1.90768603
2009 1.83447616
2010 1.97683794
2011 2.12923468
2012 2.42796237
2013 2.14475508
2014 2.05647362
2015 2.08311829
2016 2.10759702
2017 1.98953608
2018 1.47066904
2019 1.30790325
2020 1.31857899
2021 1.22441901
2022

Cote d'Ivoire | 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
Cote d'Ivoire
Records
63
Source