Denmark | 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
Kingdom of Denmark
Records
63
Source
Denmark | Forest rents (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 0.06755699
1971 0.05573779
1972 0.05601073
1973 0.06083818
1974 0.04519193
1975 0.04584938
1976 0.04968102
1977 0.04025006
1978 0.04370097
1979 0.04772913
1980 0.05473554
1981 0.04972439
1982 0.08146224
1983 0.05772384
1984 0.0439475
1985 0.04062547
1986 0.03465605
1987 0.02556277
1988 0.02657846
1989 0.02909667
1990 0.02298381
1991 0.01725473
1992 0.01632885
1993 0.01650339
1994 0.01551023
1995 0.01538568
1996 0.01545496
1997 0.01307958
1998 0.01220591
1999 0.01158785
2000 0.0292464
2001 0.0129093
2002 0.01136726
2003 0.01145964
2004 0.00888426
2005 0.01457587
2006 0.01228699
2007 0.01479623
2008 0.01417312
2009 0.01467529
2010 0.0171826
2011 0.01524076
2012 0.01648601
2013 0.02020879
2014 0.02247424
2015 0.02260801
2016 0.01941522
2017 0.01705058
2018 0.01941419
2019 0.01540711
2020 0.01314242
2021 0.01326914
2022

Denmark | 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
Kingdom of Denmark
Records
63
Source