Early-demographic dividend | 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
Early-demographic dividend
Records
63
Source
Early-demographic dividend | Forest rents (% of GDP)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 0.63476163
1971 0.58892891
1972 0.60888267
1973 0.91296304
1974 0.67416463
1975 0.76826922
1976 0.62109912
1977 0.96134867
1978 0.86577959
1979 0.68029604
1980 0.63871485
1981 0.51625201
1982 0.74889722
1983 0.50948322
1984 0.41538547
1985 0.34849501
1986 0.50592317
1987 0.53805013
1988 0.52241325
1989 0.5419451
1990 0.53878099
1991 0.54762904
1992 0.5371575
1993 0.4482335
1994 0.46150027
1995 0.57864192
1996 0.52443009
1997 0.45214713
1998 0.4537515
1999 0.33981055
2000 0.29230324
2001 0.29481652
2002 0.35224007
2003 0.42419423
2004 0.31292283
2005 0.2771946
2006 0.29713652
2007 0.33197355
2008 0.3672752
2009 0.35255648
2010 0.35400286
2011 0.34121852
2012 0.33262528
2013 0.33798366
2014 0.37816587
2015 0.38101932
2016 0.39897125
2017 0.3754027
2018 0.28711036
2019 0.27568494
2020 0.3247504
2021 0.27397865
2022

Early-demographic dividend | 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
Early-demographic dividend
Records
63
Source