France | 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
French Republic
Records
63
Source
France | Forest rents (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 0.10895223
1971 0.09650155
1972 0.09515001
1973 0.11753009
1974 0.12487272
1975 0.10845434
1976 0.11091255
1977 0.10256704
1978 0.09035338
1979 0.10084681
1980 0.10230867
1981 0.08265325
1982 0.08795514
1983 0.08383986
1984 0.07444804
1985 0.07603154
1986 0.06801539
1987 0.060029
1988 0.07849942
1989 0.08574996
1990 0.06871845
1991 0.05700718
1992 0.05467975
1993 0.0530502
1994 0.05330637
1995 0.0544233
1996 0.05568845
1997 0.05031246
1998 0.04201459
1999 0.038731
2000 0.05309224
2001 0.04606919
2002 0.04354553
2003 0.03991721
2004 0.02995149
2005 0.02879944
2006 0.03204384
2007 0.03441356
2008 0.03452976
2009 0.037504
2010 0.04204591
2011 0.03502263
2012 0.03279418
2013 0.03552053
2014 0.03658725
2015 0.03578558
2016 0.03628361
2017 0.03096915
2018 0.03445424
2019 0.02696675
2020 0.02331337
2021 0.02529665
2022

France | 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
French Republic
Records
63
Source