Haiti | 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 Haiti
Records
63
Source
Haiti | Forest rents (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 1.62573664
1971 1.40820062
1972 1.55034064
1973 1.99254543
1974 1.79702299
1975 1.96367103
1976 1.25903379
1977 1.74864959
1978 1.81528006
1979 1.94457512
1980 1.68926297
1981 1.45753838
1982 2.65687001
1983 1.10978766
1984 0.65150363
1985 0.42769592
1986 0.40868693
1987 0.5146835
1988 0.41243239
1989 0.42611193
1990 0.75898065
1991 0.75457892
1992 1.16755025
1993 1.25091937
1994 1.18848565
1995 1.22519463
1996 0.94284781
1997 0.99375137
1998 0.77842483
1999 0.61939617
2000 0.34944957
2001 0.38329502
2002 0.39688502
2003 0.51831685
2004 0.41505657
2005 0.35353437
2006 0.47448398
2007 0.40357565
2008 0.39971273
2009 0.33746373
2010 0.66574136
2011 0.53024729
2012 0.4934474
2013 0.58650727
2014 0.69928859
2015 0.57476753
2016 0.79021684
2017 0.65734272
2018 0.44034487
2019 0.44331868
2020 0.57784413
2021 0.32764197
2022

Haiti | 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 Haiti
Records
63
Source