Heavily indebted poor countries (HIPC) | 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
Heavily indebted poor countries (HIPC)
Records
63
Source
Heavily indebted poor countries (HIPC) | Forest rents (% of GDP)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 3.08100746
1971 2.72056169
1972 2.96379573
1973 4.04796624
1974 3.70360913
1975 4.01397379
1976 3.61434358
1977 5.01234952
1978 4.48316001
1979 4.0750688
1980 4.42731569
1981 4.57490815
1982 6.76230556
1983 4.65335902
1984 4.40643926
1985 3.36386891
1986 4.62177442
1987 4.15375198
1988 4.33006601
1989 4.44165279
1990 5.02604922
1991 4.23539059
1992 6.44946929
1993 5.47757135
1994 7.72857603
1995 9.78541133
1996 8.89292328
1997 8.01677822
1998 7.82384988
1999 5.17576113
2000 4.91158764
2001 4.91534339
2002 5.39095339
2003 7.49844666
2004 5.73268495
2005 5.30120974
2006 4.66057139
2007 5.61340972
2008 5.72857083
2009 5.70589113
2010 4.79791173
2011 5.02460197
2012 5.56557068
2013 5.38960392
2014 5.61451557
2015 6.00526068
2016 6.07532844
2017 5.44384385
2018 4.12700381
2019 3.78276124
2020 4.1120421
2021 3.93462686
2022

Heavily indebted poor countries (HIPC) | 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
Heavily indebted poor countries (HIPC)
Records
63
Source