IDA total | 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
IDA total
Records
63
Source
IDA total | Forest rents (% of GDP)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 1.74058369
1971 1.61905427
1972 1.83155136
1973 2.77835708
1974 2.22048541
1975 2.36955886
1976 2.14027198
1977 3.37724935
1978 3.19323411
1979 2.67546585
1980 2.71372377
1981 1.7888542
1982 2.63034441
1983 2.15102452
1984 2.25621286
1985 1.71734581
1986 2.66436771
1987 2.46921676
1988 2.75571272
1989 2.84617163
1990 2.94810133
1991 2.60943904
1992 3.254716
1993 3.1064697
1994 3.5708976
1995 4.63845537
1996 4.14831833
1997 3.68529673
1998 3.74557949
1999 2.40583743
2000 2.12582693
2001 2.07621656
2002 2.30304009
2003 3.19656581
2004 2.37650492
2005 2.13643676
2006 1.90224607
2007 2.34290127
2008 2.39939986
2009 2.40082897
2010 1.98780326
2011 2.28879788
2012 2.40716227
2013 2.35064725
2014 2.45748071
2015 2.54422458
2016 2.67437014
2017 2.56395624
2018 1.76960829
2019 1.64904377
2020 1.82914587
2021 1.77745281
2022

IDA total | 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
IDA total
Records
63
Source