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