Iran, Islamic Rep. | 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
Islamic Republic of Iran
Records
63
Source
Iran, Islamic Rep. | Forest rents (% of GDP)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 0.3955164
1971 0.96119816
1972 0.30956211
1973 0.17518587
1974 0.10367019
1975 0.2182676
1976 0.0802572
1977 0.12637981
1978 0.12896839
1979 0.15688363
1980 0.15502539
1981 0.10867759
1982 0.10228592
1983 0.07801866
1984 0.05850937
1985 0.05245883
1986 0.05846088
1987 0.09584743
1988 0.02146485
1989 0.02653731
1990 0.02390704
1991
1992
1993 0.09858126
1994 0.02932156
1995 0.03497406
1996 0.035164
1997 0.04156246
1998 0.03717644
1999 0.06863792
2000 0.02886366
2001 0.04243096
2002 0.02218467
2003 0.02294858
2004 0.00961467
2005 0.00761246
2006 0.00874409
2007 0.00781872
2008 0.01231206
2009 0.0122327
2010 0.01153126
2011 0.00802826
2012 0.00967819
2013 0.013193
2014 0.01457315
2015 0.00813361
2016 0.00389787
2017 0.00624743
2018 0.01147547
2019 0.01549431
2020 0.01232296
2021 0.00800076
2022

Iran, Islamic Rep. | 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
Islamic Republic of Iran
Records
63
Source