Italy | 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
Italian Republic
Records
63
Source
Italy | Forest rents (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 0.04687455
1971 0.03564248
1972 0.03605347
1973 0.04082465
1974 0.02611998
1975 0.02630201
1976 0.02825404
1977 0.03063302
1978 0.02533423
1979 0.03253331
1980 0.03319231
1981 0.02566345
1982 0.02629772
1983 0.02100598
1984 0.01941846
1985 0.01907587
1986 0.01728887
1987 0.01328173
1988 0.01430414
1989 0.01403535
1990 0.0092256
1991 0.00783184
1992 0.00758563
1993 0.01094042
1994 0.01065873
1995 0.01237045
1996 0.01133813
1997 0.01199485
1998 0.01003849
1999 0.00977553
2000 0.01014377
2001 0.00894834
2002 0.00802011
2003 0.00830382
2004 0.00666155
2005 0.00784843
2006 0.00814373
2007 0.00986822
2008 0.01076121
2009 0.01096701
2010 0.01344711
2011 0.01045221
2012 0.00999785
2013 0.01156964
2014 0.01280582
2015 0.01190264
2016 0.01160279
2017 0.01029644
2018 0.01094824
2019 0.0125399
2020 0.00989327
2021 0.00996755
2022

Italy | 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
Italian Republic
Records
63
Source