Japan | 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
State of Japan
Records
63
Source
Japan | Forest rents (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 0.14246044
1971 0.14687245
1972 0.12094421
1973 0.14794585
1974 0.11674028
1975 0.11090518
1976 0.10986978
1977 0.07597675
1978 0.0680832
1979 0.09384212
1980 0.10224443
1981 0.06973487
1982 0.09529579
1983 0.07060722
1984 0.05059933
1985 0.05956557
1986 0.03753925
1987 0.02934115
1988 0.02449093
1989 0.0275874
1990 0.02707228
1991 0.02214025
1992 0.01848858
1993 0.0179261
1994 0.01372106
1995 0.01249836
1996 0.01404085
1997 0.01236257
1998 0.01119529
1999 0.00841189
2000 0.00764415
2001 0.0072141
2002 0.0076069
2003 0.00777474
2004 0.0057486
2005 0.00786507
2006 0.00906273
2007 0.01149366
2008 0.01220209
2009 0.0102616
2010 0.00972315
2011 0.00939955
2012 0.00945177
2013 0.01294964
2014 0.01577961
2015 0.01741026
2016 0.01712231
2017 0.02896143
2018 0.02487007
2019 0.02385163
2020 0.02355445
2021 0.02870311
2022

Japan | 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
State of Japan
Records
63
Source