Jordan | 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
Hashemite Kingdom of Jordan
Records
63
Source
Jordan | Forest rents (% of GDP)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 0.0288341
1971 0.03713546
1972 0.03105206
1973 0.03485626
1974 0.03218755
1975 0.03516826
1976 0.02265441
1977 0.02818538
1978 0.02728362
1979 0.02042482
1980 0.02049347
1981 0.01819488
1982 0.03954819
1983 0.02743756
1984 0.02828615
1985 0.0113933
1986 0.02364467
1987 0.0228036
1988 0.02526568
1989 0.04126411
1990 0.04350694
1991 0.04485802
1992 0.03182311
1993 0.02437309
1994 0.02268589
1995 0.03243803
1996 0.03341515
1997 0.02697588
1998 0.04735443
1999 0.02341552
2000 0.02024473
2001 0.02258669
2002 0.02365675
2003 0.03152814
2004 0.02744827
2005 0.02522112
2006 0.02645414
2007 0.02211975
2008 0.03006243
2009 0.02773635
2010 0.03078132
2011 0.03298235
2012 0.0360811
2013 0.0282913
2014 0.04277215
2015 0.03775437
2016 0.02878394
2017 0.03498526
2018 0.01791592
2019 0.02354616
2020 0.02212035
2021 0.02029721
2022

Jordan | 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
Hashemite Kingdom of Jordan
Records
63
Source