Late-demographic dividend | 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
Late-demographic dividend
Records
63
Source
Late-demographic dividend | Forest rents (% of GDP)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 0.9982813
1971 0.9856476
1972 1.2745028
1973 2.03865973
1974 1.6293147
1975 1.69183331
1976 1.83372654
1977 1.94866774
1978 1.90675773
1979 2.2657994
1980 2.20326171
1981 1.51164437
1982 2.00988088
1983 1.75161142
1984 1.14770517
1985 1.0715134
1986 1.35418843
1987 1.56035394
1988 0.8650976
1989 0.89273036
1990 0.8093722
1991 0.84439071
1992 1.13585749
1993 1.01966032
1994 0.82992243
1995 0.809049
1996 0.6944832
1997 0.58104963
1998 0.49836
1999 0.48606845
2000 0.43350733
2001 0.4098048
2002 0.40984651
2003 0.4753332
2004 0.34402965
2005 0.31000805
2006 0.32198042
2007 0.35983323
2008 0.34737307
2009 0.32094607
2010 0.33048315
2011 0.28468628
2012 0.26785921
2013 0.25538593
2014 0.27941239
2015 0.24286529
2016 0.25480691
2017 0.27874466
2018 0.24997389
2019 0.21764585
2020 0.23452991
2021 0.19021392
2022

Late-demographic dividend | 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
Late-demographic dividend
Records
63
Source