Madagascar | 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
Republic of Madagascar
Records
63
Source
Madagascar | Forest rents (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 2.91882362
1971 2.75692465
1972 2.01983258
1973 2.17224461
1974 1.47436137
1975 2.04873699
1976 1.82505265
1977 3.5500137
1978 3.41027009
1979 2.87961043
1980 2.31043005
1981 2.21304636
1982 2.89482276
1983 2.19506884
1984 2.44203487
1985 2.08769596
1986 2.80057588
1987 3.84879616
1988 4.2501276
1989 4.52381629
1990 5.13492322
1991 6.19928103
1992 5.70482651
1993 4.26807702
1994 5.43387401
1995 7.72049113
1996 6.097358
1997 5.9833152
1998 5.7142102
1999 3.51090027
2000 3.28311953
2001 2.78738586
2002 3.50534579
2003 5.2185584
2004 6.15954217
2005 5.46519263
2006 5.62204188
2007 6.43417443
2008 5.805561
2009 6.87733921
2010 5.68747857
2011 5.5749453
2012 6.40089316
2013 6.2335759
2014 7.09219197
2015 8.54403808
2016 8.71432923
2017 7.54420357
2018 4.70033922
2019 4.61458138
2020 5.61001843
2021 5.44735877
2022

Madagascar | 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
Republic of Madagascar
Records
63
Source