Mali | 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 Mali
Records
63
Source
Mali | Forest rents (% of GDP)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 4.07710149
1971 3.34093445
1972 3.18516703
1973 4.48607245
1974 5.4319624
1975 4.59535697
1976 3.70987993
1977 5.54571093
1978 5.03782395
1979 3.74030324
1980 4.15880636
1981 4.18322359
1982 6.58662277
1983 4.75478617
1984 4.73509803
1985 3.27574551
1986 3.76886155
1987 3.33757426
1988 3.55959212
1989 3.63681455
1990 3.79493631
1991 3.71428572
1992 3.68017984
1993 3.25498986
1994 5.18479885
1995 5.77360993
1996 5.62076522
1997 5.43274929
1998 5.22696095
1999 2.99546473
2000 3.47770043
2001 2.8884105
2002 3.09100669
2003 4.02945114
2004 3.01889606
2005 2.7914848
2006 2.56662414
2007 3.11055599
2008 3.14154206
2009 3.04049785
2010 2.61018275
2011 2.51424463
2012 3.03659942
2013 3.06807344
2014 3.3181572
2015 3.72747779
2016 3.66811545
2017 3.41820193
2018 2.36216326
2019 2.16801928
2020 2.31221822
2021 2.23456673
2022

Mali | 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 Mali
Records
63
Source