Morocco | 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
Kingdom of Morocco
Records
63
Source
Morocco | Forest rents (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 0.4331022
1971 0.46597867
1972 0.36866584
1973 0.3878842
1974 0.37401669
1975 0.4242275
1976 0.29381301
1977 0.42193903
1978 0.45364698
1979 0.35859857
1980 0.29444837
1981 0.34924878
1982 0.75144586
1983 0.58737879
1984 0.64102278
1985 0.31166936
1986 0.50866878
1987 0.46578287
1988 0.37061322
1989 0.39546486
1990 0.32851595
1991 0.37213696
1992 0.29702208
1993 0.23426154
1994 0.20685678
1995 0.27633288
1996 0.26732426
1997 0.25763173
1998 0.36265329
1999 0.20698657
2000 0.16668666
2001 0.19635711
2002 0.18168225
2003 0.1970014
2004 0.15703314
2005 0.14586597
2006 0.16413875
2007 0.13368846
2008 0.19835529
2009 0.18657428
2010 0.21662877
2011 0.22314371
2012 0.2605906
2013 0.20525742
2014 0.2813985
2015 0.27627519
2016 0.20735228
2017 0.24017342
2018 0.12326703
2019 0.15895609
2020 0.14142963
2021 0.1155703
2022

Morocco | 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
Kingdom of Morocco
Records
63
Source