South Asia (IDA & IBRD) | 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
South Asia (IDA & IBRD)
Records
63
Source
South Asia (IDA & IBRD) | Forest rents (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 0.37859167
1971 0.31892414
1972 0.32237191
1973 0.49143362
1974 0.48523642
1975 0.97679697
1976 0.65997097
1977 1.798189
1978 1.5961472
1979 0.65586409
1980 0.66085441
1981 0.55333375
1982 0.81258148
1983 0.53339669
1984 0.45470248
1985 0.3066315
1986 0.52430186
1987 0.43893368
1988 0.43489219
1989 0.43083322
1990 0.52013935
1991 0.57527745
1992 0.56375274
1993 0.54782437
1994 0.4124146
1995 0.44756868
1996 0.38957867
1997 0.35015026
1998 0.33779284
1999 0.36182629
2000 0.30688959
2001 0.30368919
2002 0.34521591
2003 0.31623234
2004 0.22794513
2005 0.20095737
2006 0.26693202
2007 0.30029815
2008 0.28685857
2009 0.25315529
2010 0.37521392
2011 0.34641923
2012 0.30139683
2013 0.26646845
2014 0.25393961
2015 0.28039199
2016 0.28043899
2017 0.19861152
2018 0.13857509
2019 0.14748364
2020 0.17426118
2021 0.15284361
2022

South Asia (IDA & IBRD) | 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
South Asia (IDA & IBRD)
Records
63
Source