Spain | 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 Spain
Records
63
Source
Spain | Forest rents (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 0.11778195
1971 0.09973204
1972 0.1014477
1973 0.1089241
1974 0.10920978
1975 0.10526384
1976 0.10869029
1977 0.09968762
1978 0.0980066
1979 0.08552479
1980 0.10105543
1981 0.09423947
1982 0.10187016
1983 0.10774385
1984 0.08904771
1985 0.08713006
1986 0.08018302
1987 0.06804312
1988 0.06113165
1989 0.07263727
1990 0.04799756
1991 0.03497366
1992 0.03108391
1993 0.04002631
1994 0.04325323
1995 0.04338616
1996 0.04238889
1997 0.0371181
1998 0.03501066
1999 0.03224685
2000 0.03374197
2001 0.03176006
2002 0.03284559
2003 0.02819046
2004 0.0200368
2005 0.01783795
2006 0.02077649
2007 0.02113345
2008 0.02568504
2009 0.02335967
2010 0.02554452
2011 0.02499094
2012 0.02514551
2013 0.0256216
2014 0.02890556
2015 0.02862828
2016 0.02624926
2017 0.0231565
2018 0.02929837
2019 0.02125635
2020 0.01950396
2021 0.01796651
2022

Spain | 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 Spain
Records
63
Source