Sub-Saharan Africa (IDA & IBRD countries) | 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
Sub-Saharan Africa (IDA & IBRD countries)
Records
63
Source
Sub-Saharan Africa (IDA & IBRD countries) | Forest rents (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 1.98218141
1971 1.80203607
1972 1.81977845
1973 2.27736263
1974 1.96676469
1975 2.29559034
1976 2.02578477
1977 2.91136569
1978 2.8811605
1979 2.55501163
1980 2.36986212
1981 1.69896646
1982 2.43198571
1983 1.94823656
1984 2.24222017
1985 1.99143538
1986 2.92431375
1987 2.63313937
1988 2.74722262
1989 2.85589048
1990 3.08871443
1991 2.70417748
1992 3.32754522
1993 3.35174729
1994 4.00312662
1995 4.89596551
1996 4.54783573
1997 4.07835279
1998 4.28580149
1999 2.98496594
2000 2.903127
2001 2.93498045
2002 3.25388999
2003 3.93943597
2004 2.71137454
2005 2.48716478
2006 2.20472222
2007 2.64475759
2008 2.84283172
2009 2.91744143
2010 2.22207973
2011 2.30163339
2012 2.5609004
2013 2.5603629
2014 2.69094945
2015 3.11480568
2016 3.52113327
2017 3.2600688
2018 2.3375164
2019 2.1727811
2020 2.49858777
2021 2.37180684
2022

Sub-Saharan Africa (IDA & IBRD countries) | 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
Sub-Saharan Africa (IDA & IBRD countries)
Records
63
Source