Thailand | 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 Thailand
Records
63
Source
Thailand | Forest rents (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 1.06413063
1971 1.02867657
1972 1.48534319
1973 2.2666517
1974 1.66570706
1975 1.67249064
1976 1.52368696
1977 1.73596411
1978 1.18164092
1979 1.589051
1980 1.48990997
1981 0.81364179
1982 0.86325817
1983 0.7746691
1984 0.53891807
1985 0.55869982
1986 0.72698679
1987 0.69506339
1988 0.54111648
1989 0.42366779
1990 0.3283853
1991 0.30409066
1992 0.3314201
1993 0.25720201
1994 0.27369236
1995 0.34340656
1996 0.32380001
1997 0.33408895
1998 0.38050604
1999 0.21747814
2000 0.31174753
2001 0.3893058
2002 0.39356582
2003 0.69597303
2004 0.46002149
2005 0.44637217
2006 0.50484252
2007 0.58208034
2008 0.69021788
2009 0.62089754
2010 0.5430565
2011 0.53962712
2012 0.49201389
2013 0.45308237
2014 0.59374985
2015 0.46252918
2016 0.45599294
2017 0.52164334
2018 0.38925754
2019 0.33356375
2020 0.37586811
2021 0.36225986
2022

Thailand | 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 Thailand
Records
63
Source