Togo | 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
Togolese Republic
Records
63
Source
Togo | Forest rents (% of GDP)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 6.38800581
1971 4.97557072
1972 4.87646389
1973 6.78043653
1974 5.44641168
1975 6.73244854
1976 6.06434288
1977 8.67906105
1978 8.25156362
1979 7.24050684
1980 6.68311344
1981 7.09872041
1982 11.96055092
1983 8.52877556
1984 8.30313539
1985 5.7484871
1986 6.67663611
1987 5.59683136
1988 5.59521461
1989 5.85673981
1990 6.11169329
1991 6.29687125
1992 6.23238966
1993 7.36144125
1994 11.10599912
1995 12.62685673
1996 11.25173023
1997 10.67538865
1998 10.38014581
1999 6.80166561
2000 7.14401583
2001 6.64861942
2002 6.84815672
2003 9.30157253
2004 6.20709631
2005 6.06053718
2006 5.74325666
2007 7.4671425
2008 6.99863551
2009 7.068609
2010 6.06836084
2011 6.12185994
2012 7.28050911
2013 6.74375051
2014 6.98463683
2015 7.79818031
2016 5.72106302
2017 5.33148764
2018 3.15110743
2019 3.00254428
2020 3.12804385
2021 2.98358217
2022

Togo | 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
Togolese Republic
Records
63
Source