Turkiye | 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
Republic of Turkiye
Records
63
Source
Turkiye | Forest rents (% of GDP)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 0.39292527
1971 0.39550126
1972 0.34843544
1973 0.41507765
1974 0.51147328
1975 0.30479618
1976 0.35058336
1977 0.29240227
1978 0.37255089
1979 0.31400973
1980 0.54475116
1981 0.55048535
1982 0.45370423
1983 0.39190976
1984 0.40143212
1985 0.31870148
1986 0.36741011
1987 0.29946023
1988 0.35318832
1989 0.22647988
1990 0.15239115
1991 0.14892408
1992 0.18564204
1993 0.16791605
1994 0.18582133
1995 0.17782244
1996 0.17542604
1997 0.14276251
1998 0.0838599
1999 0.09105475
2000 0.07735083
2001 0.09169601
2002 0.07704934
2003 0.07276796
2004 0.06343732
2005 0.05169003
2006 0.06064572
2007 0.0618806
2008 0.06575619
2009 0.06716539
2010 0.06276604
2011 0.06929277
2012 0.06539703
2013 0.05730291
2014 0.06232244
2015 0.06096801
2016 0.06149965
2017 0.0791489
2018 0.09763593
2019 0.0973692
2020 0.11107648
2021 0
2022

Turkiye | 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
Republic of Turkiye
Records
63
Source