Sweden - Forest rents (% of GDP)

Forest rents (% of GDP) in Sweden was 0.233 as of 2019. Its highest value over the past 49 years was 0.884 in 1974, while its lowest value was 0.189 in 2004.

Definition: Forest rents are roundwood harvest times the product of average prices and a region-specific rental rate.

Source: Estimates based on sources and methods described in "The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium" (World Bank, 2011).

See also:

Year Value
1970 0.715
1971 0.684
1972 0.571
1973 0.765
1974 0.884
1975 0.726
1976 0.653
1977 0.469
1978 0.580
1979 0.606
1980 0.540
1981 0.521
1982 0.576
1983 0.574
1984 0.472
1985 0.499
1986 0.456
1987 0.396
1988 0.362
1989 0.393
1990 0.338
1991 0.238
1992 0.244
1993 0.321
1994 0.303
1995 0.327
1996 0.287
1997 0.280
1998 0.272
1999 0.223
2000 0.245
2001 0.260
2002 0.299
2003 0.252
2004 0.189
2005 0.273
2006 0.194
2007 0.244
2008 0.234
2009 0.229
2010 0.239
2011 0.215
2012 0.195
2013 0.194
2014 0.214
2015 0.215
2016 0.232
2017 0.191
2018 0.256
2019 0.233

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.

Limitations and Exceptions: This definition of economic rent differs from that used in the System of National Accounts, where rents are a form of property income, consisting of payments to landowners by a tenant for the use of the land or payments to the owners of subsoil assets by institutional units permitting them to extract subsoil deposits.

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 world price of units of specific commodities and subtracting estimates of average unit costs of extraction or harvesting costs (including a normal return on capital). 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).

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Environment Indicators

Sub-Topic: Natural resources contribution to GDP