Argentina - Forest rents (% of GDP)

Forest rents (% of GDP) in Argentina was 0.141 as of 2019. Its highest value over the past 49 years was 0.247 in 1989, while its lowest value was 0.039 in 2001.

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 0.086
1971 0.097
1972 0.108
1973 0.102
1974 0.086
1975 0.156
1976 0.162
1977 0.166
1978 0.173
1979 0.246
1980 0.199
1981 0.163
1982 0.200
1983 0.152
1984 0.136
1985 0.098
1986 0.095
1987 0.125
1988 0.114
1989 0.247
1990 0.141
1991 0.099
1992 0.098
1993 0.089
1994 0.067
1995 0.097
1996 0.085
1997 0.067
1998 0.060
1999 0.051
2000 0.040
2001 0.039
2002 0.196
2003 0.143
2004 0.107
2005 0.099
2006 0.100
2007 0.095
2008 0.087
2009 0.099
2010 0.119
2011 0.082
2012 0.093
2013 0.110
2014 0.099
2015 0.099
2016 0.115
2017 0.126
2018 0.150
2019 0.141

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