Bolivia - Forest rents (% of GDP)

Forest rents (% of GDP) in Bolivia was 0.410 as of 2019. Its highest value over the past 49 years was 0.944 in 1995, while its lowest value was 0.197 in 1985.

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 0.528
1971 0.468
1972 0.463
1973 0.814
1974 0.589
1975 0.673
1976 0.525
1977 0.586
1978 0.631
1979 0.841
1980 0.797
1981 0.496
1982 0.834
1983 0.388
1984 0.210
1985 0.197
1986 0.395
1987 0.572
1988 0.320
1989 0.334
1990 0.630
1991 0.685
1992 0.762
1993 0.814
1994 0.816
1995 0.944
1996 0.783
1997 0.713
1998 0.562
1999 0.412
2000 0.361
2001 0.406
2002 0.418
2003 0.482
2004 0.460
2005 0.460
2006 0.594
2007 0.605
2008 0.540
2009 0.513
2010 0.755
2011 0.554
2012 0.494
2013 0.501
2014 0.533
2015 0.485
2016 0.551
2017 0.475
2018 0.499
2019 0.410

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