Egypt - Forest rents (% of GDP)

Forest rents (% of GDP) in Egypt was 0.147 as of 2019. Its highest value over the past 49 years was 0.826 in 1982, while its lowest value was 0.124 in 2000.

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 0.337
1971 0.285
1972 0.309
1973 0.375
1974 0.464
1975 0.457
1976 0.320
1977 0.489
1978 0.601
1979 0.434
1980 0.444
1981 0.441
1982 0.826
1983 0.500
1984 0.462
1985 0.147
1986 0.399
1987 0.418
1988 0.493
1989 0.444
1990 0.420
1991 0.496
1992 0.385
1993 0.260
1994 0.255
1995 0.328
1996 0.303
1997 0.264
1998 0.340
1999 0.155
2000 0.124
2001 0.148
2002 0.184
2003 0.272
2004 0.264
2005 0.225
2006 0.235
2007 0.180
2008 0.254
2009 0.214
2010 0.222
2011 0.235
2012 0.215
2013 0.183
2014 0.275
2015 0.230
2016 0.176
2017 0.310
2018 0.151
2019 0.147

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