Jordan - Forest rents (% of GDP)

Forest rents (% of GDP) in Jordan was 0.021 as of 2019. Its highest value over the past 49 years was 0.047 in 1998, while its lowest value was 0.011 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 0.029
1971 0.037
1972 0.031
1973 0.035
1974 0.032
1975 0.035
1976 0.023
1977 0.028
1978 0.027
1979 0.020
1980 0.020
1981 0.018
1982 0.040
1983 0.027
1984 0.028
1985 0.011
1986 0.024
1987 0.023
1988 0.025
1989 0.041
1990 0.044
1991 0.045
1992 0.032
1993 0.024
1994 0.023
1995 0.032
1996 0.033
1997 0.027
1998 0.047
1999 0.023
2000 0.020
2001 0.023
2002 0.024
2003 0.032
2004 0.027
2005 0.025
2006 0.026
2007 0.022
2008 0.030
2009 0.028
2010 0.031
2011 0.033
2012 0.034
2013 0.028
2014 0.043
2015 0.038
2016 0.029
2017 0.035
2018 0.018
2019 0.021

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