Morocco - Forest rents (% of GDP)

Forest rents (% of GDP) in Morocco was 0.149 as of 2019. Its highest value over the past 49 years was 0.751 in 1982, while its lowest value was 0.127 in 2018.

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 0.433
1971 0.466
1972 0.369
1973 0.388
1974 0.374
1975 0.424
1976 0.294
1977 0.422
1978 0.454
1979 0.359
1980 0.294
1981 0.349
1982 0.751
1983 0.587
1984 0.641
1985 0.312
1986 0.509
1987 0.466
1988 0.371
1989 0.395
1990 0.329
1991 0.372
1992 0.297
1993 0.234
1994 0.207
1995 0.276
1996 0.267
1997 0.258
1998 0.363
1999 0.207
2000 0.167
2001 0.196
2002 0.182
2003 0.197
2004 0.157
2005 0.143
2006 0.164
2007 0.134
2008 0.198
2009 0.187
2010 0.217
2011 0.223
2012 0.247
2013 0.204
2014 0.305
2015 0.301
2016 0.224
2017 0.260
2018 0.127
2019 0.149

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