France - Forest rents (% of GDP)

Forest rents (% of GDP) in France was 0.028 as of 2019. Its highest value over the past 49 years was 0.125 in 1974, while its lowest value was 0.028 in 2019.

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 0.109
1971 0.097
1972 0.095
1973 0.118
1974 0.125
1975 0.108
1976 0.111
1977 0.103
1978 0.090
1979 0.101
1980 0.102
1981 0.083
1982 0.088
1983 0.084
1984 0.074
1985 0.076
1986 0.068
1987 0.060
1988 0.078
1989 0.086
1990 0.069
1991 0.057
1992 0.055
1993 0.053
1994 0.053
1995 0.054
1996 0.056
1997 0.050
1998 0.042
1999 0.039
2000 0.053
2001 0.046
2002 0.044
2003 0.040
2004 0.030
2005 0.029
2006 0.032
2007 0.037
2008 0.037
2009 0.039
2010 0.042
2011 0.038
2012 0.034
2013 0.035
2014 0.039
2015 0.036
2016 0.037
2017 0.031
2018 0.033
2019 0.028

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