Economy · Glossary
Forest rents (% of GDP)
NY.GDP.FRST.RT.ZS
Definition
Forest rents are roundwood harvest times the product of regional prices and a regional rental rate.
Methodology for Economy indicators
Economic indicators measure the size, structure, and dynamics of a country's economy. The World Bank collects data from national statistical offices, central banks, and the IMF, then normalizes it for cross-country comparison. Watch out for nominal versus real (inflation-adjusted) values: nominal figures in current US dollars are sensitive to exchange rate swings, while constant dollar series isolate real growth. Most macro indicators have a 1–2 year reporting lag.
How to interpret
- Always check the unit and reporting year before comparing values across countries.
- NULL or "Not available" means the World Bank did not publish a value — we never estimate.
- Year-over-year changes can be driven by methodology updates, not just real economic shifts.