Forests play a crucial role in sustainable development by simultaneously supporting ecological integrity and economic growth. They are vital for biodiversity conservation, carbon sequestration, and soil stabilisation, and they also provide ecosystem services that regulate water and moderate the climate. In addition to their environmental benefits, forests are an economic powerhouse, supplying raw materials for industries such as timber, paper, construction, and pharmaceuticals. These resources not only drive direct revenue but also support ancillary sectors, such as ecotourism, which generate employment and contribute to rural development. Economic analysis of forests involves assessing both market and non-market values. Market values arise from direct activities such as timber extraction and agroforestry, directly influencing GDP growth. Non-market values, including ecosystem services, contribute indirectly by reducing costs associated with environmental degradation and disaster recovery. Recent studies have used regression analysis to quantify the relationship between forest area and GDP growth, highlighting how sustainable management practices can yield positive economic outcomes. Autocorrelation analysis further examines the temporal dynamics of this relationship, suggesting that current policies may have lasting impacts on both forest conservation and economic performance. However, the pressures of deforestation driven by urban expansion and agricultural development pose significant challenges. The loss of forest cover undermines both ecological resilience and economic potential. Integrating sustainable forest management practices such as selective logging, agroforestry, and reforestation into policy frameworks is therefore essential for achieving a balanced approach that fosters long-term economic prosperity while safeguarding the environment.