Benin | Agriculture, forestry, and fishing, value added (current US$)
Agriculture, forestry, and fishing corresponds to ISIC divisions 1-3 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Data are in current U.S. dollars. Limitations and exceptions: Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Agricultural production often must be estimated indirectly, using a combination of methods involving estimates of inputs, yields, and area under cultivation. This approach sometimes leads to crude approximations that can differ from the true values over time and across crops for reasons other than climate conditions or farming techniques. Similarly, agricultural inputs that cannot easily be allocated to specific outputs are frequently "netted out" using equally crude and ad hoc approximations. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
Republic of Benin
Records
63
Source
Benin | Agriculture, forestry, and fishing, value added (current US$)
104406728.74618 1960
108864072.80382 1961
105708348.30068 1962
111013049.49236 1963
122843607.83414 1964
129355586.31308 1965
136764139.37785 1966
128861300.52073 1967
126835489.71648 1968
127327036.52208 1969
121199783.27163 1970
115123506.25575 1971
140460789.64192 1972
169591009.26849 1973
174903176.36881 1974
206707115.15732 1975
231847142.36247 1976
238928997.41443 1977
320842447.87616 1978
415096468.9799 1979
497918508.96316 1980
421739920.92112 1981
412043277.21664 1982
363191659.77836 1983
350149141.5627 1984
329875839.10851 1985
449879701.44454 1986
519970020.15349 1987
557042113.45309 1988
568721866.3863 1989
679224914.31393 1990
696122762.09797 1991
575422295.86259 1992
776066953.395 1993
516082558.49479 1994
717933082.49358 1995
843043720.85575 1996
811642110.97237 1997
897990653.89709 1998
902224159.66869 1999
828649421.52008 2000
918321412.16207 2001
1064638649.0192 2002
1308106704.3743 2003
1641712277.6383 2004
1752869573.3556 2005
1873310698.341 2006
2203281143.6824 2007
2625672951.0032 2008
2627379702.2673 2009
2464041425.5653 2010
2758556200.4376 2011
2871013880.1568 2012
3163936007.1673 2013
3403290519.2516 2014
3005573140.8283 2015
3280775528.5837 2016
3618576833.2 2017
4002712582.076 2018
3867618338.0796 2019
4252546317.3771 2020
5046093382.2628 2021
4679118966.549 2022
Benin | Agriculture, forestry, and fishing, value added (current US$)
Agriculture, forestry, and fishing corresponds to ISIC divisions 1-3 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Data are in current U.S. dollars. Limitations and exceptions: Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Agricultural production often must be estimated indirectly, using a combination of methods involving estimates of inputs, yields, and area under cultivation. This approach sometimes leads to crude approximations that can differ from the true values over time and across crops for reasons other than climate conditions or farming techniques. Similarly, agricultural inputs that cannot easily be allocated to specific outputs are frequently "netted out" using equally crude and ad hoc approximations. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
Republic of Benin
Records
63
Source