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$)
1960 104406728.74618
1961 108864072.80382
1962 105708348.30068
1963 111013049.49236
1964 122843607.83414
1965 129355586.31308
1966 136764139.37785
1967 128861300.52073
1968 126835489.71648
1969 127327036.52208
1970 121199783.27163
1971 115123506.25575
1972 140460789.64192
1973 169591009.26849
1974 174903176.36881
1975 206707115.15732
1976 231847142.36247
1977 238928997.41443
1978 320842447.87616
1979 415096468.9799
1980 497918508.96316
1981 421739920.92112
1982 412043277.21664
1983 363191659.77836
1984 350149141.5627
1985 329875839.10851
1986 449879701.44454
1987 519970020.15349
1988 557042113.45309
1989 568721866.3863
1990 679224914.31393
1991 696122762.09797
1992 575422295.86259
1993 776066953.395
1994 516082558.49479
1995 717933082.49358
1996 843043720.85575
1997 811642110.97237
1998 897990653.89709
1999 902224159.66869
2000 828649421.52008
2001 918321412.16207
2002 1064638649.0192
2003 1308106704.3743
2004 1641712277.6383
2005 1752869573.3556
2006 1873310698.341
2007 2203281143.6824
2008 2625672951.0032
2009 2627379702.2673
2010 2464041425.5653
2011 2758556200.4376
2012 2871013880.1568
2013 3163936007.1673
2014 3403290519.2516
2015 3005573140.8283
2016 3280775528.5837
2017 3618576833.2
2018 4002712582.076
2019 3867618338.0796
2020 4252546317.3771
2021 5046093382.2628
2022 4679118966.549

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