Colombia | Agriculture, forestry, and fishing, value added (constant 2015 US$)
Agriculture, forestry, and fishing corresponds to ISIC divisions 01-03 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 constant 2015 prices, expressed in U.S. dollars. Development relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions. 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 Colombia
Records
63
Source
Colombia | Agriculture, forestry, and fishing, value added (constant 2015 US$)
1960
1961
1962
1963
1964
3947968802.4028 1965
4058087963.8483 1966
4345706004.1858 1967
4618781202.369 1968
4782499309.6338 1969
4946661957.7659 1970
4987051684.7621 1971
5376850653.8023 1972
5503989385.6124 1973
5809325561.0555 1974
6145208054.9812 1975
6332804365.5311 1976
6539769963.4483 1977
7070488435.9257 1978
7413039045.0491 1979
7577138187.3951 1980
7819794078.6678 1981
7671698413.0148 1982
7887173796.479 1983
8025553065.5552 1984
8157708760.3012 1985
8433070169.3363 1986
8971472851.0475 1987
9219907775.7832 1988
9616247848.4488 1989
10176496545.737 1990
10528774190.87 1991
10661308195.097 1992
10843541479.415 1993
11118964521.731 1994
11534037324.149 1995
11391561243.814 1996
11465617278.424 1997
11470064348.425 1998
11464604865.206 1999
11905920485.888 2000
12116374690.545 2001
12667764706.526 2002
13059209526.895 2003
13448023669.889 2004
13826410928.66 2005
14121109813.631 2006
14676223307.351 2007
14558051972.288 2008
14524132422.409 2009
14568264309.886 2010
14846550509.431 2011
15218206652.73 2012
16352505578.793 2013
16828473456.128 2014
17552090520.215 2015
18032435113.664 2016
19037985640.724 2017
19341437957.921 2018
19867008617.875 2019
20331305252.242 2020
20954622572.062 2021
20584214007.1 2022
Colombia | Agriculture, forestry, and fishing, value added (constant 2015 US$)
Agriculture, forestry, and fishing corresponds to ISIC divisions 01-03 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 constant 2015 prices, expressed in U.S. dollars. Development relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions. 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 Colombia
Records
63
Source