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
1965 3947968802.4028
1966 4058087963.8483
1967 4345706004.1858
1968 4618781202.369
1969 4782499309.6338
1970 4946661957.7659
1971 4987051684.7621
1972 5376850653.8023
1973 5503989385.6124
1974 5809325561.0555
1975 6145208054.9812
1976 6332804365.5311
1977 6539769963.4483
1978 7070488435.9257
1979 7413039045.0491
1980 7577138187.3951
1981 7819794078.6678
1982 7671698413.0148
1983 7887173796.479
1984 8025553065.5552
1985 8157708760.3012
1986 8433070169.3363
1987 8971472851.0475
1988 9219907775.7832
1989 9616247848.4488
1990 10176496545.737
1991 10528774190.87
1992 10661308195.097
1993 10843541479.415
1994 11118964521.731
1995 11534037324.149
1996 11391561243.814
1997 11465617278.424
1998 11470064348.425
1999 11464604865.206
2000 11905920485.888
2001 12116374690.545
2002 12667764706.526
2003 13059209526.895
2004 13448023669.889
2005 13826410928.66
2006 14121109813.631
2007 14676223307.351
2008 14558051972.288
2009 14524132422.409
2010 14568264309.886
2011 14846550509.431
2012 15218206652.73
2013 16352505578.793
2014 16828473456.128
2015 17552090520.215
2016 18032435113.664
2017 19037985640.724
2018 19341437957.921
2019 19867008617.875
2020 20331305252.242
2021 20954622572.062
2022 20584214007.1

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