Early-demographic dividend | 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
Early-demographic dividend
Records
63
Source
Early-demographic dividend | Agriculture, forestry, and fishing, value added (constant 2015 US$)
1960
256914671409.54 1961
258447529892.52 1962
261650888861.49 1963
281626050211.06 1964
267294985025.47 1965
270747973566.54 1966
290895957045.34 1967
297564486281.9 1968
308644975756.23 1969
322485134989.73 1970
325528956349.81 1971
322230526618.78 1972
334973825083 1973
341751279347.18 1974
359574685840.49 1975
362948169118.91 1976
381124516807.43 1977
392468463450.79 1978
377266230387.92 1979
401313772741.92 1980
417084920831.68 1981
421629608748.14 1982
440994432055.99 1983
449214759855.1 1984
458530067457.82 1985
467554548170.41 1986
472519429239.33 1987
509836170072.4 1988
514621946594.17 1989
535751584633.65 1990
539930115728.53 1991
563522807105.47 1992
574621497885.07 1993
588651622637.12 1994
596409945351.6 1995
633602118687.34 1996
631998689692.8 1997
658816637170.36 1998
670295615449.34 1999
683128476209.27 2000
705772343714.77 2001
703021607897.65 2002
739679485497.54 2003
755716772500.86 2004
795368275497.52 2005
823868704886.49 2006
853867584933.85 2007
860244870115.08 2008
870967623536.59 2009
922705795736.67 2010
963822128030.66 2011
986781154330.48 2012
1032186498963.4 2013
1049822934722.5 2014
1074429380667.7 2015
1111910544774.1 2016
1163669474474.2 2017
1186618635986.8 2018
1238981068470.8 2019
1271975707390.7 2020
1300237082226.4 2021
1338803229563.5 2022
Early-demographic dividend | 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
Early-demographic dividend
Records
63
Source