East Asia & Pacific | Agriculture, forestry, and fishing, value added (% of GDP)
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. Note: For VAB countries, gross value added at factor cost is used as the denominator. 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
East Asia & Pacific
Records
63
Source
East Asia & Pacific | Agriculture, forestry, and fishing, value added (% of GDP)
24.3149089 1960
29.0461658 1961
28.30786502 1962
28.38345841 1963
27.23142572 1964
27.67190035 1965
26.99569704 1966
25.40877396 1967
23.90898876 1968
21.55527838 1969
19.06424538 1970
17.92973345 1971
15.97044658 1972
15.25460484 1973
14.74355097 1974
14.51654628 1975
13.37764011 1976
11.84254987 1977
10.6608229 1978
12.55061025 1979
12.34557309 1980
11.56213714 1981
12.03761127 1982
11.94645092 1983
11.35152972 1984
10.05069284 1985
7.32665972 1986
6.79018585 1987
6.48899378 1988
6.46805191 1989
6.04730177 1990
5.27232117 1991
5.12482614 1992
4.87251238 1993
4.54604214 1994
4.58191013 1995
5.04284247 1996
4.98415334 1997
5.01416884 1998
4.79793038 1999
4.46415856 2000
4.62970436 2001
4.79940248 2002
4.60562533 2003
4.77689258 2004
4.6239219 2005
4.77736849 2006
5.10286586 2007
5.47898175 2008
5.50745326 2009
5.55080923 2010
5.72534474 2011
5.81156668 2012
6.081204 2013
6.04591835 2014
6.05773637 2015
5.83277821 2016
5.62245473 2017
5.39199746 2018
5.45783694 2019
5.88734752 2020
5.76854498 2021
5.95100267 2022
East Asia & Pacific | Agriculture, forestry, and fishing, value added (% of GDP)
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. Note: For VAB countries, gross value added at factor cost is used as the denominator. 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
East Asia & Pacific
Records
63
Source