Ecuador | 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 Ecuador
Records
63
Source
Ecuador | Agriculture, forestry, and fishing, value added (constant 2015 US$)
year value
1960 1689730937.8243
1961 1780468632.0416
1962 1933570018.3714
1963 1945096956.7678
1964 1954850519.9133
1965 1931796643.2674
1966 1942323797.0177
1967 2005871769.6778
1968 1945962667.9776
1969 2014075395.5656
1970 2096630443.397
1971 2080067407.9697
1972 2142760040.2021
1973 2132510651.6422
1974 2303117264.8294
1975 2461002526.2278
1976 2484271606.9662
1977 2402438160.7669
1978 2105404296.2365
1979 2145393665.7111
1980 2182220333.1236
1981 2484048219.0882
1982 2494494541.6985
1983 2066121831.8233
1984 2372884826.303
1985 2560881891.8603
1986 2888566924.7024
1987 3045805536.9803
1988 3217157266.3132
1989 3437738099.2583
1990 3590185629.4161
1991 3896357821.7449
1992 4053127613.4104
1993 4032930115.9944
1994 4246227328.3913
1995 4388287322.2226
1996 4648443081.3423
1997 4891164298.3791
1998 4745431631.4748
1999 5165356752.3849
2000 5208452976.952
2001 5467059717.4967
2002 5563645581.5859
2003 5931249440.3621
2004 6072712753.4141
2005 6501347062.2516
2006 6781473991.5951
2007 7013368244.8348
2008 7130288284.4495
2009 7252587269.0212
2010 7306203299.0532
2011 7886407752.7647
2012 7947558714.7076
2013 8479539310.2578
2014 9122383488.5465
2015 9387758000
2016 9468477446.1235
2017 9992103041.1054
2018 10003594289.908
2019 10165400596.428
2020 10201749625.286
2021 10547221917.913
2022 10440417528.063

Ecuador | 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 Ecuador
Records
63
Source