Ecuador | 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
Republic of Ecuador
Records
63
Source
Ecuador | Agriculture, forestry, and fishing, value added (% of GDP)
33.65485953 1960
34.03539833 1961
35.25290294 1962
34.19574995 1963
31.83585662 1964
31.31307882 1965
28.03374593 1966
28.40553806 1967
29.28189425 1968
26.25217999 1969
26.02927792 1970
25.25878165 1971
25.83565188 1972
25.37549905 1973
24.09384278 1974
22.35518223 1975
20.11773009 1976
18.70307224 1977
18.20012391 1978
16.02256886 1979
16.11089455 1980
15.76643949 1981
15.92606537 1982
16.90084513 1983
18.61334038 1984
18.87894981 1985
20.81149147 1986
21.34757163 1987
22.01080362 1988
22.40069086 1989
20.52100539 1990
20.86307683 1991
18.922117 1992
23.40315896 1993
22.14594596 1994
21.91216882 1995
20.7500581 1996
20.10877373 1997
17.47594546 1998
17.57135182 1999
15.40454427 2000
12.65726659 2001
11.23092289 2002
10.84329972 2003
9.69192134 2004
9.4811693 2005
9.40813611 2006
9.35565571 2007
8.96568289 2008
9.91394135 2009
9.73311808 2010
9.60111667 2011
8.64241275 2012
8.7693429 2013
9.12650826 2014
9.45485142 2015
9.51901673 2016
9.32925891 2017
8.94926952 2018
8.80053114 2019
9.84273076 2020
9.41428764 2021
8.84162306 2022
Ecuador | 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
Republic of Ecuador
Records
63
Source