Gambia, The | Agriculture, forestry, and fishing, value added (current US$)
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. Data are in current U.S. dollars. 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 the Gambia
Records
63
Source
Gambia, The | Agriculture, forestry, and fishing, value added (current US$)
1960
1961
1962
1963
1964
1965
14252026.223728 1966
15065541.918168 1967
13272021.235234 1968
14544023.270437 1969
15816025.305641 1970
16913284.253173 1971
19087278.328994 1972
24230426.954808 1973
30860463.362844 1974
36918349.332207 1975
36618137.525144 1976
42803831.978715 1977
48016416.196611 1978
55284428.854659 1979
65137191.942047 1980
67004326.263586 1981
76588440.321292 1982
68919776.773448 1983
49664374.851077 1984
59542245.075213 1985
53487588.612284 1986
67426198.688228 1987
73079768.523839 1988
73632740.618781 1989
77186269.512648 1990
125352699.56136 1991
123749468.14281 1992
129915609.54132 1993
143556217.32141 1994
167879653.38347 1995
152224085.45812 1996
165390488.21456 1997
161364508.46088 1998
195633532.40149 1999
192066658.19493 2000
174778503.53773 2001
139498876.00679 2002
130274522.2763 2003
303023891.07616 2004
329795775.97302 2005
269855177.44509 2006
301577341.57565 2007
465027223.34498 2008
460191497.93084 2009
543135541.34781 2010
383470781.54827 2011
387620334.16078 2012
360713996.18667 2013
276122830.67758 2014
306077672.23084 2015
324549422.15957 2016
316059500.556 2017
331989059.76084 2018
362795314.8368 2019
384977678.3894 2020
456986883.26128 2021
493218201.16957 2022
Gambia, The | Agriculture, forestry, and fishing, value added (current US$)
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. Data are in current U.S. dollars. 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 the Gambia
Records
63
Source