Guatemala | 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 Guatemala
Records
63
Source
Guatemala | Agriculture, forestry, and fishing, value added (constant 2015 US$)
year value
1960 1086984313.0968
1961 1105778446.1385
1962 1144391846.7688
1963 1310463640.5866
1964 1314905890.2206
1965 1330624619.677
1966 1393157825.9454
1967 1394524672.0354
1968 1545219447.9124
1969 1581782579.4766
1970 1673361264.2
1971 1791593446.5072
1972 1963816047.6474
1973 2067696346.6296
1974 2199938700.9116
1975 2254954254.0708
1976 2356442572.4989
1977 2448362968.7104
1978 2525589769.971
1979 2597349187.0093
1980 2638012856.7057
1981 2670133738.6497
1982 2589831533.721
1983 2545409037.5182
1984 2585047572.6126
1985 2594615494.9671
1986 2573087669.8418
1987 2673550853.668
1988 2793833305.1791
1989 2879602894.1922
1990 2997493365.1493
1991 3090438891.4138
1992 3182701002.8351
1993 3252751858.5736
1994 3332370656.3783
1995 3449235988.3223
1996 3537397562.9899
1997 3641277850.3932
1998 3776937321.7611
1999 3856556091.9969
2000 3956677587.3551
2001 4002466912.1416
2002 4216800517.4458
2003 4322646967.2507
2004 4502067005.7017
2005 4597833185.8514
2006 4655390454.9427
2007 4929074427.6539
2008 4972716158.7765
2009 5161889595.6229
2010 5148990593.7763
2011 5407699291.8516
2012 5674810041.0825
2013 5944081754.9183
2014 6039505556.2735
2015 6198086955.7266
2016 6346140669.029
2017 6556035576.8344
2018 6720498577.5102
2019 6834663902.9475
2020 6828516619.7502
2021 7120460804.0239
2022 7302531335.1468

Guatemala | 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 Guatemala
Records
63
Source