Lesotho | 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
Kingdom of Lesotho
Records
63
Source
Lesotho | Agriculture, forestry, and fishing, value added (current US$)
year value
1960 30494227.802309
1961 31920967.231613
1962 36914205.234318
1963 39410684.235726
1964 42442383.023047
1965 43512262.595095
1966 31385887.445645
1967 27284309.086276
1968 28532688.586925
1969 27819388.872244
1970 29780928.087629
1971 21371695.583299
1972 34797099.092653
1973 60021701.570266
1974 59426294.046745
1975 54602249.06289
1976 45410291.352573
1977 72656443.164111
1978 80859625.214906
1979 99388496.513753
1980 96821402.25003
1981 105715099.7151
1982 58115555.490065
1983 62872004.30841
1984 50687023.521684
1985 43060787.239055
1986 50496360.663658
1987 57409580.296586
1988 65863121.891313
1989 62543576.658506
1990 72533326.943197
1991 51591832.152435
1992 75433290.299416
1993 69605954.203239
1994 72564899.495832
1995 87972628.157322
1996 72749269.71502
1997 69892199.631855
1998 77275733.30169
1999 80183792.935705
2000 69449516.616262
2001 68524352.139016
2002 49613381.290719
2003 73485861.857413
2004 90432503.560592
2005 95407895.299629
2006 87174249.200589
2007 82256022.221702
2008 86526086.997046
2009 95810577.560572
2010 108657668.2423
2011 117207124.06507
2012 121291171.4564
2013 119879202.42093
2014 96683539.955565
2015 89241073.56643
2016 104116845.78199
2017 114497979.96833
2018 108634769.45541
2019 106716219.00433
2020 109013679.66241
2021 143675598.0474
2022 139525650.01838

Lesotho | 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
Kingdom of Lesotho
Records
63
Source