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