Low & middle income | 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
Low & middle income
Records
63
Source
Low & middle income | Agriculture, forestry, and fishing, value added (current US$)
1960 94398800489.585
1961 105413345581.91
1962 107397650863.91
1963 119535792480.97
1964 133581204208.65
1965 144088489563.17
1966 143347646471.46
1967 152955930105.2
1968 158314810050.48
1969 167947164503.06
1970 175735384302.24
1971 181179733409.31
1972 196423409751.96
1973 243312005728.23
1974 285167248393.93
1975 312475603823.59
1976 306191687431.72
1977 337653416358.77
1978 388704226342.21
1979 458901474136.79
1980 505628435105.31
1981 526175522716.76
1982 517335220107.07
1983 525056082469.97
1984 530086663814.2
1985 516147710042.25
1986 528008012355.3
1987 559712207635.14
1988 606359417027.14
1989 615592104615.71
1990 649753624298.98
1991 613797496900.32
1992 567748107482.19
1993 590921689194.46
1994 612712474793.05
1995 684536684481.69
1996 758716896879.84
1997 769001557421.93
1998 753322082154.74
1999 682931618566.79
2000 688576998353.98
2001 690147538166.73
2002 728375814943.44
2003 805973803808.19
2004 913599613219.52
2005 1004578681227.1
2006 1127623383945.1
2007 1377828600503.7
2008 1642048713623.3
2009 1670571579862.3
2010 1959553686704.8
2011 2224555970808.3
2012 2334546483577
2013 2472698538602.7
2014 2569823060803.5
2015 2491293973594.4
2016 2507036357879.1
2017 2630690232295.7
2018 2666704783001.9
2019 2790338813364.1
2020 2957002824001
2021 3332604057676
2022 3496036438861.7

Low & middle income | 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
Low & middle income
Records
63
Source