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