Lower middle income | 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
Lower middle income
Records
63
Source
Lower middle income | Agriculture, forestry, and fishing, value added (constant 2015 US$)
1960
1961
1962
1963
1964
1965 191116014659.22
1966 191917585247.17
1967 210735260381.74
1968 216534587938.89
1969 226524981956.91
1970 239073992816.38
1971 237513542212.74
1972 233990559270.33
1973 245141058948.11
1974 246071810815.3
1975 264181303531.76
1976 262905155480.78
1977 278067508704.79
1978 286046784871.77
1979 268659626730.95
1980 290795999061.28
1981 302084025227.33
1982 306775805677.13
1983 323774628845.17
1984 327642147655.3
1985 339309308272.17
1986 347278766982.44
1987 345452477640.72
1988 377818445461.22
1989 387287571177.98
1990 402367903870.43
1991 403793501838.49
1992 418500033998.53
1993 427033988446.41
1994 439815837371.69
1995 443238226977.63
1996 476737922922.17
1997 474308437003.02
1998 497336742335.44
1999 510196216791.87
2000 519637914985.55
2001 543009374282.57
2002 552259454079.51
2003 589789770084.2
2004 605653372024.2
2005 636285494342.29
2006 662768612148.08
2007 692241583804.38
2008 699532167397.95
2009 716918987035.29
2010 755134924780.61
2011 791940563190.23
2012 814998767179.73
2013 852557830107.85
2014 872259223503
2015 891663951866.35
2016 926257223469.42
2017 969519897858.05
2018 993984402829.34
2019 1034639083548
2020 1064946145665.5
2021 1095414587706.2
2022 1123894220185.6

Lower middle income | 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
Lower middle income
Records
63
Source