Lower 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
Lower middle income
Records
63
Source
Lower middle income | Agriculture, forestry, and fishing, value added (current US$)
1960
1961
1962
1963
1964
1965 53618410715.927
1966 47866815838.988
1967 53617038748.918
1968 56471800708.337
1969 61398544466.422
1970 63686172297.417
1971 65942422340.942
1972 69136526658.142
1973 84937414177.008
1974 99093011163.464
1975 105462169161.91
1976 99453155855.682
1977 115110057447.17
1978 131220545110.32
1979 145636570697.31
1980 170708923606.98
1981 178907844536.87
1982 181272123866.5
1983 181369211028.86
1984 180195647598.66
1985 188676943993.57
1986 202507160243.82
1987 209889590555.69
1988 216155902449.46
1989 207365192730.21
1990 218016483416.42
1991 207452663205.08
1992 205310556744.23
1993 202125879149.21
1994 220482909270.14
1995 253037426926.02
1996 287575665347.12
1997 296044727589.62
1998 301374703628.47
1999 257460714081.76
2000 257801514784.77
2001 261913691120.67
2002 271775655880.68
2003 305666882519.78
2004 330594402109.72
2005 371149295355.76
2006 420209006881.13
2007 510354212062.75
2008 571770305717.27
2009 596553974890.34
2010 706217083891.3
2011 786406044338
2012 820070764397.93
2013 861940145482.61
2014 908670964497.1
2015 891663951866.35
2016 922259623737.46
2017 984789948591.54
2018 995454870285.9
2019 1053328187052.6
2020 1095283439295
2021 1210831685208.2
2022 1266084777702.5

Lower 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
Lower middle income
Records
63
Source