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
Middle income
Records
63
Source
Middle income | Agriculture, forestry, and fishing, value added (current US$)
1960 90190937464.016
1961 100871963854.53
1962 102624644789.47
1963 114588982218.57
1964 128386178493.42
1965 138408953808.85
1966 137750585330.32
1967 147104043776.59
1968 152421926993.9
1969 161690007791.01
1970 168922520009.05
1971 173724517138.46
1972 187972167142.3
1973 233501556925.44
1974 273037333442.89
1975 297859844435.71
1976 290215917694.25
1977 319192762719.66
1978 368567587794.03
1979 437968257077.41
1980 483266625497.57
1981 502047105954.42
1982 493374090280.96
1983 500466853441.08
1984 505756215359.36
1985 489400829680.07
1986 496660087120.6
1987 521576554733.91
1988 568442325171.73
1989 576231944032.45
1990 601320674654.14
1991 556952580956.11
1992 526331909826.02
1993 548615553467.99
1994 569089738133
1995 640603078875.54
1996 714163938709.08
1997 721582981955.41
1998 702884910656.04
1999 637663016894.04
2000 638250875573.95
2001 640175159725.66
2002 675001473412.35
2003 748681227460.78
2004 851203823483.44
2005 932454516996.63
2006 1043213092060.3
2007 1278012250322.1
2008 1522443207998.3
2009 1535564348045.2
2010 1821845287663.1
2011 2118805851125.6
2012 2222112805664.7
2013 2363421826538.6
2014 2449758126257.1
2015 2370735874521.8
2016 2391011903387.6
2017 2502415151167.8
2018 2556108510547.6
2019 2671285398463.7
2020 2835043239082
2021 3209311248608.9
2022 3360243886783.7

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
Middle income
Records
63
Source