South Africa | Agriculture, forestry, and fishing, value added (% of GDP)

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. Note: For VAB countries, gross value added at factor cost is used as the denominator. 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
Republic of South Africa
Records
63
Source
South Africa | Agriculture, forestry, and fishing, value added (% of GDP)
1960 9.04144663
1961 9.31714719
1962 8.95863053
1963 8.83528957
1964 7.64637002
1965 7.43438672
1966 7.70367451
1967 8.49482347
1968 7.13701766
1969 6.66666667
1970 5.74689892
1971 6.23506928
1972 6.15515229
1973 5.92210718
1974 7.17206557
1975 6.32524425
1976 5.56130006
1977 5.81997159
1978 5.58204831
1979 5.00188395
1980 5.30465126
1981 5.43192356
1982 4.70217419
1983 3.65363264
1984 3.95744647
1985 4.28584356
1986 4.12008257
1987 4.62630374
1988 4.76800853
1989 4.39916018
1990 3.77705618
1991 3.74350458
1992 3.14920989
1993 3.42257463
1994 3.75544808
1995 3.12158525
1996 3.41658824
1997 3.2658955
1998 3.03418044
1999 2.84639917
2000 2.61474799
2001 2.81245169
2002 2.95697183
2003 2.65397753
2004 2.41171611
2005 2.08511799
2006 2.05097651
2007 2.35591401
2008 2.57248877
2009 2.39949613
2010 2.10778749
2011 2.04389309
2012 1.9767096
2013 1.92684925
2014 2.12574855
2015 2.23397839
2016 2.41418607
2017 2.49379864
2018 2.26070383
2019 1.95032115
2020 2.58242014
2021 2.55729893
2022 2.83027513

South Africa | Agriculture, forestry, and fishing, value added (% of GDP)

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. Note: For VAB countries, gross value added at factor cost is used as the denominator. 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
Republic of South Africa
Records
63
Source