Sri Lanka | 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
Democratic Socialist Republic of Sri Lanka
Records
63
Source
Sri Lanka | Agriculture, forestry, and fishing, value added (constant 2015 US$)
1494135340.473 1960
1608086771.0931 1961
1657490763.6472 1962
1754136668.6792 1963
1811356621.8259 1964
1694083242.5071 1965
1724065794.1969 1966
1878053422.9396 1967
1991585712.0609 1968
2017793377.3769 1969
2100297700.0466 1970
2046272698.8614 1971
2104245225.2997 1972
2084213189.6921 1973
2200510140.1199 1974
2139504674 1975
2168978716.1839 1976
2392369273.8226 1977
2526161809.3626 1978
2575173139.9918 1979
2650148246.4043 1980
2830828532.0883 1981
2897603726.2048 1982
3037446462.5881 1983
3020234834.4718 1984
3303146616.6432 1985
3389328444.0659 1986
3187543009.1731 1987
3255950520.5601 1988
3215881223.1718 1989
3496401146.4828 1990
3553283138.4149 1991
3477003223.2368 1992
3641544995.2112 1993
3754755000.9472 1994
3878891255.979 1995
3693679851.9778 1996
3794362650.5042 1997
3883868343.895 1998
4059716133.1054 1999
4120151943.9795 2000
3974966286.0366 2001
4069731280.4391 2002
4137948905.8463 2003
4138037752.2637 2004
4213207969.7704 2005
4479674633.8554 2006
4631635192.5352 2007
4980519075.2421 2008
5140789296.4563 2009
5498139628.7136 2010
5790597410.3799 2011
6101468412.5791 2012
6348314070.7017 2013
6638553937.995 2014
6995980265.649 2015
6669518627.2928 2016
6547749936.7294 2017
6957997050.9119 2018
6989574391.404 2019
6926743580.5788 2020
6992128549.248 2021
6672498145.1625 2022
Sri Lanka | 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
Democratic Socialist Republic of Sri Lanka
Records
63
Source