Sri Lanka | 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
Democratic Socialist Republic of Sri Lanka
Records
63
Source
Sri Lanka | Agriculture, forestry, and fishing, value added (current US$)
1960 452628709.26471
1961 475327540.5042
1962 445915395.32922
1963 401354271.04202
1964 405529192.18487
1965 485122994.60084
1966 502368228.59244
1967 559275604.40329
1968 569726904.53781
1969 576361745.79832
1970 660643350.33613
1971 652127438.16189
1972 682889314.32161
1973 795661200.1875
1974 1198513211.0827
1975 1162011206.6477
1976 1052996951.1296
1977 1271487722.7734
1978 841415724.27931
1979 916395653.05074
1980 1119568807.6225
1981 1234740284.1558
1982 1268465275.7809
1983 1471615363.8334
1984 1743934672.4057
1985 1677404511.8189
1986 1758550355.7816
1987 1824384640.659
1988 1862082394.4986
1989 1813614001.8031
1990 2143485925.0874
1991 2438015566.8359
1992 2534655740.3605
1993 2572336206.5397
1994 2809159625.6576
1995 3015088050.7317
1996 3132420047.0418
1997 3312463907.4419
1998 3342925531.4197
1999 3245318936.863
2000 3254292790.5467
2001 3160440916.5175
2002 2361305261.3422
2003 2498154786.5727
2004 2591866785.2555
2005 2884636815.9204
2006 3205877650.5434
2007 3779531556.4498
2008 5447184549.4742
2009 5339033090.3491
2010 5305597462.616
2011 6459028532.737
2012 5572578355.5815
2013 6101990987.288
2014 6668889924.5611
2015 6995980265.649
2016 6391204159.6556
2017 7012795074.996
2018 7174037556.0231
2019 6459148420.5775
2020 6956220237.2293
2021 7822888717.9438
2022 6509755335.5317

Sri Lanka | 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
Democratic Socialist Republic of Sri Lanka
Records
63
Source