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