Trinidad and Tobago | 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
Republic of Trinidad and Tobago
Records
63
Source
Trinidad and Tobago | Agriculture, forestry, and fishing, value added (current US$)
year value
1960
1961
1962
1963
1964
1965
1966 48532928.892259
1967 49306714.22818
1968 51350000
1969 52750000
1970 54650000
1971 59344776.950732
1972 77031176.80737
1973 74673336.055533
1974 93561270.212352
1975 123006728.73076
1976 121849084.48969
1977 128750000
1978 130083333.33333
1979 154666666.66667
1980 161375000
1981 181583333.33333
1982 194458333.33333
1983 165500000
1984 102916666.66667
1985 179591836.73469
1986 132472222.22222
1987 132805555.55556
1988 122144752.58858
1989 105929411.76471
1990 128776470.58824
1991 131482352.94118
1992 137929411.76471
1993 117433798.65822
1994 109942783.84445
1995 123255657.55405
1996 120081264.25871
1997 124350176.75192
1998 124382769.9538
1999 131816666.40207
2000 110670180.00571
2001 113521144.83732
2002 125978203.46632
2003 107162713.85681
2004 101127163.04175
2005 77354117.72176
2006 104131681.50566
2007 80433614.61395
2008 101874672.05164
2009 114102341.16885
2010 115253705.59172
2011 116112523.98858
2012 360303440.33843
2013 360907257.93934
2014 428546640.45189
2015 448171898.51982
2016 383707666.94147
2017 413520672.61598
2018 418160749.09907
2019 376859023.14081
2020 369751462.72459
2021 360330576.31131
2022 323664514.88725

Trinidad and Tobago | 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
Republic of Trinidad and Tobago
Records
63
Source