Upper middle income | 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
Upper middle income
Records
63
Source
Upper middle income | Agriculture, forestry, and fishing, value added (current US$)
1960 48884989116.587
1961 58284678646.073
1962 60696644031.53
1963 67181250037.607
1964 73300957069.98
1965 82247208758.979
1966 89493029645.781
1967 92096169930.024
1968 94152111165.061
1969 97822888656.407
1970 102829814218.45
1971 105144822219.17
1972 116788211540.51
1973 146364844001.09
1974 171454840839.83
1975 190642969809.17
1976 190254933139.48
1977 201451124022.56
1978 234921473032.51
1979 293167880730.34
1980 309860750379.22
1981 319808711581.62
1982 305808327812.26
1983 314102793719.84
1984 321513068248.45
1985 292176676026.03
1986 281908844724.73
1987 299958126339.39
1988 345851230095.69
1989 368337957876.51
1990 382737074579.5
1991 349199137866.39
1992 321185340086.76
1993 345871212168.23
1994 348271330340.89
1995 387305132305.4
1996 426466792266.27
1997 425611902307.14
1998 402048027148.27
1999 380118466815.95
2000 380366973613.01
2001 378161419857.55
2002 403143362861.91
2003 442911915387.92
2004 520534788574.19
2005 561239770844.64
2006 622939873333.81
2007 767588000041.28
2008 950659903813.59
2009 938970849875.78
2010 1115583380061.5
2011 1332394134040.3
2012 1402042314996.4
2013 1501481681056
2014 1541087161760
2015 1479071922655.4
2016 1468752188659.4
2017 1517625029862.1
2018 1560653505298.6
2019 1617959557259.8
2020 1739757969033.3
2021 1998458043207.2
2022 2094138581142.8

Upper middle income | 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
Upper middle income
Records
63
Source