Upper middle income | Agriculture, forestry, and fishing, value added (% of GDP)
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. Note: For VAB countries, gross value added at factor cost is used as the denominator. 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 (% of GDP)
20.70201688 1960
26.43405878 1961
27.33790865 1962
27.7301044 1963
26.17269262 1964
26.11137464 1965
25.92246676 1966
26.18471135 1967
25.74265561 1968
23.9253429 1969
22.80982074 1970
21.77260652 1971
21.16837839 1972
21.14933437 1973
20.42969413 1974
19.68256727 1975
18.92478366 1976
18.10239342 1977
17.63848705 1978
17.86633919 1979
15.3747887 1980
15.00768239 1981
15.62301817 1982
16.1579581 1983
15.77307589 1984
15.02906634 1985
14.91193982 1986
14.23169743 1987
14.50468015 1988
15.0522197 1989
13.79479321 1990
12.94506863 1991
11.25559882 1992
10.56385484 1993
10.32993722 1994
10.28778706 1995
10.39235124 1996
9.7425383 1997
9.57883703 1998
9.45924409 1999
8.54283638 2000
8.45330078 2001
8.88452156 2002
8.70403484 2003
8.57953394 2004
7.72759451 2005
7.20402886 2006
7.18351601 2007
7.31014296 2008
7.47379174 2009
7.24215285 2010
7.16848809 2011
7.05122313 2012
7.05965244 2013
7.04510169 2014
7.1939307 2015
7.161133 2016
6.68948866 2017
6.40241036 2018
6.51560043 2019
7.26127196 2020
6.90713193 2021
6.8414755 2022
Upper middle income | Agriculture, forestry, and fishing, value added (% of GDP)
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. Note: For VAB countries, gross value added at factor cost is used as the denominator. 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