Nigeria - Agriculture

Agriculture, value added (current US$)

The latest value for Agriculture, value added (current US$) in Nigeria was $53,715,680,000 as of 2007. Over the past 5 years, the value for this indicator has fluctuated between $53,715,680,000 in 2007 and $27,841,380,000 in 2002.

Definition: Agriculture corresponds to ISIC divisions 1-5 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 3. Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
2002 $27,841,380,000
2003 $28,049,170,000
2004 $29,376,300,000
2005 $36,360,480,000
2006 $46,173,030,000
2007 $53,715,680,000

Agriculture, value added (current LCU)

The value for Agriculture, value added (current LCU) in Nigeria was 6,757,870,000,000 as of 2007. As the graph below shows, over the past 5 years this indicator reached a maximum value of 6,757,870,000,000 in 2007 and a minimum value of 3,357,060,000,000 in 2002.

Definition: Agriculture corresponds to ISIC divisions 1-5 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 3. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
2002 3,357,060,000,000
2003 3,624,580,000,000
2004 3,903,760,000,000
2005 4,773,200,000,000
2006 5,940,240,000,000
2007 6,757,870,000,000

Agriculture, value added (annual % growth)

Definition: Annual growth rate for agricultural value added based on constant local currency. Aggregates are based on constant 2000 U.S. dollars. Agriculture corresponds to ISIC divisions 1-5 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 3.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
2003 7.00
2004 6.30
2005 7.10
2006 7.40
2007 7.40

Agriculture, value added (constant LCU)

The value for Agriculture, value added (constant LCU) in Nigeria was 4,717,090,000,000 as of 2007. As the graph below shows, over the past 5 years this indicator reached a maximum value of 4,717,090,000,000 in 2007 and a minimum value of 3,357,060,000,000 in 2002.

Definition: Agriculture corresponds to ISIC divisions 1-5 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 3. Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
2002 3,357,060,000,000
2003 3,592,060,000,000
2004 3,818,360,000,000
2005 4,089,460,000,000
2006 4,392,080,000,000
2007 4,717,090,000,000

Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in Nigeria was 32.71 as of 2007. Its highest value over the past 5 years was 48.57 in 2002, while its lowest value was 32.00 in 2006.

Definition: Agriculture corresponds to ISIC divisions 1-5 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 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
2002 48.57
2003 42.71
2004 34.21
2005 32.76
2006 32.00
2007 32.71

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts