Suriname - Agriculture, value added (current US$)

The latest value for Agriculture, value added (current US$) in Suriname was $236,362,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $533,555,800 in 2015 and $9,500,000 in 1960.

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 or 4. Data are in current U.S. dollars.

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

See also:

Year Value
1960 $9,500,000
1961 $10,000,000
1962 $10,200,000
1963 $11,050,000
1964 $12,150,000
1965 $14,200,000
1966 $15,700,000
1967 $17,250,000
1968 $18,950,000
1969 $17,950,000
1970 $17,800,000
1971 $19,600,000
1972 $20,900,000
1973 $21,450,000
1974 $29,050,000
1975 $29,050,000
1976 $35,800,000
1977 $46,050,000
1978 $45,850,000
1979 $58,000,000
1980 $61,500,000
1981 $70,000,000
1982 $72,000,000
1983 $63,500,000
1984 $67,000,000
1985 $71,500,000
1986 $83,000,000
1987 $102,000,000
1988 $117,000,000
1989 $48,800,000
1990 $31,400,000
1991 $39,500,000
1992 $45,133,330
1993 $80,941,180
1994 $98,828,360
1995 $96,728,500
1996 $127,346,600
1997 $108,407,500
1998 $93,170,000
1999 $74,861,620
2000 $90,400,760
2001 $75,876,610
2002 $73,321,700
2003 $82,564,020
2004 $77,542,060
2005 $88,223,450
2006 $262,419,400
2007 $297,996,400
2008 $315,482,700
2009 $381,420,800
2010 $413,783,000
2011 $386,168,900
2012 $417,575,700
2013 $436,666,700
2014 $491,818,200
2015 $533,555,800
2016 $357,223,100
2017 $392,109,700
2018 $400,938,000
2019 $345,255,300
2020 $236,362,000

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.

Aggregation method: Gap-filled total

Periodicity: Annual

General Comments: Note: Data for OECD countries are based on ISIC, revision 4.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts