Benin - Agriculture, value added (current US$)

The latest value for Agriculture, value added (current US$) in Benin was $4,243,005,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $4,243,005,000 in 2020 and $104,406,700 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 $104,406,700
1961 $108,864,100
1962 $105,708,300
1963 $111,013,000
1964 $122,843,600
1965 $129,355,600
1966 $136,764,200
1967 $128,861,300
1968 $126,835,500
1969 $127,327,000
1970 $121,199,800
1971 $115,123,500
1972 $140,460,800
1973 $169,591,000
1974 $174,903,200
1975 $206,707,100
1976 $231,847,100
1977 $238,929,000
1978 $320,842,400
1979 $415,096,500
1980 $497,918,400
1981 $421,739,800
1982 $412,043,200
1983 $363,191,700
1984 $350,149,100
1985 $329,875,800
1986 $449,879,700
1987 $519,970,000
1988 $557,042,200
1989 $568,721,900
1990 $679,224,900
1991 $696,122,800
1992 $575,422,300
1993 $776,066,900
1994 $516,082,600
1995 $717,933,100
1996 $843,043,800
1997 $811,642,000
1998 $897,990,600
1999 $902,224,300
2000 $828,649,400
2001 $918,321,400
2002 $1,064,639,000
2003 $1,308,107,000
2004 $1,641,712,000
2005 $1,752,870,000
2006 $1,873,311,000
2007 $2,203,281,000
2008 $2,625,673,000
2009 $2,627,380,000
2010 $2,464,041,000
2011 $2,758,556,000
2012 $2,871,014,000
2013 $3,163,936,000
2014 $3,403,291,000
2015 $3,005,573,000
2016 $3,280,776,000
2017 $3,618,577,000
2018 $4,002,712,000
2019 $3,867,881,000
2020 $4,243,005,000

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