Bhutan - Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in Bhutan was 19.23 as of 2020. Its highest value over the past 40 years was 39.83 in 1980, while its lowest value was 13.96 in 2012.

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.

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

See also:

Year Value
1980 39.83
1981 37.62
1982 38.34
1983 38.11
1984 38.47
1985 39.49
1986 38.29
1987 33.01
1988 34.85
1989 32.41
1990 31.61
1991 30.17
1992 30.49
1993 28.59
1994 30.39
1995 27.85
1996 27.18
1997 27.29
1998 25.84
1999 24.14
2000 24.27
2001 23.17
2002 23.20
2003 22.14
2004 21.73
2005 20.20
2006 19.36
2007 16.74
2008 16.38
2009 16.19
2010 14.78
2011 14.30
2012 13.96
2013 14.09
2014 14.51
2015 14.44
2016 14.39
2017 15.03
2018 15.99
2019 15.78
2020 19.23

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: Weighted average

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