Bolivia - Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in Bolivia was 14.02 as of 2020. Its highest value over the past 50 years was 21.54 in 1984, while its lowest value was 9.74 in 2014.

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
1970 19.51
1971 19.84
1972 19.25
1973 20.12
1974 21.25
1975 20.84
1976 20.61
1977 20.18
1978 18.50
1979 18.05
1980 17.12
1981 17.36
1982 16.20
1983 19.43
1984 21.54
1985 19.02
1986 16.94
1987 16.39
1988 15.74
1989 15.26
1990 15.35
1991 15.54
1992 14.40
1993 14.65
1994 15.24
1995 14.86
1996 14.18
1997 14.92
1998 12.63
1999 13.26
2000 12.97
2001 13.26
2002 12.96
2003 13.43
2004 13.32
2005 11.79
2006 10.94
2007 10.01
2008 10.44
2009 11.15
2010 10.39
2011 9.77
2012 9.81
2013 9.97
2014 9.74
2015 10.24
2016 11.17
2017 11.59
2018 11.48
2019 12.22
2020 14.02

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