Burkina Faso - Agriculture, value added (current US$)

The latest value for Agriculture, value added (current US$) in Burkina Faso was $3,299,439,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $3,336,512,000 in 2018 and $127,169,400 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 $127,169,400
1961 $134,169,200
1962 $143,699,500
1963 $151,680,500
1964 $158,717,000
1965 $149,775,100
1966 $157,359,700
1967 $150,605,800
1968 $145,472,000
1969 $153,140,000
1970 $139,867,700
1971 $147,615,000
1972 $184,584,200
1973 $198,373,400
1974 $231,534,000
1975 $271,334,000
1976 $283,349,700
1977 $321,522,200
1978 $444,454,500
1979 $513,702,800
1980 $548,650,200
1981 $529,271,600
1982 $482,812,500
1983 $441,914,300
1984 $416,048,900
1985 $526,359,800
1986 $597,867,400
1987 $659,200,900
1988 $746,793,200
1989 $722,626,900
1990 $866,814,200
1991 $934,032,400
1992 $967,056,800
1993 $967,253,400
1994 $624,456,000
1995 $790,409,700
1996 $940,965,800
1997 $825,813,600
1998 $1,025,572,000
1999 $923,734,500
2000 $739,540,800
2001 $858,861,600
2002 $955,302,500
2003 $1,230,750,000
2004 $1,274,683,000
2005 $1,645,435,000
2006 $1,651,847,000
2007 $1,665,419,000
2008 $2,581,592,000
2009 $2,193,020,000
2010 $2,440,804,000
2011 $2,783,741,000
2012 $2,983,996,000
2013 $3,178,380,000
2014 $3,303,627,000
2015 $2,677,981,000
2016 $2,786,729,000
2017 $2,904,000,000
2018 $3,336,512,000
2019 $2,972,916,000
2020 $3,299,439,000

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