Burkina Faso - Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in Burkina Faso was 18.40 as of 2020. Its highest value over the past 60 years was 38.68 in 1964, while its lowest value was 18.38 in 2019.

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
1960 38.48
1961 38.31
1962 37.86
1963 38.49
1964 38.68
1965 35.41
1966 36.27
1967 33.41
1968 31.59
1969 32.02
1970 30.51
1971 30.60
1972 31.90
1973 29.40
1974 30.82
1975 28.87
1976 29.02
1977 28.42
1978 30.12
1979 29.38
1980 28.45
1981 29.80
1982 27.52
1983 27.61
1984 28.50
1985 33.90
1986 29.36
1987 27.82
1988 28.55
1989 27.63
1990 27.95
1991 29.79
1992 28.81
1993 30.23
1994 32.95
1995 33.22
1996 36.38
1997 33.74
1998 36.56
1999 27.25
2000 24.91
2001 26.92
2002 26.37
2003 25.96
2004 23.38
2005 26.77
2006 25.23
2007 21.84
2008 27.31
2009 23.20
2010 24.14
2011 23.04
2012 23.76
2013 23.64
2014 23.69
2015 22.63
2016 21.71
2017 20.59
2018 21.00
2019 18.38
2020 18.40

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