Cabo Verde - Agriculture, value added (constant 2010 US$)

The latest value for Agriculture, value added (constant 2010 US$) in Cabo Verde was 82,588,700 as of 2020. Over the past 40 years, the value for this indicator has fluctuated between 139,518,800 in 2015 and 18,536,680 in 1983.

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 constant 2010 U.S. dollars.

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

See also:

Year Value
1980 26,170,780
1981 24,411,390
1982 19,582,860
1983 18,536,680
1984 19,140,360
1985 24,214,470
1986 25,930,360
1987 34,577,680
1988 37,324,480
1989 36,284,370
1990 32,130,070
1991 29,848,480
1992 28,439,450
1993 36,422,250
1994 40,500,840
1995 50,033,580
1996 50,980,950
1997 53,385,290
1998 55,462,580
1999 79,741,450
2000 87,384,760
2001 80,157,260
2002 77,519,070
2003 79,054,980
2004 83,853,260
2005 80,674,940
2006 80,904,370
2007 106,515,200
2008 107,531,400
2009 118,839,100
2010 114,309,400
2011 120,267,200
2012 131,017,800
2013 129,287,300
2014 129,069,600
2015 139,518,800
2016 134,635,900
2017 117,766,600
2018 95,340,190
2019 88,374,550
2020 82,588,700

Development Relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions.

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

Base Period: 2010

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