Eswatini - Agriculture, value added (current US$)

The latest value for Agriculture, value added (current US$) in Eswatini was $333,276,400 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $498,589,400 in 2012 and $11,059,780 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 $11,059,780
1961 $13,019,740
1962 $15,959,680
1963 $20,999,580
1964 $23,939,520
1965 $23,239,540
1966 $27,439,450
1967 $20,579,590
1968 $18,479,630
1969 $30,659,390
1970 $33,739,320
1971 $45,721,480
1972 $52,686,350
1973 $66,282,420
1974 $73,289,180
1975 $71,670,050
1976 $70,147,190
1977 $79,346,820
1978 $106,945,700
1979 $117,605,100
1980 $105,783,100
1981 $110,072,900
1982 $88,229,880
1983 $77,371,870
1984 $87,914,320
1985 $61,022,120
1986 $85,207,880
1987 $82,809,430
1988 $95,579,500
1989 $90,936,820
1990 $98,890,740
1991 $113,671,100
1992 $99,179,520
1993 $120,384,400
1994 $162,098,700
1995 $171,248,600
1996 $192,077,800
1997 $186,614,600
1998 $173,843,700
1999 $172,105,700
2000 $214,064,100
2001 $186,627,700
2002 $179,064,900
2003 $272,180,100
2004 $267,575,400
2005 $348,696,300
2006 $368,112,100
2007 $373,101,500
2008 $329,391,400
2009 $331,202,400
2010 $450,811,800
2011 $468,547,000
2012 $498,589,400
2013 $465,077,600
2014 $408,427,900
2015 $380,088,600
2016 $341,910,300
2017 $371,071,800
2018 $397,541,100
2019 $384,050,100
2020 $333,276,400

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