Fiji - Agriculture, value added (current US$)

The latest value for Agriculture, value added (current US$) in Fiji was $422,589,300 as of 2020. Over the past 57 years, the value for this indicator has fluctuated between $651,258,900 in 2019 and $43,143,100 in 1967.

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
1963 $48,986,270
1964 $46,215,840
1965 $44,578,770
1966 $43,784,600
1967 $43,143,100
1968 $44,085,650
1969 $44,373,280
1970 $55,256,220
1971 $53,431,540
1972 $69,801,260
1973 $95,316,040
1974 $130,337,600
1975 $160,603,500
1976 $163,751,800
1977 $154,022,200
1978 $166,627,300
1979 $201,029,100
1980 $243,887,500
1981 $221,975,200
1982 $221,844,700
1983 $186,734,500
1984 $163,749,300
1985 $186,977,300
1986 $244,607,600
1987 $246,133,100
1988 $195,707,200
1989 $232,314,400
1990 $240,102,000
1991 $252,644,300
1992 $269,334,700
1993 $278,333,200
1994 $327,145,500
1995 $338,406,500
1996 $368,417,300
1997 $309,690,400
1998 $237,568,000
1999 $317,678,700
2000 $251,526,800
2001 $215,032,100
2002 $244,026,200
2003 $287,886,900
2004 $334,444,900
2005 $359,873,600
2006 $380,620,700
2007 $401,442,100
2008 $376,892,600
2009 $289,601,400
2010 $294,639,300
2011 $347,925,500
2012 $384,323,100
2013 $423,753,700
2014 $393,342,300
2015 $368,592,500
2016 $525,773,400
2017 $563,811,300
2018 $608,735,900
2019 $651,258,900
2020 $422,589,300

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