Gabon - Agriculture, value added (current US$)

The latest value for Agriculture, value added (current US$) in Gabon was $1,019,946,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $1,019,946,000 in 2020 and $45,533,970 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 $45,533,970
1961 $59,028,400
1962 $65,597,390
1963 $68,100,410
1964 $65,093,100
1965 $59,577,020
1966 $61,869,490
1967 $65,446,940
1968 $54,127,260
1969 $59,239,750
1970 $60,057,240
1971 $52,659,020
1972 $56,343,030
1973 $83,898,190
1974 $126,711,300
1975 $138,115,900
1976 $150,658,800
1977 $153,451,800
1978 $155,546,600
1979 $225,647,000
1980 $289,190,400
1981 $236,262,700
1982 $221,541,800
1983 $220,434,200
1984 $217,412,900
1985 $225,480,400
1986 $314,664,000
1987 $360,754,800
1988 $386,371,300
1989 $363,626,900
1990 $435,972,600
1991 $411,900,600
1992 $461,449,900
1993 $371,494,400
1994 $380,778,500
1995 $398,278,300
1996 $403,868,700
1997 $384,464,200
1998 $314,771,500
1999 $340,101,200
2000 $315,682,200
2001 $308,626,000
2002 $306,460,900
2003 $390,976,100
2004 $424,820,500
2005 $477,667,100
2006 $507,209,100
2007 $617,518,100
2008 $658,643,500
2009 $611,035,600
2010 $562,608,600
2011 $625,030,600
2012 $575,845,500
2013 $585,776,600
2014 $659,202,900
2015 $620,146,200
2016 $697,427,300
2017 $786,151,700
2018 $916,899,800
2019 $937,277,200
2020 $1,019,946,000

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