Guatemala - Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in Guatemala was 10.24 as of 2020. Its highest value over the past 55 years was 28.73 in 1965, while its lowest value was 9.43 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
1965 28.73
1966 28.51
1967 27.41
1968 27.93
1969 27.30
1970 27.32
1971 27.70
1972 28.29
1973 27.89
1974 27.90
1975 28.05
1976 27.29
1977 26.31
1978 25.84
1979 25.38
1980 24.84
1981 24.99
1982 25.12
1983 25.34
1984 25.63
1985 25.85
1986 25.61
1987 25.98
1988 25.85
1989 25.63
1990 25.88
1991 25.74
1992 25.29
1993 24.87
1994 24.49
1995 24.15
1996 24.06
1997 23.73
1998 23.44
1999 23.05
2000 22.82
2001 14.17
2002 14.17
2003 13.47
2004 13.07
2005 12.59
2006 11.45
2007 11.64
2008 11.33
2009 11.85
2010 11.23
2011 11.26
2012 10.72
2013 10.36
2014 10.07
2015 9.97
2016 9.66
2017 9.70
2018 9.46
2019 9.43
2020 10.24

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