Guyana - Agriculture, value added (current US$)

The latest value for Agriculture, value added (current US$) in Guyana was $921,971,200 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $1,088,920,000 in 2015 and $39,900,000 in 1968.

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 $40,133,000
1961 $44,332,960
1962 $45,732,950
1963 $42,991,310
1964 $42,757,980
1965 $46,000,000
1966 $43,647,060
1967 $47,117,650
1968 $39,900,000
1969 $44,700,000
1970 $45,050,000
1971 $50,850,000
1972 $49,619,050
1973 $50,619,050
1974 $120,045,500
1975 $142,250,000
1976 $94,400,000
1977 $84,320,000
1978 $102,640,000
1979 $105,400,000
1980 $124,800,000
1981 $107,142,900
1982 $97,333,340
1983 $97,000,000
1984 $91,315,790
1985 $102,093,000
1986 $113,953,500
1987 $91,734,700
1988 $93,600,000
1989 $133,161,800
1990 $151,215,200
1991 $141,234,400
1992 $163,605,100
1993 $166,559,100
1994 $205,263,900
1995 $253,985,900
1996 $266,424,500
1997 $272,336,600
1998 $243,284,900
1999 $243,261,200
2000 $213,680,900
2001 $211,780,000
2002 $224,241,500
2003 $238,618,800
2004 $248,112,100
2005 $238,273,900
2006 $809,144,600
2007 $829,798,500
2008 $959,818,400
2009 $931,468,500
2010 $979,356,300
2011 $948,080,400
2012 $1,033,650,000
2013 $1,068,940,000
2014 $1,015,160,000
2015 $1,088,920,000
2016 $913,898,300
2017 $1,080,586,000
2018 $935,302,700
2019 $910,340,500
2020 $921,971,200

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