Guyana - Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in Guyana was 16.85 as of 2020. Its highest value over the past 60 years was 43.79 in 1992, while its lowest value was 16.49 in 1973.

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
1960 23.58
1961 23.85
1962 23.46
1963 24.46
1964 21.95
1965 21.57
1966 19.08
1967 18.83
1968 17.37
1969 17.93
1970 16.82
1971 18.03
1972 17.39
1973 16.49
1974 27.66
1975 28.75
1976 20.77
1977 18.74
1978 20.24
1979 19.87
1980 20.69
1981 18.79
1982 20.19
1983 19.82
1984 20.87
1985 22.51
1986 22.58
1987 25.87
1988 22.62
1989 35.06
1990 38.13
1991 40.52
1992 43.79
1993 36.68
1994 37.95
1995 40.86
1996 37.77
1997 36.35
1998 33.91
1999 35.01
2000 29.98
2001 29.74
2002 30.88
2003 32.11
2004 31.49
2005 28.89
2006 34.00
2007 30.38
2008 31.73
2009 29.42
2010 28.53
2011 25.68
2012 25.44
2013 25.65
2014 24.59
2015 25.44
2016 20.39
2017 22.76
2018 19.54
2019 17.60
2020 16.85

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