Agriculture, value added (% of GDP) - Country Ranking - Central America & the Caribbean

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: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Haiti 20.36 2020
2 Nicaragua 15.77 2020
3 Dominica 15.16 2020
4 Honduras 12.12 2020
5 Belize 10.71 2020
6 Guatemala 10.24 2020
7 Jamaica 8.68 2020
8 St. Vincent and the Grenadines 7.29 2020
9 Dominican Republic 6.04 2020
10 El Salvador 5.11 2020
11 Grenada 4.90 2020
12 Costa Rica 4.67 2020
13 Panama 2.77 2020
14 Cuba 2.76 2020
15 St. Lucia 2.24 2020
16 Antigua and Barbuda 2.21 2020
17 Barbados 1.59 2005
18 St. Kitts and Nevis 1.44 2020
19 Trinidad and Tobago 1.16 2019
20 Puerto Rico 0.62 2020
21 The Bahamas 0.44 2020
22 Cayman Islands 0.41 2019

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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.