Kiribati - Agriculture, value added (constant 2010 US$)

The latest value for Agriculture, value added (constant 2010 US$) in Kiribati was 46,817,560 as of 2019. Over the past 37 years, the value for this indicator has fluctuated between 112,018,400 in 1984 and 28,449,660 in 1997.

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 constant 2010 U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1982 76,377,270
1983 75,128,040
1984 112,018,400
1985 89,849,860
1986 73,299,040
1987 67,901,810
1988 100,285,000
1989 76,458,940
1990 60,651,120
1991 28,668,060
1992 31,603,500
1993 31,799,010
1994 31,867,170
1995 34,772,980
1996 29,854,300
1997 28,449,660
1998 31,014,830
1999 31,606,820
2000 30,375,780
2001 31,126,420
2002 29,773,520
2003 32,406,070
2004 34,249,740
2005 31,811,820
2006 31,558,510
2007 31,591,270
2008 32,679,420
2009 32,572,790
2010 31,306,080
2011 33,912,840
2012 34,636,040
2013 34,404,020
2014 36,437,220
2015 36,921,060
2016 40,856,920
2017 44,537,360
2018 46,476,220
2019 46,817,560

Development Relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions.

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

Base Period: 2010

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