Kiribati - Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in Kiribati was 29.44 as of 2019. Its highest value over the past 41 years was 30.51 in 2017, while its lowest value was 11.13 in 1990.

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
1978 18.48
1979 17.56
1980 14.29
1981 18.95
1982 19.20
1983 19.98
1984 27.64
1985 20.60
1986 14.78
1987 16.72
1988 21.02
1989 17.30
1990 11.13
1991 26.83
1992 30.48
1993 29.42
1994 29.35
1995 28.50
1996 26.08
1997 23.91
1998 24.39
1999 25.16
2000 19.96
2001 20.40
2002 21.66
2003 23.45
2004 24.40
2005 20.47
2006 22.04
2007 23.17
2008 24.69
2009 26.61
2010 24.06
2011 25.07
2012 24.34
2013 23.05
2014 23.74
2015 21.58
2016 26.32
2017 30.51
2018 29.16
2019 29.44

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