Low income - Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in Low income was 27.64 as of 2020. Its highest value over the past 39 years was 36.82 in 1988, while its lowest value was 23.77 in 2010.

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
1981 27.67
1982 27.28
1983 28.68
1984 28.67
1985 31.32
1986 31.91
1987 33.29
1988 36.82
1989 33.98
1990 34.04
1991 36.12
1992 35.37
1993 33.29
1994 32.63
1995 32.92
1996 31.23
1997 31.17
1998 32.51
1999 28.71
2000 27.40
2001 27.21
2002 27.03
2003 26.61
2004 24.50
2005 24.50
2006 24.70
2007 24.31
2008 24.30
2009 26.36
2010 23.77
2011 25.29
2012 27.49
2013 26.01
2014 26.21
2015 25.73
2016 25.52
2017 26.13
2018 25.63
2019 26.20
2020 27.64

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