Madagascar - Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in Madagascar was 25.12 as of 2020. Its highest value over the past 54 years was 34.96 in 1995, while its lowest value was 21.40 in 1969.

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
1966 22.68
1967 22.85
1968 21.87
1969 21.40
1970 21.86
1971 21.51
1972 22.29
1973 23.88
1974 30.51
1975 30.36
1976 29.68
1977 29.30
1978 28.48
1979 26.38
1995 34.96
1996 33.43
1997 33.80
1998 33.24
1999 33.28
2000 30.88
2001 29.85
2002 34.14
2003 32.03
2004 31.42
2005 30.76
2006 30.18
2007 28.07
2008 27.05
2009 30.47
2010 29.08
2011 29.05
2012 28.00
2013 26.49
2014 25.85
2015 25.74
2016 25.13
2017 24.55
2018 23.97
2019 22.96
2020 25.12

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