Malawi - Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in Malawi was 22.66 as of 2020. Its highest value over the past 60 years was 49.23 in 1963, while its lowest value was 21.63 in 2018.

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
1960 48.37
1961 48.60
1962 48.62
1963 49.23
1964 48.09
1965 47.96
1966 45.91
1967 44.01
1968 42.39
1969 41.72
1970 40.97
1971 41.21
1972 42.52
1973 38.93
1974 38.66
1975 34.77
1976 37.04
1977 39.26
1978 36.83
1979 49.09
1980 39.23
1981 35.95
1982 37.23
1983 38.19
1984 37.66
1985 38.13
1986 38.78
1987 43.07
1988 43.43
1989 40.54
1990 38.48
1991 39.65
1992 34.93
1993 44.78
1994 22.34
1995 26.86
1996 31.42
1997 30.31
1998 32.19
1999 34.40
2000 35.66
2001 35.28
2002 38.82
2003 36.22
2004 34.71
2005 32.91
2006 30.87
2007 27.51
2008 29.98
2009 30.43
2010 29.61
2011 28.77
2012 28.29
2013 28.67
2014 28.70
2015 27.48
2016 25.93
2017 22.93
2018 21.63
2019 23.00
2020 22.66

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