Malaysia - Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in Malaysia was 8.19 as of 2020. Its highest value over the past 60 years was 45.38 in 1961, while its lowest value was 7.24 in 2019.

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 43.72
1961 45.38
1962 42.97
1963 35.12
1964 33.27
1965 31.01
1966 31.54
1967 31.60
1968 31.34
1969 33.14
1970 32.58
1971 28.43
1972 28.26
1973 28.94
1974 32.47
1975 30.72
1976 29.40
1977 28.21
1978 26.39
1979 24.88
1980 23.03
1981 21.82
1982 21.50
1983 20.22
1984 20.35
1985 20.28
1986 20.18
1987 19.96
1988 20.07
1989 18.08
1990 15.22
1991 14.36
1992 14.57
1993 13.79
1994 13.66
1995 12.95
1996 11.68
1997 11.10
1998 13.31
1999 10.84
2000 8.60
2001 8.01
2002 8.99
2003 9.31
2004 9.27
2005 8.26
2006 8.61
2007 9.99
2008 9.97
2009 9.22
2010 10.09
2011 11.45
2012 9.79
2013 9.11
2014 8.87
2015 8.29
2016 8.46
2017 8.60
2018 7.51
2019 7.24
2020 8.19

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