Micronesia - Agriculture

Agriculture, value added (current US$)

The latest value for Agriculture, value added (current US$) in Micronesia was $92,258,300 as of 2020. Over the past 37 years, the value for this indicator has fluctuated between $101,309,800 in 2017 and $44,900,000 in 1983.

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. Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1983 $44,900,000
1995 $53,002,800
1996 $51,078,200
1997 $47,747,600
1998 $55,273,800
1999 $52,059,400
2000 $56,160,300
2001 $55,533,600
2002 $56,312,700
2003 $56,870,800
2004 $52,754,200
2005 $56,132,600
2006 $56,640,600
2007 $64,149,400
2008 $68,945,700
2009 $70,161,400
2010 $73,481,800
2011 $82,076,900
2012 $91,980,400
2013 $83,781,200
2014 $79,506,900
2015 $82,925,700
2016 $90,266,200
2017 $101,309,800
2018 $90,483,800
2019 $91,865,600
2020 $92,258,300

Agriculture, value added (current LCU)

The value for Agriculture, value added (current LCU) in Micronesia was 92,258,300 as of 2020. As the graph below shows, over the past 37 years this indicator reached a maximum value of 101,309,800 in 2017 and a minimum value of 44,900,000 in 1983.

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. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1983 44,900,000
1995 53,002,800
1996 51,078,200
1997 47,747,600
1998 55,273,800
1999 52,059,400
2000 56,160,300
2001 55,533,600
2002 56,312,700
2003 56,870,800
2004 52,754,200
2005 56,132,600
2006 56,640,600
2007 64,149,400
2008 68,945,700
2009 70,161,400
2010 73,481,800
2011 82,076,900
2012 91,980,400
2013 83,781,200
2014 79,506,900
2015 82,925,700
2016 90,266,200
2017 101,309,800
2018 90,483,800
2019 91,865,600
2020 92,258,300

Agriculture, value added (constant 2010 US$)

The latest value for Agriculture, value added (constant 2010 US$) in Micronesia was 74,927,620 as of 2020. Over the past 25 years, the value for this indicator has fluctuated between 82,925,700 in 2015 and 61,943,850 in 1997.

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. Data are in constant 2010 U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1995 70,881,740
1996 67,746,720
1997 61,943,850
1998 71,409,420
1999 65,111,180
2000 69,659,140
2001 67,403,420
2002 68,689,640
2003 70,745,190
2004 65,545,920
2005 68,294,780
2006 68,364,480
2007 72,283,630
2008 72,196,030
2009 71,989,780
2010 69,745,370
2011 77,087,180
2012 75,968,700
2013 71,689,980
2014 75,703,670
2015 82,925,700
2016 78,947,290
2017 78,252,860
2018 78,361,830
2019 80,471,060
2020 74,927,620

Agriculture, value added (annual % growth)

The value for Agriculture, value added (annual % growth) in Micronesia was -6.89 as of 2020. As the graph below shows, over the past 24 years this indicator reached a maximum value of 15.28 in 1998 and a minimum value of -8.82 in 1999.

Definition: Annual growth rate for agricultural value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. 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
1996 -4.42
1997 -8.57
1998 15.28
1999 -8.82
2000 6.98
2001 -3.24
2002 1.91
2003 2.99
2004 -7.35
2005 4.19
2006 0.10
2007 5.73
2008 -0.12
2009 -0.29
2010 -3.12
2011 10.53
2012 -1.45
2013 -5.63
2014 5.60
2015 9.54
2016 -4.80
2017 -0.88
2018 0.14
2019 2.69
2020 -6.89

Agriculture, value added (constant LCU)

The value for Agriculture, value added (constant LCU) in Micronesia was 60,305,000 as of 2020. As the graph below shows, over the past 25 years this indicator reached a maximum value of 66,742,200 in 2015 and a minimum value of 49,855,100 in 1997.

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. Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1995 57,048,700
1996 54,525,500
1997 49,855,100
1998 57,473,400
1999 52,404,300
2000 56,064,700
2001 54,249,200
2002 55,284,400
2003 56,938,800
2004 52,754,200
2005 54,966,600
2006 55,022,700
2007 58,177,000
2008 58,106,500
2009 57,940,500
2010 56,134,100
2011 62,043,100
2012 61,142,900
2013 57,699,200
2014 60,929,600
2015 66,742,200
2016 63,540,200
2017 62,981,300
2018 63,069,000
2019 64,766,600
2020 60,305,000

Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in Micronesia was 22.50 as of 2020. Its highest value over the past 37 years was 42.16 in 1983, while its lowest value was 21.96 in 2004.

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
1983 42.16
1995 23.92
1996 23.37
1997 23.11
1998 25.25
1999 23.65
2000 24.08
2001 23.05
2002 23.22
2003 23.17
2004 21.96
2005 22.43
2006 22.34
2007 24.98
2008 26.20
2009 25.03
2010 24.75
2011 26.37
2012 28.11
2013 26.41
2014 24.90
2015 26.20
2016 27.17
2017 27.63
2018 22.51
2019 22.51
2020 22.50

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts