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

Agriculture, value added (% of GDP) in Middle income was 9.18 as of 2020. Its highest value over the past 60 years was 32.99 in 1963, while its lowest value was 8.20 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 29.20
1961 31.50
1962 31.65
1963 32.99
1964 32.31
1965 31.53
1966 30.17
1967 31.23
1968 30.50
1969 29.01
1970 27.55
1971 26.75
1972 25.89
1973 25.59
1974 23.77
1975 22.92
1976 21.38
1977 21.47
1978 20.18
1979 19.69
1980 17.93
1981 16.92
1982 17.07
1983 17.96
1984 18.29
1985 17.76
1986 17.74
1987 17.37
1988 17.45
1989 17.19
1990 16.27
1991 15.61
1992 13.98
1993 12.89
1994 12.96
1995 12.75
1996 12.82
1997 12.15
1998 12.11
1999 12.00
2000 10.93
2001 10.91
2002 11.23
2003 11.04
2004 10.60
2005 9.73
2006 9.18
2007 9.06
2008 9.04
2009 9.34
2010 9.08
2011 8.92
2012 8.75
2013 8.78
2014 8.79
2015 8.99
2016 8.99
2017 8.56
2018 8.20
2019 8.38
2020 9.18

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