Mongolia - Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in Mongolia was 12.97 as of 2020. Its highest value over the past 39 years was 38.48 in 1996, while its lowest value was 10.31 in 2011.

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
1981 16.74
1982 18.04
1983 18.42
1984 17.20
1985 16.40
1986 18.67
1987 16.42
1988 16.63
1989 15.52
1990 12.47
1991 11.81
1992 25.56
1993 25.71
1994 27.48
1995 32.54
1996 38.48
1997 32.24
1998 32.43
1999 31.70
2000 27.42
2001 22.97
2002 18.92
2003 18.44
2004 20.03
2005 19.80
2006 17.64
2007 18.43
2008 19.22
2009 17.86
2010 11.73
2011 10.31
2012 11.26
2013 13.41
2014 13.34
2015 14.08
2016 12.63
2017 11.14
2018 11.43
2019 11.56
2020 12.97

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