Nigeria - Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in Nigeria was 24.14 as of 2020. Its highest value over the past 39 years was 36.97 in 2002, while its lowest value was 12.24 in 1981.

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 12.24
1982 13.50
1983 14.99
1984 18.31
1985 18.23
1986 18.02
1987 20.55
1988 23.37
1989 21.28
1990 21.56
1991 20.89
1992 20.32
1993 23.49
1994 25.17
1995 25.49
1996 26.20
1997 27.42
1998 27.91
1999 26.03
2000 21.36
2001 24.48
2002 36.97
2003 33.83
2004 27.23
2005 26.09
2006 24.73
2007 24.66
2008 25.28
2009 26.75
2010 23.89
2011 22.23
2012 21.86
2013 20.76
2014 19.99
2015 20.63
2016 20.98
2017 20.85
2018 21.20
2019 21.91
2020 24.14

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