Oman - Agriculture, value added (current US$)

The latest value for Agriculture, value added (current US$) in Oman was $1,897,009,000 as of 2020. Over the past 55 years, the value for this indicator has fluctuated between $1,897,009,000 in 2020 and $36,237,100 in 1968.

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
1965 $38,364,600
1966 $39,764,770
1967 $39,491,850
1968 $36,237,100
1969 $38,636,910
1970 $39,836,810
1971 $40,423,480
1972 $44,293,900
1973 $47,619,050
1974 $53,271,570
1975 $58,482,920
1976 $52,982,050
1977 $69,774,180
1978 $88,882,460
1979 $116,676,300
1980 $152,287,200
1981 $179,791,600
1982 $191,372,300
1983 $233,063,100
1984 $257,672,300
1985 $277,359,600
1986 $251,047,100
1987 $274,122,200
1988 $321,456,400
1989 $304,551,400
1990 $302,210,700
1991 $298,569,600
1992 $290,767,200
1993 $299,349,800
1994 $327,178,100
1995 $383,094,900
1996 $382,574,800
1997 $414,824,400
1998 $448,880,600
1999 $460,458,300
2000 $437,368,500
2001 $454,084,800
2002 $467,387,500
2003 $477,361,200
2004 $479,642,100
2005 $502,434,600
2006 $521,717,600
2007 $579,670,700
2008 $679,853,100
2009 $714,483,800
2010 $810,663,200
2011 $852,795,800
2012 $887,646,300
2013 $1,027,308,000
2014 $1,031,469,000
2015 $1,361,508,000
2016 $1,491,548,000
2017 $1,604,681,000
2018 $1,692,328,000
2019 $1,756,567,000
2020 $1,897,009,000

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: Gap-filled total

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