Papua New Guinea - Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in Papua New Guinea was 16.98 as of 2019. Its highest value over the past 58 years was 49.04 in 1961, while its lowest value was 16.97 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
1961 49.04
1962 47.38
1963 44.03
1964 42.55
1965 41.59
1966 41.33
1967 41.96
1968 42.89
1969 41.81
1970 37.18
1971 34.49
1972 32.38
1973 28.21
1974 28.00
1975 29.70
1976 31.70
1977 32.98
1978 36.03
1979 33.86
1980 33.12
1981 33.39
1982 32.43
1983 32.68
1984 37.37
1985 33.77
1986 32.19
1987 29.86
1988 29.15
1989 28.12
1990 28.97
1991 25.98
1992 24.47
1993 27.57
1994 32.36
1995 33.81
1996 31.65
1997 35.03
1998 33.69
1999 34.26
2000 33.97
2001 34.41
2002 37.99
2003 38.35
2004 35.97
2006 20.40
2007 19.61
2008 20.17
2009 21.64
2010 19.61
2011 19.20
2012 19.27
2013 19.26
2014 17.69
2015 17.46
2016 17.87
2017 17.65
2018 16.97
2019 16.98

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