Paraguay - Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in Paraguay was 11.03 as of 2020. Its highest value over the past 58 years was 38.20 in 1963, while its lowest value was 9.77 in 2015.

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
1962 37.00
1963 38.20
1964 37.57
1965 36.71
1966 35.68
1967 32.90
1968 32.49
1969 32.55
1970 32.07
1971 33.20
1972 34.46
1973 37.70
1974 35.30
1975 36.91
1976 34.55
1977 34.11
1978 32.07
1979 31.40
1980 29.46
1981 27.77
1982 25.87
1983 24.79
1984 26.42
1985 25.55
1986 22.71
1987 21.64
1988 22.58
1989 21.11
1990 18.60
1991 16.00
1992 14.95
1993 16.72
1994 18.16
1995 18.44
1996 18.37
1997 16.43
1998 14.80
1999 14.00
2000 12.86
2001 11.37
2002 11.01
2003 13.01
2004 13.93
2005 12.71
2006 11.79
2007 12.71
2008 13.70
2009 10.25
2010 13.32
2011 14.13
2012 10.37
2013 13.19
2014 12.10
2015 9.77
2016 11.04
2017 10.53
2018 10.25
2019 10.00
2020 11.03

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