Philippines - Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in Philippines was 10.18 as of 2020. Its highest value over the past 60 years was 27.63 in 1974, while its lowest value was 8.82 in 2019.

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
1960 23.71
1961 23.65
1962 23.81
1963 24.40
1964 23.76
1965 24.27
1966 24.25
1967 24.43
1968 26.13
1969 26.79
1970 26.36
1971 27.05
1972 26.22
1973 27.20
1974 27.63
1975 26.94
1976 25.92
1977 25.38
1978 24.91
1979 24.18
1980 22.03
1981 21.81
1982 20.42
1983 19.52
1984 21.69
1985 21.59
1986 21.03
1987 21.08
1988 20.11
1989 19.87
1990 19.16
1991 18.34
1992 19.11
1993 18.91
1994 19.26
1995 18.93
1996 18.01
1997 16.45
1998 14.75
1999 15.19
2000 13.94
2001 13.30
2002 13.45
2003 13.15
2004 13.98
2005 13.52
2006 13.36
2007 13.61
2008 14.52
2009 14.54
2010 13.75
2011 14.10
2012 13.10
2013 12.47
2014 12.27
2015 11.00
2016 10.21
2017 10.18
2018 9.65
2019 8.82
2020 10.18

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