Sierra Leone - Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in Sierra Leone was 59.49 as of 2020. Its highest value over the past 56 years was 60.61 in 2017, while its lowest value was 25.99 in 1970.

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
1964 34.84
1965 31.05
1966 30.97
1967 34.22
1968 32.43
1969 26.76
1970 25.99
1971 28.47
1972 29.68
1973 29.46
1974 32.23
1975 35.67
1976 38.62
1977 36.38
1978 31.97
1979 30.02
1980 30.38
1981 29.33
1982 33.59
1983 36.57
1984 38.58
1985 42.79
1986 34.73
1987 42.46
1988 43.31
1989 42.51
1990 44.03
1991 36.75
1992 35.89
1993 40.30
1994 37.40
1995 39.95
1996 45.21
1997 57.40
1998 59.40
1999 59.87
2000 55.01
2001 45.14
2002 46.21
2003 46.36
2004 48.49
2005 49.39
2006 50.29
2007 52.18
2008 53.65
2009 55.26
2010 52.94
2011 54.59
2012 50.59
2013 47.98
2014 51.79
2015 58.65
2016 58.21
2017 60.61
2018 58.93
2019 58.15
2020 59.49

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