Singapore - Agriculture, value added (current US$)

The latest value for Agriculture, value added (current US$) in Singapore was $110,168,900 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $216,074,200 in 1982 and $26,100,880 in 1960.

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
1960 $26,100,880
1961 $26,852,210
1962 $29,661,570
1963 $29,824,910
1964 $29,792,240
1965 $29,922,910
1966 $35,868,290
1967 $37,697,640
1968 $43,479,680
1969 $46,681,040
1970 $49,261,730
1971 $58,506,470
1972 $60,215,690
1973 $84,515,550
1974 $104,989,000
1975 $121,424,800
1976 $129,296,200
1977 $131,819,700
1978 $125,194,700
1979 $144,019,300
1980 $179,573,200
1981 $207,407,100
1982 $216,074,200
1983 $209,579,400
1984 $211,310,900
1985 $176,456,800
1986 $133,266,700
1987 $115,183,200
1988 $105,793,000
1989 $108,427,700
1990 $116,905,100
1991 $113,690,300
1992 $102,885,200
1993 $104,715,900
1994 $127,602,500
1995 $127,204,700
1996 $144,468,100
1997 $133,081,900
1998 $95,482,790
1999 $95,988,200
2000 $88,515,080
2001 $73,952,110
2002 $65,732,160
2003 $59,694,640
2004 $64,016,090
2005 $70,355,680
2006 $72,628,860
2007 $77,566,180
2008 $80,217,680
2009 $78,996,220
2010 $86,762,010
2011 $96,835,740
2012 $98,343,600
2013 $105,889,900
2014 $108,910,100
2015 $100,451,000
2016 $100,760,000
2017 $105,655,700
2018 $113,582,400
2019 $121,243,200
2020 $110,168,900

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