South Asia - Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in South Asia was 18.02 as of 2020. Its highest value over the past 60 years was 43.26 in 1960, while its lowest value was 16.24 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
1960 43.26
1961 42.60
1962 40.71
1963 41.35
1964 42.46
1965 40.17
1966 40.81
1967 43.06
1968 42.36
1969 42.09
1970 40.66
1971 38.62
1972 39.08
1973 41.82
1974 39.86
1975 39.06
1976 34.73
1977 35.42
1978 34.55
1979 32.86
1980 32.64
1981 31.60
1982 30.73
1983 31.23
1984 30.26
1985 28.99
1986 27.91
1987 27.32
1988 28.04
1989 27.20
1990 27.14
1991 27.47
1992 26.83
1993 26.48
1994 26.17
1995 24.78
1996 25.12
1997 24.45
1998 24.46
1999 23.38
2000 22.44
2001 22.15
2002 20.16
2003 20.04
2004 18.61
2005 18.35
2006 17.48
2007 17.38
2008 17.53
2009 17.45
2010 17.51
2011 17.84
2012 17.37
2013 17.54
2014 17.20
2015 16.71
2016 16.71
2017 16.78
2018 16.24
2019 16.61
2020 18.02

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