St. Lucia - Agriculture, value added (current US$)

The latest value for Agriculture, value added (current US$) in St. Lucia was $34,497,110 as of 2016. Over the past 39 years, the value for this indicator has fluctuated between $53,689,480 in 1992 and $9,731,000 in 1977.

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. Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1977 $9,731,000
1978 $11,952,330
1979 $13,388,370
1980 $12,777,930
1981 $13,913,370
1982 $16,125,040
1983 $18,665,590
1984 $21,199,260
1985 $25,954,300
1986 $38,859,590
1987 $30,027,000
1988 $42,855,440
1989 $39,101,850
1990 $48,750,850
1991 $45,206,150
1992 $53,689,480
1993 $43,784,040
1994 $38,363,330
1995 $41,831,330
1996 $39,287,330
1997 $31,843,410
1998 $42,226,700
1999 $39,485,520
2000 $39,777,410
2001 $30,944,190
2002 $35,497,560
2003 $32,280,260
2004 $33,930,370
2005 $27,986,070
2006 $32,413,850
2007 $32,178,780
2008 $43,738,300
2009 $41,798,700
2010 $30,649,070
2011 $27,242,440
2012 $31,129,590
2013 $35,108,180
2014 $31,629,960
2015 $33,906,780
2016 $34,497,110

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