Thailand - Agriculture, value added (constant 2010 US$)

The latest value for Agriculture, value added (constant 2010 US$) in Thailand was 37,406,790,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between 39,043,130,000 in 2018 and 9,089,351,000 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 constant 2010 U.S. dollars.

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

See also:

Year Value
1960 9,089,351,000
1961 9,363,470,000
1962 10,029,710,000
1963 10,947,760,000
1964 11,067,950,000
1965 11,465,800,000
1966 13,039,450,000
1967 12,654,120,000
1968 13,874,640,000
1969 14,934,380,000
1970 15,525,820,000
1971 16,189,680,000
1972 15,894,590,000
1973 17,406,560,000
1974 17,922,940,000
1975 18,697,380,000
1976 19,840,590,000
1977 20,283,160,000
1978 22,827,770,000
1979 22,385,190,000
1980 22,790,860,000
1981 24,353,170,000
1982 24,955,900,000
1983 26,146,680,000
1984 27,302,190,000
1985 28,533,010,000
1986 28,641,840,000
1987 28,661,290,000
1988 31,673,700,000
1989 34,714,090,000
1990 33,087,140,000
1991 35,488,660,000
1992 37,187,780,000
1993 22,016,850,000
1994 23,485,870,000
1995 23,786,270,000
1996 25,044,850,000
1997 24,924,370,000
1998 25,095,150,000
1999 26,306,210,000
2000 28,094,830,000
2001 28,960,460,000
2002 28,993,240,000
2003 32,459,460,000
2004 32,098,480,000
2005 32,078,940,000
2006 33,338,100,000
2007 33,974,390,000
2008 34,970,730,000
2009 34,885,290,000
2010 34,725,550,000
2011 36,912,670,000
2012 37,911,210,000
2013 38,177,550,000
2014 38,067,590,000
2015 35,605,930,000
2016 35,193,720,000
2017 36,890,700,000
2018 39,043,130,000
2019 38,793,140,000
2020 37,406,790,000

Development Relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions.

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

Base Period: 2010

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