Vanuatu - Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in Vanuatu was 21.22 as of 2018. Its highest value over the past 39 years was 26.10 in 1985, while its lowest value was 15.20 in 1992.

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
1979 21.95
1980 17.69
1981 18.53
1982 17.12
1983 23.55
1984 25.10
1985 26.10
1986 22.47
1987 19.11
1988 18.78
1989 19.03
1990 19.58
1991 15.53
1992 15.20
1993 16.96
1994 15.28
1995 15.43
1996 16.51
1997 15.71
1998 26.10
1999 24.85
2000 22.96
2001 23.53
2002 24.27
2003 22.83
2004 23.60
2005 22.27
2006 20.98
2007 20.96
2008 20.01
2009 19.39
2010 19.54
2011 20.86
2012 21.62
2013 21.52
2014 23.40
2015 22.42
2016 21.68
2017 21.37
2018 21.22

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