Heavily indebted poor countries (HIPC) - Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in Heavily indebted poor countries (HIPC) was 23.56 as of 2020. Its highest value over the past 39 years was 36.52 in 1991, while its lowest value was 21.79 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
1981 31.58
1982 30.72
1983 31.25
1984 31.16
1985 32.95
1986 33.80
1987 34.75
1988 36.07
1989 36.33
1990 35.06
1991 36.52
1992 35.53
1993 32.62
1994 31.51
1995 31.67
1996 29.39
1997 30.20
1998 28.64
1999 27.21
2000 25.91
2001 25.45
2002 25.48
2003 25.45
2004 24.15
2005 25.27
2006 24.38
2007 24.84
2008 25.57
2009 25.93
2010 24.90
2011 23.50
2012 24.11
2013 22.80
2014 22.73
2015 22.94
2016 22.62
2017 22.46
2018 21.79
2019 22.11
2020 23.56

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