Honduras - Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in Honduras was 12.12 as of 2020. Its highest value over the past 60 years was 39.39 in 1978, while its lowest value was 10.75 in 2019.

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 33.81
1961 35.26
1962 35.40
1963 34.41
1964 34.49
1965 36.44
1966 36.17
1967 35.37
1968 34.63
1969 32.72
1970 29.32
1971 28.25
1972 28.02
1973 28.00
1974 26.58
1975 24.64
1976 25.52
1977 26.89
1978 39.39
1979 36.25
1980 34.96
1981 32.94
1982 29.78
1983 28.30
1984 25.72
1985 24.84
1986 24.69
1987 23.61
1988 25.21
1989 24.57
1990 24.19
1991 23.96
1992 22.68
1993 21.29
1994 21.12
1995 20.54
1996 20.25
1997 18.92
1998 18.31
1999 13.62
2000 14.37
2001 13.17
2002 12.18
2003 11.61
2004 12.17
2005 12.47
2006 11.86
2007 11.91
2008 12.15
2009 10.83
2010 11.59
2011 14.22
2012 13.57
2013 12.19
2014 12.54
2015 12.22
2016 12.05
2017 12.67
2018 11.61
2019 10.75
2020 12.12

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