Lesotho - Agriculture, value added (current US$)

The latest value for Agriculture, value added (current US$) in Lesotho was $117,456,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $121,291,200 in 2012 and $21,372,200 in 1971.

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 current U.S. dollars.

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

See also:

Year Value
1960 $30,493,630
1961 $31,920,340
1962 $36,913,480
1963 $39,409,910
1964 $42,441,550
1965 $43,511,410
1966 $31,385,270
1967 $27,283,770
1968 $28,532,130
1969 $27,818,840
1970 $29,780,340
1971 $21,372,200
1972 $34,798,230
1973 $60,018,160
1974 $59,424,280
1975 $54,602,840
1976 $45,408,460
1977 $72,653,520
1978 $80,856,370
1979 $99,391,210
1980 $96,825,630
1981 $105,715,100
1982 $58,116,410
1983 $62,872,000
1984 $50,686,230
1985 $43,060,300
1986 $50,497,070
1987 $57,410,510
1988 $65,862,200
1989 $62,543,030
1990 $72,533,910
1991 $51,592,110
1992 $75,433,660
1993 $69,606,850
1994 $72,564,860
1995 $87,972,260
1996 $72,750,100
1997 $69,891,620
1998 $77,275,510
1999 $80,183,580
2000 $69,449,800
2001 $68,524,350
2002 $49,613,600
2003 $73,486,340
2004 $90,432,500
2005 $95,408,310
2006 $87,174,880
2007 $90,702,420
2008 $97,387,940
2009 $107,096,500
2010 $108,657,700
2011 $117,207,100
2012 $121,291,200
2013 $119,879,200
2014 $96,683,140
2015 $89,241,290
2016 $120,771,800
2017 $114,530,700
2018 $108,650,400
2019 $111,950,300
2020 $117,456,000

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