Sierra Leone - Agriculture, value added (current US$)

The latest value for Agriculture, value added (current US$) in Sierra Leone was $2,417,145,000 as of 2020. Over the past 56 years, the value for this indicator has fluctuated between $2,597,477,000 in 2014 and $106,980,000 in 1968.

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
1964 $129,540,900
1965 $111,580,000
1966 $116,270,000
1967 $119,371,900
1968 $106,980,000
1969 $109,380,000
1970 $112,920,000
1971 $119,449,700
1972 $138,115,000
1973 $169,475,500
1974 $209,010,100
1975 $242,306,000
1976 $229,727,500
1977 $251,679,000
1978 $307,151,600
1979 $333,027,400
1980 $334,349,400
1981 $326,977,800
1982 $435,151,200
1983 $363,862,000
1984 $419,530,300
1985 $366,685,600
1986 $170,240,300
1987 $297,799,400
1988 $456,993,600
1989 $396,594,500
1990 $286,029,700
1991 $286,604,600
1992 $244,032,800
1993 $309,850,200
1994 $341,012,400
1995 $347,907,800
1996 $425,763,000
1997 $487,987,800
1998 $399,405,200
1999 $400,737,200
2000 $349,820,800
2001 $492,197,400
2002 $579,221,900
2003 $642,414,100
2004 $702,338,300
2005 $815,203,100
2006 $948,100,000
2007 $1,126,218,000
2008 $1,344,266,000
2009 $1,356,047,000
2010 $1,364,876,000
2011 $1,606,438,000
2012 $1,923,443,000
2013 $2,360,943,000
2014 $2,597,477,000
2015 $2,474,361,000
2016 $2,139,052,000
2017 $2,254,350,000
2018 $2,407,538,000
2019 $2,370,713,000
2020 $2,417,145,000

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