Vietnam - Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in Vietnam was 14.85 as of 2020. Its highest value over the past 35 years was 46.30 in 1988, while its lowest value was 13.96 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
1985 40.17
1986 38.06
1987 40.56
1988 46.30
1989 42.07
1990 38.74
1991 40.49
1992 33.94
1993 29.87
1994 27.43
1995 27.18
1996 27.76
1997 25.77
1998 25.78
1999 25.43
2000 24.53
2001 23.24
2002 23.03
2003 22.54
2004 21.81
2005 19.30
2006 18.73
2007 18.66
2008 20.41
2009 19.17
2010 18.38
2011 19.57
2012 19.22
2013 17.96
2014 17.70
2015 16.99
2016 16.32
2017 15.34
2018 14.68
2019 13.96
2020 14.85

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