Agriculture, value added (% of GDP)
Published by: Open Development Mekong
Data Resources (3)
Additional Info
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| Dataset reference date | January 25, 2018 |
| Temporal extent's start date | November 24, 1960 |
| Temporal extent's end date | November 24, 2016 |
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| Logical Consistency | 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 cals 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. |
| Completeness | 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. |
| Process Step | Data is provided as is from the source. |
| Lineage | World Bank national accounts data, and OECD National Accounts data files. |
| Responsible party | THE WORLD BANK 1818 H Street, NW Washington, DC 20433 USA Tel : (202) 473-1000 |
| License | CC-BY-4.0 |
| Copyright | No |
| Version | 1 |
| Keywords | economic policy,debt |
| Date uploaded | January 31, 2018, 04:17 (UTC) |
| Date modified | January 31, 2018, 04:40 (UTC) |