DEFINITION
Agriculture,
value added (% of
GDP).
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.
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DEFINITION: Agriculture,
value added (% of
GDP).
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.