Ecuador - Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in Ecuador was 9.80 as of 2020. Its highest value over the past 60 years was 35.25 in 1962, while its lowest value was 8.64 in 2012.

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
1960 33.65
1961 34.04
1962 35.25
1963 34.20
1964 31.84
1965 31.31
1966 28.03
1967 28.41
1968 29.28
1969 26.25
1970 26.03
1971 25.26
1972 25.84
1973 25.38
1974 24.09
1975 22.36
1976 20.12
1977 18.70
1978 18.20
1979 16.02
1980 16.11
1981 15.77
1982 15.93
1983 16.90
1984 18.61
1985 18.88
1986 20.81
1987 21.35
1988 22.01
1989 22.40
1990 20.52
1991 20.86
1992 18.92
1993 23.40
1994 22.15
1995 21.91
1996 20.75
1997 20.11
1998 17.48
1999 17.57
2000 15.40
2001 12.66
2002 11.23
2003 10.84
2004 9.69
2005 9.48
2006 9.41
2007 9.36
2008 8.97
2009 9.91
2010 9.73
2011 9.60
2012 8.64
2013 8.77
2014 9.13
2015 9.45
2016 9.52
2017 9.33
2018 8.95
2019 8.80
2020 9.80

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