Eswatini - Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in Eswatini was 8.39 as of 2020. Its highest value over the past 60 years was 38.80 in 1963, while its lowest value was 7.72 in 1992.

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 31.53
1961 30.26
1962 34.75
1963 38.80
1964 36.84
1965 33.07
1966 35.70
1967 27.53
1968 23.16
1969 29.08
1970 30.09
1971 33.50
1972 35.90
1973 29.87
1974 27.73
1975 24.86
1976 25.74
1977 26.10
1978 31.40
1979 28.54
1980 19.52
1981 19.29
1982 16.41
1983 13.93
1984 17.78
1985 16.95
1986 18.97
1987 14.18
1988 13.81
1989 13.05
1990 8.87
1991 9.83
1992 7.72
1993 8.87
1994 11.42
1995 10.08
1996 11.98
1997 10.87
1998 11.02
1999 11.12
2000 12.32
2001 12.10
2002 12.50
2003 12.39
2004 9.66
2005 10.97
2006 11.18
2007 10.75
2008 10.00
2009 9.25
2010 10.16
2011 9.72
2012 10.20
2013 10.12
2014 9.23
2015 9.35
2016 8.96
2017 8.43
2018 8.52
2019 8.54
2020 8.39

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