Sri Lanka - Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in Sri Lanka was 8.36 as of 2020. Its highest value over the past 60 years was 33.53 in 1974, while its lowest value was 7.43 in 2016.

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 32.10
1961 32.91
1962 31.09
1963 32.35
1964 30.96
1965 28.56
1966 28.68
1967 30.08
1968 31.63
1969 29.32
1970 28.77
1971 27.52
1972 26.74
1973 27.67
1974 33.53
1975 30.65
1976 29.32
1977 30.98
1978 30.79
1979 27.24
1980 27.82
1981 27.96
1982 26.60
1983 28.48
1984 28.86
1985 28.06
1986 27.46
1987 27.30
1988 26.68
1989 25.96
1990 26.69
1991 27.09
1992 26.12
1993 24.88
1994 23.97
1995 23.14
1996 22.54
1997 21.95
1998 21.16
1999 20.73
2000 19.93
2001 20.07
2002 14.28
2003 13.23
2004 12.54
2005 11.82
2006 11.34
2007 11.68
2008 13.38
2009 12.69
2010 8.50
2011 8.83
2012 7.45
2013 7.67
2014 8.01
2015 8.18
2016 7.43
2017 7.83
2018 8.02
2019 7.54
2020 8.36

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