Singapore

Value Added In The Agricultural Sector

0.03
percent of GDP
Dec 60Dec 64Dec 68Dec 72Dec 76Dec 80Dec 84Dec 88Dec 92Dec 96Dec 00Dec 04Dec 08Dec 12Dec 16Dec 200.00010.0020.0030.0040.00
  • Singapore
  • Global Median
Source: IMF

Definition of Value Added In The Agricultural Sector

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. Note: For VAB countries, gross value added at factor cost is used as the denominator.

Maxinomics LogoThe World's Economic Atlas

TYPE TO BEGIN SEARCHING