Agriculture, forestry, and fishing, value added (% of GDP)
Countries By Agriculture, forestry, and fishing, value added (% of GDP)
Key points
- The statistic "Agriculture, forestry, and fishing, value added (% of GDP)" measures the contribution of agriculture, forestry, and fishing activities to a country's gross domestic product.
- Sierra Leone has the highest value in this statistic, with agriculture, forestry, and fishing contributing to 59.49% of its GDP.
- In contrast, San Marino has the lowest value, with these sectors contributing only 0.01% to its GDP.
- The average value added by agriculture, forestry, and fishing across all the listed countries is approximately 10.86% of GDP.
- This statistic reflects the varying degrees of reliance on agriculture, forestry, and fishing activities among different countries, highlighting the diverse economic structures globally.
Official Definition of Agriculture, forestry, and fishing, value added (% of GDP)
Agriculture, forestry, and fishing corresponds to ISIC divisions 1-3 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 4. Note: For VAB countries, gross value added at factor cost is used as the denominator.
Importance
The Agriculture, forestry, and fishing, value added (% of GDP) statistic is crucial for a country as it provides insight into the contribution of these sectors to the country's overall economic output. A high value of this statistic indicates that agriculture, forestry, and fishing are significant contributors to the country's GDP, which can be beneficial in several ways:
- **Economic Stability:** A strong presence of these sectors can help diversify the economy, reducing reliance on other industries and providing stability, especially in rural areas.
- **Employment:** These sectors are typically labor-intensive, so a high value added % implies a significant source of employment, reducing unemployment rates and supporting livelihoods.
- **Food Security:** A thriving agricultural sector can enhance food security by ensuring sufficient domestic food production to meet the needs of the population.
- **Export Potential:** Countries with a high value added % in these sectors may have export potential for agricultural products, contributing to foreign exchange earnings.
Conversely, a low value added % in agriculture, forestry, and fishing can have negative implications:
- **Vulnerability:** A low value added % suggests a limited contribution from these sectors, making the country vulnerable to fluctuations in global commodity prices and affecting overall economic resilience.
- **Rural Poverty:** Decreased economic activity in these sectors can lead to rural poverty and migration to urban areas in search of alternative opportunities.
- **Food Insecurity:** Insufficient domestic production may lead to dependence on imports, impacting food security during times of crisis or trade disruptions.
- **Less Sustainability:** A weak agricultural sector may indicate limited focus on sustainable farming practices and environmental conservation.
Top 10 Countries by Agriculture, forestry, and fishing, value added (% of GDP)
Bottom 10 Countries by Agriculture, forestry, and fishing, value added (% of GDP)
Regions
Europe
Far East: East Asia, SE Asia, Australia
The Agriculture, forestry, and fishing value added as a percentage of GDP varies among the listed countries with Cambodia having the highest value at 22.70% and Singapore the lowest at 0.03%. This statistic reflects the diverse economic structures of these countries. Countries like Cambodia, Myanmar, and Laos, with higher percentages, rely heavily on agriculture as a significant sector of their economies, providing employment but also exposing them to fluctuations in agricultural prices. Conversely, countries like Singapore and Brunei have more diversified economies but may face challenges in ensuring food security. Overall, the statistic highlights the importance of the agricultural sector in driving economic growth and development strategies for these nations.
ASEAN
Analysis of Agriculture, forestry, and fishing, value added (% of GDP) in selected countries:
- Brunei: The statistic is relatively low at 1.22%, indicating a limited contribution of agriculture, forestry, and fishing to its GDP, possibly due to a focus on other sectors for economic growth.
- Cambodia: With a substantial 22.70%, agriculture plays a significant role in Cambodia's economy, providing employment and supporting livelihoods, but it may also indicate a vulnerability to climate risks.
- Indonesia: At 13.70%, Indonesia shows a moderate reliance on agriculture, indicating a diversified economy but possibly facing challenges in modernizing the sector.
- Laos: Similar to Cambodia, Laos has a high percentage at 16.34%, highlighting the importance of agriculture in its economy, contributing to rural development but potentially facing constraints in terms of infrastructure and technology.
- Malaysia: With 8.17%, Malaysia has a balanced economy, benefiting from the sector's contribution while focusing on further industrial and service sector development, showcasing economic resilience.
- Myanmar: The statistic at 22.42% indicates a significant reliance on agriculture, offering opportunities for growth and poverty reduction, but requiring investment in infrastructure and technology to enhance productivity.
- Philippines: At 10.19%, the Philippines exhibits a moderate reliance on agriculture, signaling potential for sectoral improvements while diversifying into other industries for sustainable economic growth.
- Singapore: Singapore's minimal 0.03% reflects its highly industrialized economy, leveraging technology and innovation, with agriculture playing a negligible role in its GDP.
- Thailand: The 8.70% suggests a balanced approach between agriculture and other sectors in Thailand, offering stability and resilience, yet needing continued reforms for sectoral competitiveness.
- Vietnam: With 12.66%, Vietnam's economy benefits significantly from agriculture, supporting rural livelihoods, but facing challenges in productivity and technological advancements for sustainable growth.
Latin America
Argentina has a relatively low Agriculture, forestry, and fishing value added (% of GDP) of 6.36%, indicating a less significant contribution of these sectors to its GDP. In contrast, Nicaragua stands out with a high percentage of 15.74%, showcasing a heavy reliance on agriculture, forestry, and fishing activities. Bolivia and Honduras also demonstrate substantial contributions at 14.00% and 12.12% respectively. For Argentina, a low dependence on these sectors may suggest economic diversification but could also mean a vulnerability to external market fluctuations. In contrast, Nicaragua's high percentage signifies a key driver of its economy, providing employment but potentially posing challenges in terms of modernization and sustainability.
Middle East
The data on Agriculture, forestry, and fishing, value added (% of GDP) for the selected countries ranges from 0.31% in Bahrain to 36.64% in Syria. This statistic reflects the contribution of the agricultural, forestry, and fishing sectors to the countries' GDP. Countries like Syria, Algeria, and Iran have higher values, indicating a significant reliance on these sectors for economic output. This high dependency could provide stability but may also pose risks during times of environmental or market fluctuation. In contrast, countries with lower values like Bahrain and Kuwait show a lesser reliance, potentially indicating more diversified economies. This diversity could offer resilience but might also mean challenges in ensuring food security and rural development.
Rivals
Anglosphere v BRICS
India stands out among the listed countries with the highest value added from agriculture, forestry, and fishing at 18.64% of GDP, indicating a significant contribution of these sectors to its economy. Brazil and China follow with 5.71% and 7.70% respectively, showcasing their reliance on these sectors. On the other hand, the United Kingdom and the United States have the lowest percentages at 0.66% and 0.95%, suggesting a lesser emphasis on traditional agricultural activities. India's high value indicates a strong agricultural base but may also highlight challenges in diversifying its economy. In contrast, the UK and the US may benefit from a more diversified economy but could face food security risks or rural livelihood challenges.
Russia v Ukraine
In terms of Agriculture, forestry, and fishing value added (% of GDP), Russia has a value of 4.01% while Ukraine has a higher value of 9.31%. This indicates that Ukraine has a larger contribution from the agricultural sector to its GDP compared to Russia. Ukraine benefits from a more diversified agricultural sector, providing employment opportunities and contributing significantly to its economy. However, this heavy reliance on agriculture could also make Ukraine vulnerable to changing market conditions. On the other hand, Russia's lower percentage suggests a less pronounced reliance on agriculture, which could indicate a more diversified economy. This statistic reflects the importance of the agricultural sector in both countries' economies, influencing their development strategies and susceptibility to agricultural market fluctuations.
France v United Kingdom
France has a higher percentage of Agriculture, forestry, and fishing value added (% of GDP) compared to the United Kingdom, with 1.58% and 0.66% respectively. This indicates that agriculture, forestry, and fishing sectors play a more significant role in France's economy than in the UK. For France, this reliance on the primary sector provides stability but can also lead to vulnerability in times of agricultural market fluctuations. On the other hand, the UK's lower dependence on these sectors allows for more diversification but could also mean less resilience to food supply disruptions. Overall, this statistic suggests that both countries need to carefully balance the importance of these sectors for sustainable economic development.
Israel v Iran
In terms of Agriculture, forestry, and fishing, value added (% of GDP), Iran shows a higher percentage at 12.21% compared to Israel's 1.32%. This indicates that Iran relies more heavily on these sectors in its economy compared to Israel. For Iran, the advantage lies in a diverse agricultural sector contributing significantly to its GDP, but a disadvantage could be over-dependence leading to vulnerability in volatile markets. On the other hand, Israel's lower percentage suggests a more diversified economy with less reliance on traditional agriculture, offering stability but potentially hindering rural development. This statistic signifies Iran's need for diversification for economic resilience and Israel's strength in innovation and technology.
Saudi Arabia v Iran
Iran has a relatively high Agriculture, forestry, and fishing value added (% of GDP) at 12.21%, indicating a significant contribution of these sectors to the Iranian economy. In contrast, Saudi Arabia's value added in these sectors is much lower at 2.96%, reflecting a lesser dependence on agriculture, forestry, and fishing activities. Iran's strong focus on these sectors provides advantages such as food security and employment opportunities, but it also poses risks related to resource depletion. On the other hand, Saudi Arabia's diversification away from these sectors reduces vulnerability to fluctuations in agricultural output but may lead to potential food security challenges. This statistic plays a crucial role in shaping the development strategies of both countries, influencing policy decisions regarding economic diversification, resource management, and sustainable growth.
India v Pakistan
India has a Agriculture, forestry, and fishing value added (% of GDP) of 18.64%, while Pakistan has a higher percentage at 21.85%. India's economy heavily relies on agriculture, making this statistic crucial for its development. The advantage for India lies in its large agricultural sector providing employment to a significant portion of the population. However, this also poses a disadvantage as it can lead to lower productivity and efficiency compared to more diversified economies. For Pakistan, a higher percentage indicates a relatively larger contribution of agriculture to its GDP. This can be advantageous in terms of food security but may also indicate vulnerability to factors affecting the agricultural sector. Overall, both countries need to carefully manage and diversify their economies to ensure sustainable growth and reduce dependency on agriculture.
Turkey v Greece
In terms of Agriculture, forestry, and fishing value added as a percentage of GDP, Greece stands at 4.10% while Turkey is higher at 6.67%. Turkey's higher percentage indicates a relatively larger contribution of the agriculture, forestry, and fishing sectors to its GDP compared to Greece. For Turkey, this signifies a potentially stronger emphasis on these sectors which can provide employment opportunities and food security but may also indicate a heavier reliance on traditional sectors. In contrast, Greece's lower percentage may suggest a more diversified economy, reducing vulnerability to fluctuations in agricultural output but possibly leading to less focus and investment in these sectors.
China v Japan
In terms of Agriculture, forestry, and fishing value added (% of GDP), China stands at 7.70% whereas Japan is at 1.07%. China's higher percentage indicates a larger contribution of these sectors to its GDP compared to Japan, showcasing its significant agricultural output. This high reliance on agriculture can provide stability but also vulnerability to market fluctuations for China. Conversely, Japan's lower percentage suggests a more diversified economy with lesser dependence on these sectors, which can offer resilience but may result in higher food import bills. For China, this statistic signifies the importance of agricultural reforms for sustainable development, while for Japan, it reflects the need to maintain efficiency in the agricultural sector to meet domestic demands.
FAQs
- Which country has the most Agriculture, forestry, and fishing value added (% of GDP)
statistic?
Sierra Leone has the highest value added in Agriculture, forestry, and fishing, accounting for 59.49% of its GDP. - Which country has the least Agriculture, forestry, and fishing value added (% of GDP)
statistic?
San Marino has the lowest value added in Agriculture, forestry, and fishing with only 0.01% of its GDP attributed to this sector. - What is the average Agriculture, forestry, and fishing value added (% of GDP) statistic among the
listed countries?
The average Agriculture, forestry, and fishing value added across all countries is approximately 10.86% of GDP.