Value added in the agricultural sector as percent of GDP
The World Bank
For that indicator, we provide data for Mongolia from 1981 to 2021. The average value for Mongolia during that period was 18.83 percent with a minimum of 10.31 percent in 2011 and a maximum of 38.48 percent in 1996.
The latest value from 2021 is 13.16 percent. For comparison, the world average in 2021 based on 166
countries is 10.35 percent.
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use the country comparator to compare trends over time.
The importance of agriculture in the economy of Mongolia and other countries is measured as the value added of the agricultural sector as percent of GDP. Agriculture includes forestry, hunting, and fishing, as well as the cultivation of crops and livestock production.
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. Note: For VAB countries, gross value added at factor cost is used as the denominator.