Palestine: Value added in the agricultural sector as percent of GDP
For that indicator, The World Bank provides data for Palestine from 1994 to 2016. The average value for Palestine during that period was 7.49 percent with a minimum of 3.16 percent in 2016 and a maximum of 13.26 percent in 1994.
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The importance of agriculture in the economy of Palestine 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 or 4.