South Korea: Value added in the agricultural sector as percent of GDP
For that indicator, The World Bank provides data for South Korea from 1960 to 2018. The average value for South Korea during that period was 13.79 percent with a minimum of 1.93 percent in 2016 and a maximum of 46.26 percent in 1964.
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The importance of agriculture in the economy of South Korea 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.