Venezuela: GDP share of agriculture

The latest value from 2011 is 0 percent, unchanged from 0 percent in 2010. In comparison, the world average is 10.70 percent, based on data from 186 countries. Historically, the average for Venezuela from 1968 to 2011 is 3.03 percent. The minimum value, 0 percent, was reached in 1991 while the maximum of 7.09 percent was recorded in 1969. See the global rankings for that indicator or use the country comparator to compare trends over time.

The importance of agriculture in the economy of Venezuela 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, 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.