Venezuela: Value added in the agricultural sector as percent of GDP
For that indicator, we provide data for Venezuela from 1968 to 2014. The average value for Venezuela during that period was 5.17 percent with a minimum of 3.66 percent in 2006 and a maximum of 7.09 percent in 1969.
The latest value from 2014 is 5.03 percent. For comparison, the world average in 2014 based on 182
countries is 11.06 percent.
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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 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.