
Vietnam: GDP share of agriculture
* indicates monthly or quarterly data series
Vietnam |
Value added in the agricultural sector as percent of GDP |
---|---|
Latest value | 12.56 |
Reference | 2021 |
Measure | percent |
Source | The World Bank |
For that indicator, we provide data for Vietnam from 1986 to 2021. The average value for Vietnam during that period was 23.59 percent with a minimum of 11.78 percent in 2019 and a maximum of 46.3 percent in 1988.
The latest value from 2021 is 12.56 percent. For comparison, the world average in 2021 based on 166
countries is 10.35 percent.
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* indicates monthly or quarterly data series
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The importance of agriculture in the economy of Vietnam 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.