The Kuwait Agriculture, forestry, and fishing, value added (% of GDP) Forecast features the current 2024 estimates and 2025 projections for the country. The publisher projections are based on a global economic outlook model that includes data on all world countries (GDP, inflation).
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. Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production.
Economic Indicators Forecasts are based primarily on World Bank historical data and global GDP and employment forecasts from sources such as Goldman Sachs, Conference Board, The Economist, and the International Monetary Fund. Country forecasts are based on 1) World Bank country GDP and employment forecasts, and 2) a consensus forecast on total global GDP from multiple economist sources.
Data from 2017-2022 is historical data, 2023-2025 are forecasts. Economic Indicators forecasts are based on the most current GDP and employment outlooks. These estimates are current (nominal) figures, not constant (real) figures. They do not account for unpredictable future declines (recessions, natural disasters, wars, etc.).
Economic Indicators Forecasts are based primarily on World Bank historical data and global GDP and employment forecasts from sources such as Goldman Sachs, Conference Board, The Economist, and the International Monetary Fund. Country forecasts are based on 1) World Bank country GDP and employment forecasts, and 2) a consensus forecast on total global GDP from multiple economist sources.
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. Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production.
Economic Indicators Forecasts are based primarily on World Bank historical data and global GDP and employment forecasts from sources such as Goldman Sachs, Conference Board, The Economist, and the International Monetary Fund. Country forecasts are based on 1) World Bank country GDP and employment forecasts, and 2) a consensus forecast on total global GDP from multiple economist sources.
Data from 2017-2022 is historical data, 2023-2025 are forecasts. Economic Indicators forecasts are based on the most current GDP and employment outlooks. These estimates are current (nominal) figures, not constant (real) figures. They do not account for unpredictable future declines (recessions, natural disasters, wars, etc.).
Economic Indicators Forecasts are based primarily on World Bank historical data and global GDP and employment forecasts from sources such as Goldman Sachs, Conference Board, The Economist, and the International Monetary Fund. Country forecasts are based on 1) World Bank country GDP and employment forecasts, and 2) a consensus forecast on total global GDP from multiple economist sources.
Methodology
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