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The gross domestic product (GDP) shares of the agriculture sector and the hydrocarbon and mining sector in the countries of South America between 1960 and 2014

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  • Paiva, Pedro Henrique de Abreu
  • Bacha, Carlos José Caetano

Abstract

This article analyses the GDP shares of the agriculture sector and the hydrocarbon and mining sector in the South American countries between 1960 and 2014. Although the share of the agriculture sector has been trending downward in South America, common features can be observed in three subgroups of countries. The first comprises the founding members of MERCOSUR, where agricultural and agro-industrial trade was in surplus and the share of the agriculture sector rose back up between 2002 and 2007. The second subgroup are the Andean countries, where the agriculture sector share of GDP declined from 1960 onward while that of hydrocarbon and mining production increased, especially during the 2000s. The third subgroup consists of Guyana and Suriname, where the historical series of the agriculture sector share of GDP takes the form of an inverted U.

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  • Paiva, Pedro Henrique de Abreu & Bacha, Carlos José Caetano, 2019. "The gross domestic product (GDP) shares of the agriculture sector and the hydrocarbon and mining sector in the countries of South America between 1960 and 2014," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    • Handle: RePEc:ecr:col070:45408
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    1. Lence, Sergio H., 2010. "The Agricultural Sector in Argentina: Major Trends and Recent Developments," Staff General Research Papers Archive 31527, Iowa State University, Department of Economics.
    2. Foster, William E. & Jara, Esteban, 2005. "Diversificación de exportaciones agrícolas en América Latina y el Caribe: patrones y determinantes," Economi­a Agraria (Revista Economia Agraria), Agrarian Economist Association (AEA), Chile, vol. 9, pages 1-26.
    3. -, 2019. "CEPAL Review no. 129," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    4. Judith Gold & Mr. Ruben V Atoyan & Miss Cornelia Staritz, 2007. "Guyana: Why Has Growth Stopped? An Empirical Study on the Stagnation of Economic Growth," IMF Working Papers 2007/086, International Monetary Fund.
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