Agriculture, forestry, and fishing, value added (annual % growth)



Countries By Agriculture, forestry, and fishing, value added (annual % growth)



Key points



Official Definition of Agriculture, forestry, and fishing, value added (annual % growth)

Annual growth rate for agricultural, forestry, and fishing value added based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Agriculture corresponds to ISIC divisions 01-03 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.



Importance

The statistic Agriculture, forestry, and fishing, value added (annual % growth) is crucial for a country as it indicates the annual growth rate of these sectors, which are vital for the economy. A high value signifies a robust and expanding agricultural, forestry, and fishing industry, contributing to overall economic growth, employment, and export potential.

Conversely, a low value in this statistic could signal stagnation or decline in these sectors, which may have negative repercussions for the economy. It could lead to food insecurity, rural unemployment, and a decrease in export earnings, ultimately impacting the country's GDP.

Therefore, policymakers closely monitor and analyze this statistic to make informed decisions regarding investments, subsidies, and policies to ensure sustainable growth and development in the agriculture, forestry, and fishing sectors.



Top 10 Countries by Agriculture, forestry, and fishing, value added (annual % growth)

Bottom 10 Countries by Agriculture, forestry, and fishing, value added (annual % growth)



Regions

Europe

The annual growth rates for agriculture, forestry, and fishing value added show a diverse landscape among the listed countries. While countries like Lithuania and Poland exhibit significant growth, others such as Moldova and Ukraine show a stark decline. The advantages for high-growth countries include increased economic output and potential for export expansion, fostering overall development. However, disadvantages may arise from over-reliance on these sectors, leading to vulnerabilities in volatile commodity markets. The statistic's impact on development varies, with robust growth enhancing economic diversification and stability, whereas negative growth can signal challenges in resource management, infrastructure, and competitiveness, necessitating targeted policy interventions for sustainable growth.

Far East: East Asia, SE Asia, Australia

The annual growth rate for agriculture, forestry, and fishing value added varies among the selected countries. Brunei shows significant growth at 14.39%, while Australia has a notable decline at -9.73%. China, Vietnam, and Laos demonstrate positive growth, indicating potential development in their agricultural sectors. Japan, South Korea, and Singapore, however, experience negative growth rates, suggesting challenges in this area. Advantages of high growth include increased food production and export potential, while disadvantages may include environmental strain. For countries with negative growth, challenges may involve agricultural productivity and economic implications such as food security concerns. This statistic plays a crucial role in shaping each country's economic development and highlights areas for improvement.

ASEAN

In analyzing the annual growth rate for agriculture, forestry, and fishing value added in the selected countries, we see Brunei leading with a strong growth rate of 14.39%, followed by Vietnam at 3.04% and Laos at 3.22%. On the other hand, Malaysia, Myanmar, and Singapore show negative growth rates, indicating challenges in these sectors. Brunei stands to benefit from this growth through increased economic diversification and potentially reduced reliance on oil revenues. Vietnam's steady growth reflects a resilient agricultural sector, while countries like Malaysia may need to address underlying issues affecting their agriculture and forestry industries to spur development.

Latin America

Argentina, Cuba, El Salvador, Honduras, and Uruguay are experiencing negative growth in Agriculture, forestry, and fishing value added, indicating economic contraction in these sectors. In contrast, Bolivia, Brazil, Colombia, Dominican Republic, Panama, and Paraguay are showing positive growth, suggesting economic expansion. Each country's performance in this statistic reflects its agricultural sector's health and potential for contributing to overall economic growth. Countries with positive growth may benefit from increased employment, export opportunities, and GDP growth, while those with negative growth may face challenges such as job losses, reduced income, and potential food insecurity, impacting their overall development.

Middle East

The annual % growth in Agriculture, forestry, and fishing value added varies significantly among the listed countries. Georgia stands out with a remarkable growth rate of 8.06%, while Libya shows a drastic decline of -30.11%. Oman also exhibits substantial growth at 14.30%, whereas several countries such as Lebanon, Cyprus, and Israel experience negative growth rates. These statistics reflect each country's agricultural sector's performance, impacting overall economic development. For countries like Georgia and Oman, the growth signifies increasing agricultural productivity and potential economic prosperity. In contrast, countries like Libya and State of Palestine face challenges that could hinder their economic progress, highlighting the need for sectoral reforms and investments.



Rivals

Anglosphere v BRICS

Analysis of the annual growth rate in Agriculture, Forestry, and Fishing value added reveals significant disparities among the selected countries. Countries like South Africa and the United States exhibit exceptionally high growth rates of 17.84% and 12.73% respectively, indicating robust expansion in these sectors. India and Brazil also show positive growth rates of 4.11% and 4.17% respectively. However, Australia and the United Kingdom have negative growth rates, implying a contraction in these sectors. These statistics suggest that countries with higher growth rates have a competitive advantage in agricultural production and are likely to experience economic development. Conversely, countries with negative growth rates may face challenges in their agricultural sectors, potentially impacting their overall economic performance.

Russia v Ukraine

In terms of Agriculture, forestry, and fishing value added growth, the Russian Federation shows a positive growth rate of 0.23%, indicating a steady expansion in its agricultural sector. In contrast, Ukraine demonstrates a significant negative growth rate of -10.70%, signaling a sharp decline in this sector. The Russian Federation benefits from diversified agricultural production and vast arable land, but may face challenges in modernizing its farming techniques. On the other hand, Ukraine's agriculture sector is struggling possibly due to political instability and land ownership issues. This statistic could impact the Russian Federation positively by boosting economic stability and food security, while negatively impacting Ukraine's economy by hindering its growth prospects and potentially leading to food insecurity.

France v United Kingdom

In 2020, France experienced a decline of approximately -6.12% in the annual growth rate of agriculture, forestry, and fishing value added, while the United Kingdom saw a significant decrease of about -9.30% in the same period. Despite both countries facing negative growth, France's performance is relatively better than the United Kingdom's. For France, this decline could impact its agricultural sector competitiveness and potentially lead to decreased economic resilience. On the other hand, the United Kingdom might face challenges in sustaining its agricultural output and overall economic growth. France may benefit from its more diversified agricultural sector, while the United Kingdom could struggle due to uncertainties like Brexit affecting agricultural trade and productivity.

Israel v Iran

Iran's agriculture, forestry, and fishing sector shows a positive annual growth rate of 3.17%, indicating steady development in these areas. In contrast, Israel experiences a decline of -6.75%, suggesting a contraction in these sectors. Iran benefits from diversified agricultural activities, contributing to overall economic stability, but may face challenges in modernizing its farming practices. Israel, known for technological advancements in agriculture, may face issues such as limited natural resources hindering sector growth. The statistic implies potential long-term economic growth for Iran but signals a need for innovation in Israel to sustain its agricultural sector's competitiveness.

Saudi Arabia v Iran

In terms of Agriculture, Forestry, and Fishing value added growth, Iran has seen a positive growth rate of 3.17% annually, indicating a relatively stable and expanding agricultural sector. On the other hand, Saudi Arabia has experienced a decline of -1.66%, suggesting challenges or contractions in these sectors. Iran's growth may benefit from diversified agriculture and potentially more sustainable practices, though reliance on these sectors can pose risks during economic downturns. Conversely, Saudi Arabia's decline highlights potential vulnerabilities in food security and economic diversification efforts. These statistics can influence each country's overall economic development, affecting employment, food production, and trade balances, with Iran positioned for more growth opportunities compared to Saudi Arabia.

India v Pakistan

India shows a stronger growth rate in the Agriculture, Forestry, and Fishing sector with an annual percentage growth of 4.11%, compared to Pakistan's growth rate of 3.91%. This indicates India's relatively higher expansion and productivity in these industries. India's advantage lies in its diversified agricultural practices and large workforce, but it also faces challenges such as land fragmentation and water scarcity. On the other hand, Pakistan benefits from fertile land but struggles with limited access to technology and infrastructure. The growth in this sector is crucial for both countries' development, impacting food security, employment, and overall economic stability.

Turkey v Greece

In 2020, Greece experienced a significant decline in its Agriculture, forestry, and fishing value added by -8.46%. In contrast, Turkey saw growth of 5.81% in the same sector. Despite both countries being in the same region, they have diverging performances in agriculture. Greece's negative growth indicates challenges such as economic instability or environmental issues affecting the sector. On the other hand, Turkey's positive growth reflects a potentially robust agricultural industry. For Greece, this decline may hinder economic development, leading to food security concerns, while Turkey's growth can boost its economy and possibly lead to increased export opportunities, strengthening its agricultural sector.

China v Japan

In analyzing the annual growth rate of agriculture, forestry, and fishing value added, China shows a positive growth of 3.13%, indicating a robust expansion in these sectors. In contrast, Japan experiences a decrease of -3.69%, suggesting a decline in these areas. China's strong performance in agriculture contributes to its economic resilience and food security, but it may face challenges in sustainable practices and environmental impact due to intensive farming. On the other hand, Japan's downturn could signify structural issues in its agricultural sector, yet it might lead to a focus on innovation and technology adoption for efficiency. Overall, this statistic reflects China's agricultural strength and Japan's potential reformation in the sector.



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