Agriculture, forestry, and fishing, value added (constant 2015 US$)



Countries By Agriculture, forestry, and fishing, value added (constant 2015 US$)



Key points



Official Definition of Agriculture, forestry, and fishing, value added (constant 2015 US$)

Agriculture, forestry, and fishing 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. Data are in constant 2015 prices, expressed in U.S. dollars.



Importance

The statistic "Agriculture, Forestry, and Fishing, value added (constant 2015 US$)" is crucial for a country as it reflects the economic contribution of these sectors towards the country's GDP. A low value in this statistic may indicate a stagnation or decline in agricultural productivity and overall economic performance. It can signify challenges such as limited technological advancements, insufficient investment, or unfavorable policy frameworks in the agricultural sector.

On the other hand, a high value in this statistic signifies a strong and thriving agricultural sector. It indicates robust productivity, economic growth, employment opportunities, and food security within the country. A high value in this statistic can also have positive spillover effects on other sectors of the economy, promoting overall development and reducing dependency on imports for food products.



Top 10 Countries by Agriculture, forestry, and fishing, value added (constant 2015 US$)

Bottom 10 Countries by Agriculture, forestry, and fishing, value added (constant 2015 US$)



Regions

Europe

The Agriculture, forestry, and fishing value added data for the listed countries vary significantly, with Russia leading by a large margin at $57 billion, followed by Italy and France. This statistic reflects each country's contribution to the agricultural sector in terms of output value. Higher values indicate a more robust agricultural industry and potentially stronger economic stability. However, reliance on agriculture can also pose risks in the face of market fluctuations. For countries like Ukraine and Moldova, high values offer economic opportunities but also underscore vulnerability to external shocks. Overall, the statistic highlights the diverse economic landscapes across these nations, showcasing both strengths and vulnerabilities in their development trajectories.

Far East: East Asia, SE Asia, Australia

When examining the Agriculture, forestry, and fishing value added in constant 2015 US dollars for the listed countries, we see a wide range of values reflecting the diversity of agricultural sectors across the region. China stands out with a significantly high value, indicative of its large agricultural output. Indonesia and Vietnam follow closely, showcasing their substantial contributions to the sector. Japan and Australia represent more developed agricultural industries, benefiting from advanced technology but facing challenges such as aging demographics. Smaller economies like Brunei and Laos have less diversified agricultural sectors but may benefit from niche markets. Overall, this statistic underscores the importance of the agricultural sector in driving economic growth and development in these countries, with varying implications for each based on their unique advantages and disadvantages.

ASEAN

Looking at the Agriculture, Forestry, and Fishing value added statistics for the selected countries, we see a wide range of values. Indonesia stands out with a significantly higher value compared to other nations such as Brunei or Singapore. This indicates Indonesia's strong agricultural sector and potentially its reliance on agriculture for economic growth. Countries like Laos and Cambodia show moderate values, suggesting a significant but not dominant contribution from this sector. While high values may indicate a robust agricultural economy, there could be challenges like environmental degradation. For countries with lower values, there may be opportunities for sectoral growth but also vulnerabilities to external market fluctuations.

Latin America

Analysis of Agriculture, forestry, and fishing value added (constant 2015 US$) for selected countries shows a varied landscape. Brazil leads with a substantial value of $89.25 billion, followed by Mexico at $41.34 billion and Peru at $15.74 billion. These countries showcase significant agricultural output, thereby positively impacting their overall economic development. However, disadvantages such as potential environmental degradation due to intensive farming practices may arise. Meanwhile, smaller economies like Costa Rica and Panama exhibit lower values, indicating a less dominant agricultural sector, which can be advantageous for diversification but may also signal challenges in achieving economies of scale in agriculture.

Middle East

The Agriculture, forestry, and fishing value added (constant 2015 US$) statistic reflects the economic contribution of these sectors for each country listed. Turkey stands out with the highest value added, indicating a strong agricultural sector driving economic growth. Egypt follows closely, showcasing a significant reliance on these industries. Advantages include diversified economies and food security. Disadvantages may include vulnerability to environmental factors. This statistic indicates the level of economic development and self-sustainability of the listed countries, impacting employment, trade balances, and overall GDP growth strategies.



Rivals

Anglosphere v BRICS

The Agriculture, forestry, and fishing value added statistic in constant 2015 US$ shows varying levels of contribution among the selected countries. China leads significantly with $1.1 trillion, followed by India with $437 billion and the United States with $227 billion. Brazil and the Russian Federation also show strong values at $89 billion and $57 billion, respectively. These countries exhibit diverse advantages such as large agricultural sectors for food security but face challenges like environmental degradation and resource depletion. This statistic plays a crucial role in their development by indicating the strength of the agricultural sector, impacting food supply, GDP, and influencing trade balances.

Russia v Ukraine

When analyzing the Agriculture, forestry, and fishing value added statistic for the Russian Federation and Ukraine, we see a significant disparity in the data. The Russian Federation boasts a much larger value at $57,503,314,091.96 compared to Ukraine's $11,102,426,392.32. This indicates a substantial difference in the agricultural sectors of these countries, with Russia having a more robust and diversified agricultural industry. The advantage for Russia lies in its capacity for agricultural production and potential export revenue, while the disadvantage may be overreliance on this sector. For Ukraine, the advantage may be potential for growth and development in the agricultural sector, but a disadvantage could be vulnerability to external factors impacting agriculture. This statistic is crucial for both countries' economic development as it reflects their agricultural productivity, competitiveness, and resilience to market fluctuations.

France v United Kingdom

In terms of Agriculture, forestry, and fishing value added in constant 2015 US dollars, France leads with $35,404,276,742.60 while the United Kingdom follows with $16,478,818,274.95. France's higher value indicates a stronger agricultural sector compared to the UK, reflecting a larger contribution to its GDP. This demonstrates France's agricultural resilience and potential for exports. However, it also signifies a higher dependency on this sector, which could pose risks during downturns. On the other hand, the UK's lower value suggests a smaller agricultural sector but also a more diversified economy. This diversification could offer stability but may limit the UK's competitiveness in agricultural exports. Overall, both countries need to balance the development of this sector to ensure sustainable growth and economic stability.

Israel v Iran

Iran's agriculture, forestry, and fishing sector shows a value added of $49,156,747,096.43 in constant 2015 US dollars, indicating a significant contribution to the economy. In contrast, Israel reports a much lower value added of $4,249,099,867.07 for the same sector. Iran's large value added suggests a strong agricultural base, potentially providing food security and employment opportunities. However, it may also indicate a heavy reliance on traditional agricultural practices. Israel's lower value added reflects a smaller agricultural sector, possibly indicating a more diversified economy. This disparity highlights Iran's dependence on the agriculture sector compared to Israel's more balanced economic structure.

Saudi Arabia v Iran

In terms of Agriculture, forestry, and fishing value added (constant 2015 US$), Iran leads with $49,156,747,096.43 while Saudi Arabia follows with $20,989,943,255.21. Iran's higher value added in this sector indicates a larger contribution from agriculture, forestry, and fishing activities to its economy compared to Saudi Arabia. Iran benefits from a more diversified agricultural sector, providing employment opportunities and ensuring food security. However, heavy reliance on agriculture can also make the economy vulnerable to external factors such as climate change. Saudi Arabia, on the other hand, may have opportunities to further develop and modernize its agricultural practices to increase value added and boost economic growth. Overall, this statistic underscores the importance of the agricultural sector for both countries' economic development and stability.

India v Pakistan

India's Agriculture, forestry, and fishing value added stands at $437.12 billion in constant 2015 US dollars, significantly higher than Pakistan's $78.03 billion. India's large agricultural sector indicates economic diversity but also highlights the challenge of sustaining such a vast industry. In contrast, Pakistan's lower value added suggests potential for growth and modernization in its agricultural practices. For India, the statistic reflects a substantial contribution to GDP, though inefficiencies may hinder optimal productivity. Pakistan, with room for expansion, could leverage this sector for economic development, focusing on technology and infrastructure to enhance output and competitiveness.

Turkey v Greece

In terms of Agriculture, Forestry, and Fishing value added (constant 2015 US$), Greece recorded $7.53 billion while Turkey reported a significantly higher figure of $67.64 billion. Turkey's superior performance in this sector can be attributed to its larger land area and diverse agricultural production compared to Greece. However, Greece's focus on high-quality agricultural products gives it an advantage in niche markets. The lower productivity in Greece may hinder overall economic growth compared to Turkey. This statistic underscores Turkey's strength in agricultural output but also highlights Greece's potential for value-added products in this sector.

China v Japan

In terms of Agriculture, forestry, and fishing value added in constant 2015 US dollars, China, People's Republic of dominates with a significant value of approximately $1.1 trillion, showcasing its immense agricultural sector. Japan, on the other hand, lags far behind with a much lower value of around $39.9 billion, reflecting a more modest agricultural output. For China, this statistic signifies a strong foundation for economic growth and self-sustainability in food production; however, it also raises concerns about environmental impacts and resource depletion. In contrast, Japan's lower value indicates a greater reliance on imports for food security, posing a vulnerability in times of global supply chain disruptions but also allowing focus on industrial and technological advancements for economic diversity.



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