Agriculture, forestry, and fishing, value added (current US$)
Countries By Agriculture, forestry, and fishing, value added (current US$)
Key points
- China, People's Republic of has the highest value added in the Agriculture, forestry, and fishing sector, with a staggering $1,130,756,919,426.49.
- San Marino has the lowest value added in this sector, with only $217,330.08.
- The average value added in Agriculture, forestry, and fishing across all countries is approximately $19,924,732,828.07.
- United States follows closely behind China, with a value added of $199,831,763,000 in this sector.
- Developing countries such as India and Indonesia also showcase significant value added in Agriculture, forestry, and fishing, standing at $497,865,997,347.15 and $145,073,719,801.15 respectively.
Official Definition of Agriculture, forestry, and fishing, value added (current US$)
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. 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 current U.S. dollars.
Importance
Agriculture, forestry, and fishing, value added (current US$) is a crucial macroeconomic statistic for a country as it signifies the economic contribution of these sectors to the nation's gross domestic product (GDP). A high value in this statistic indicates a strong and thriving agriculture, forestry, and fishing industry, which can lead to economic growth, employment opportunities, and increased export potential for the country. Additionally, a high value added in these sectors can also help in poverty reduction, food security, and overall economic stability.
On the other hand, a low value added in agriculture, forestry, and fishing can have negative implications for a country. It may indicate underdevelopment in these sectors, dependence on imports for food security, and vulnerability to external market fluctuations. Countries with a low value added in these sectors may struggle with rural poverty, lack of agricultural innovation, and limited rural development opportunities.
Top 10 Countries by Agriculture, forestry, and fishing, value added (current US$)
Bottom 10 Countries by Agriculture, forestry, and fishing, value added (current US$)
Regions
Europe
When examining the value added in Agriculture, Forestry, and Fishing in the listed countries, it is evident that there is a wide range of levels, with Russia having the highest value at approximately $59 billion and Andorra the lowest at around $16 million. France, Italy, and Spain stand out with significantly high values, reflecting their strong agricultural sectors. These countries have the advantage of a robust agricultural industry, providing employment opportunities and contributing significantly to their GDP. However, reliance on this sector can also pose a risk to their economies if faced with volatile global market prices or environmental challenges. For countries like Moldova and Montenegro, the value added is relatively lower, indicating potential for growth and development in their agricultural sectors. Overall, this statistic underscores the importance of the agricultural industry in these countries' economic development and highlights the varying degrees of competitiveness and potential for growth among them.
Far East: East Asia, SE Asia, Australia
The agriculture, forestry, and fishing value added in the listed countries varies significantly, with China leading at over $1 trillion, followed by Indonesia and Vietnam. These countries heavily rely on these sectors, indicating diverse economic structures. China's immense value added reflects its large-scale agricultural production, while Vietnam and Indonesia demonstrate strong agricultural potential. However, overreliance on these sectors can hinder diversification and economic resilience. For countries like Singapore and Brunei with lower values, focusing on technology and services may offer more sustainable growth. Overall, this statistic highlights the importance of these sectors for economic development, but also signals the need for diversification strategies for long-term stability.
ASEAN
Analysis of Agriculture, Forestry, and Fishing value added in selected countries:
- Brunei: $146,170,951.28 - Limited diversification due to oil dependency.
- Cambodia: $5,872,192,460.48 - Growing agricultural sector supporting economic growth.
- Indonesia: $145,073,719,801.15 - Major player with significant agricultural output.
- Laos: $3,101,201,490.70 - Relatively small economy with potential for growth in agriculture.
- Malaysia: $27,556,678,011.23 - Well-developed agriculture and forestry sectors driving economic activity.
- Myanmar: $17,720,979,728.86 - Agriculture sector facing challenges amid political and social issues.
- Philippines: $36,845,479,325.21 - Strong agriculture industry supporting the economy.
- Singapore: $114,586,640.11 - Limited reliance on agriculture due to focus on services and industry.
- Thailand: $43,553,628,236.61 - Diversified agriculture sector contributing significantly to GDP.
- Vietnam: $43,865,620,544.09 - Growing agricultural exports boosting economic performance.
Latin America
The Agriculture, forestry, and fishing value added statistic provides insight into the economic contribution of these sectors for the listed countries. Brazil stands out with the highest value added, indicating a strong agricultural base and potential for export earnings. Mexico follows, showcasing a large and diverse agricultural sector. While Argentina, Peru, and Colombia also have substantial contributions, smaller economies like Costa Rica and Uruguay exhibit potential for growth and specialization. However, dependence on these sectors can leave countries vulnerable to market fluctuations. Overall, the statistic reflects each country's economic diversification, employment opportunities, and potential for sustainable development through value addition and market competitiveness.
Middle East
The Agriculture, forestry, and fishing value added data shows significant variation among the listed countries, with Turkey leading at $48.04 billion and State of Palestine at the lowest with $1.10 billion. Saudi Arabia, Iran, and Egypt also demonstrate notable values at $21.74 billion, $29.28 billion, and $42.86 billion respectively. Turkey's high value signifies a strong agricultural sector, offering economic stability through diverse revenue sources. However, heavy reliance on agriculture can be a disadvantage in countries like Egypt and Iran, where climate change poses risks. This statistic indicates the level of economic diversification and sustainability, influencing overall development and resilience in the face of environmental challenges for each country.
Rivals
Anglosphere v BRICS
The statistic "Agriculture, forestry, and fishing, value added (current US$)" reveals the economic output of these sectors for the listed countries. China stands out with a significantly high value, followed by the United States and India. Brazil and Russia also show substantial values in this sector. China's immense value added in agriculture indicates its strong position in global food production. The United States benefits from a diversified agricultural sector, while India's high value added reflects its large agricultural workforce. Brazil and Russia's significant values highlight their roles as key players in global food production. However, heavy reliance on agriculture can pose challenges for diversification and sustainability in these economies.
Russia v Ukraine
In terms of Agriculture, forestry, and fishing value added, the Russian Federation leads with approximately $59.8 billion, while Ukraine follows with about $14.6 billion. The Russian Federation's large value added in this sector is indicative of its rich agricultural resources and significant food production capacity, granting it a strong position in global food markets. However, dependency on agriculture can expose the country to price volatility and external market shocks. Ukraine, although producing less value added, possesses fertile lands and a potential for agricultural growth, albeit facing challenges such as political instability. For both nations, this statistic plays a crucial role in economic development, influencing employment, trade balance, and overall GDP performance.
France v United Kingdom
France has a significantly higher Agriculture, forestry, and fishing value added compared to the United Kingdom, totaling $41,815,799,548.64 in current U.S. dollars, while the United Kingdom's value stands at $17,807,701,971.86. This indicates a stronger agricultural sector in France. The advantage for France lies in its robust agricultural industry supporting economic growth and employment. However, overreliance on this sector could pose a risk to economic diversification. In contrast, the United Kingdom may benefit from a more diversified economy, but it might face challenges in sustaining agricultural competitiveness. Developing the agricultural sector further could enhance food security and export potential for both countries, contributing to their overall economic development.
Israel v Iran
Between Iran and Israel, Iran has a significantly higher Agriculture, forestry, and fishing value added in current US dollars compared to Israel. Iran's value stands at approximately $29.28 billion, while Israel's is around $5.44 billion. This stark contrast indicates Iran's larger agricultural sector output. For Iran, the advantage lies in its ability to potentially boost domestic production and exports, strengthening food security and economic stability. However, the disadvantage could be a heavy reliance on traditional farming practices. In contrast, Israel's advantage lies in advanced agricultural technologies leading to high productivity, but its disadvantage could be limited arable land. Overall, this statistic signifies the importance of agriculture in economic development for both countries, albeit with different strategies and challenges.
Saudi Arabia v Iran
Iran has a higher Agriculture, forestry, and fishing value added at $29,278,890,453.84 compared to Saudi Arabia's $21,736,350,961.32. Iran's agricultural sector plays a significant role in its economy, providing employment and contributing to GDP. However, dependency on this sector can make the economy vulnerable to external factors. Saudi Arabia, with its lower value added, has been focusing on diversifying its economy away from oil, which could lead to sustainable growth in the long term. The difference in value added reflects Iran's larger agricultural sector compared to Saudi Arabia, highlighting varying economic structures and development strategies between the two countries.
India v Pakistan
India's agriculture, forestry, and fishing sector shows a considerably higher value added of approximately $497.87 billion, compared to Pakistan's value added of about $65.66 billion. This indicates India's larger and more diverse agricultural industry, which contributes significantly to its economy. However, Pakistan's comparatively smaller value added signifies a potential need for increased investment and modernization in its agricultural sector to enhance economic growth. For India, this statistic reflects a strong foundation for economic stability and growth but also highlights the importance of sustainable practices to prevent resource depletion. In contrast, Pakistan may need strategic reforms to boost productivity and competitiveness in agriculture for long-term development.
Turkey v Greece
Based on the data provided for the Agriculture, forestry, and fishing value added in current US dollars, Greece has a total value of approximately $7.7 billion while Turkey has a significantly higher value at around $48.0 billion. Turkey's value in this sector is approximately six times greater than that of Greece, indicating a much larger agricultural sector. Greece's advantage lies in its potential for niche and high-quality agricultural products, while Turkey benefits from economies of scale and a more diverse range of agricultural products. However, Turkey may face challenges in sustainability and environmental implications due to the scale of its production. For Greece, there is potential for more value-added products and premium branding. This statistic's impact on both countries' development is crucial as it represents a substantial contribution to their GDP and employment, with Turkey having a more dominant position in regional agricultural trade and production.
China v Japan
China, with a value added in Agriculture, forestry, and fishing of $1.13 trillion, holds a dominant position compared to Japan's $53.9 billion. This stark contrast reflects China's vast agricultural sector and its crucial role in the economy. Despite China's strong agricultural output, potential issues include environmental degradation and food security concerns due to intensive farming practices. On the other hand, Japan's smaller but efficient agricultural sector benefits from high-quality produce and advanced technology. This statistic indicates China's development as an agricultural powerhouse and Japan's focus on innovation and sustainability in agriculture, shaping their economic paths and global competitiveness in the sector.
FAQs
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Which country has the most Agriculture, forestry, and fishing, value added (current US$)?
Answer: China, People's Republic of has the highest value in Agriculture, forestry, and fishing, value added with $1,130,756,919,426.49. -
Which country has the least Agriculture, forestry, and fishing, value added (current US$)?
Answer: San Marino has the least value in Agriculture, forestry, and fishing, value added with $217,330.08. -
What is the average Agriculture, forestry, and fishing, value added (current US$) among the listed
countries?
Answer: The average Agriculture, forestry, and fishing, value added among the listed countries is approximately $19,924,732,828.07.