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Agribusiness
Agriculture is one of the fundamental economic sectors, with an essential role in securing raw materials and basic food for sustaining human life and the operations of manufacturing industries. Apart from being at the base of the global food chain, the sector is of vital importance for economic and social development in a large number of developing countries. Against a background of rapidly growing world population, rising incomes in emerging markets and changing consumption patterns, agriculture’s main tasks are to increase productivity and to ensure steady food supply in a sustainable way that takes into account social, economic and environmental considerations.
Agriculture involves the cultivation of the soil and the harvesting of a variety of crops, fruits, nuts, vegetables and flowers. It also includes the growing and harvesting of forest products, the hunting of animals, livestock breeding, production of livestock products such as milk and eggs, fishing and aquaculture, and related support activities.
In 2019, Colombia’s agriculture, livestock, forestry, hunting and fisheries sector accounted for 6.7% of the country’s GDP. Between 2014 and 2019, the sector’s GVA rose at a CAGR of 3.3% in real terms. This ...
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Agriculture and its allied sectors combine for the largest sector in India in terms of employment – engaging approximately 40% of the country’s total workforce. Aside from its significance in employing many workers and providing ...
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Argentina occupies leading positions in the production and export of several agricultural commodities, ranking among the world’s ten biggest producers of soybean, maize, wheat, sunflower, beef and poultry meat ...
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The Mexican agriculture sector, including crop, livestock and fisheries, plays a key role in the domestic economy. Agriculture GVA accounted for 3.4% of the GDP in 2019, and the sector is among the largest employers in the country, with a ...
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The agriculture, livestock and fisheries sector in Brazil plays a key role in the domestic economy, accounting for 5.1% of total GDP, 24.6% of total export value and 3.7% of total employment in 2018. The recent economic and political ...
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Agriculture is one of the most important sectors and the main source of hard currency for the Russian economy. The sector of agriculture, hunting, forestry and fishery accounted for 3.4% of the country’s total GVA in 2019, while ...
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China is the largest agricultural economy globally, consuming and producing more than half of the world's pork, as well as supplying one third of the horticultural products, rice and cotton, and close to 20% of the wheat, maize and poultry ...
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The Philippines is primarily an agrarian country, with about 22% of its population engaged in farming. In 2019, the agriculture, forestry and fishing (AFF) sector contributed 8.8% to national GDP, according to data from the Philippine Statistics ...
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Poland is a major producer and exporter of agricultural produce in the EU. The agriculture sector accounted for 2.1% of the country’s GDP in 2018 and for 2.4% of Poland’s GVA. Poland’s agriculture also had a 5.1% share in the GVA of ...
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The agriculture sector contributed 7.3% to Malaysia’s GDP in 2019, down from 8.3% in 2015 and 10% in 2010. With a share of 36.5%, palm oil was the major contributor to agricultural sector GDP in 2019, followed by livestock (15.9%), and fishing ...
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