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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 India, agriculture is the primary source of livelihood for close to 60% of households in rural areas. Together with forestry and fisheries, it is one of the largest contributors to India’s GDP. India is home to over 20 agri-climatic regions, ...
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Chile has a relatively developed and diversified agriculture sector and is a leader in the production and export of several key commodities including cherries, grapes, apples, walnuts, poultry meat and salmon. Agriculture plays a major socio-economic ...
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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 instability in ...
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Agriculture plays a major socio-economic role in Ecuador, accounting for 9.2% of the country’s GDP and 28.3% of formal employment in 2018. During the year, it was also one of the driving forces of the economy, as its GVA expanded by 3.2% y/y, ...
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Thailand's Agriculture, Forestry & Fishing sector accounted for 8.1% of national GDP and for 33% of Thailand’s total employment in 2018. Agriculture land claimed 47% of total land in 2018, and paddy fields accounted for half of the ...
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In 2018, Colombia’s agriculture, livestock, forestry, hunting and fisheries sector accounted for 6.3% of the country’s GDP. Between 2013 and 2018, the sector’s GVA rose at a CAGR of 4.2% in real terms, supported by the ...
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In 2018, agriculture, forestry and fishing in Romania constituted 4.8% of the nominal GVA of the economy. The agricultural output value reached a record high of RON 90.2bn, up by 14.9% y/y. Animal production value was up by 5.5% y/y, while crop ...
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Agriculture is one of the key economic sectors of Mexico, accounting for 3.3% of the country’s GDP, 12.7% of formal employment and 4.3% of national exports in 2018. During the year, it was also one of the driving forces of the Mexican economy, ...
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Hungarian agricultural output amounted to HUF 2,594.7bn in 2017, up by 0.3% y/y. In volume terms the output shrank by 4.1% y/y, as unfavourable weather conditions affected crop production, which made up 58% of the sector’s overall output value ...
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China is the largest agricultural economy globally, consuming and supplying 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 world's wheat, maize and ...
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