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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.
The agribusiness sector plays a significant role in the Chinese economy, generating over 7.9% of the country's GDP (at constant prices) in 2023, down slightly by 1pp compared to 2022. The government is making constant efforts to ensure stable and ...
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The agribusiness sector plays an important role in India's economy, accounting for 16.2% of the country's GDP in FY2024 and 7.9% of total exports in 2023 (calendar year format). The sector employed approximately 46.1% of the country's total workforce ...
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The EU-27 is home to around 10 million farms and some 17 million people working regularly in the agriculture sector. The industry accounts for a small percentage of the Member States' national GDPs, but is subject to the 27-nation bloc's only, oldest ...
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Brazil's agribusiness sector has solidified its position as a global powerhouse, contributing significantly to the country's GDP and employment. In 2024, the sector's gross value of production (GVP) was expected to reach BRL 1.29tn, reflecting a ...
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Agriculture is one of the backbones of Indonesia's economy, contributing approximately 12% to the country's gross domestic product (GDP). The sector provided income for 39.5mn people, or the equivalent of 28% of the total workforce in 2023. ...
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Poland is a major producer and exporter of agricultural products in the EU. The agribusiness industry accounted for 2.7% of the country's GDP in 2023. The export market plays a key role in the development of the Polish agribusiness industry, with the ...
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The agribusiness sector plays an important role in the Philippines' economy, accounting for 9.4% of GDP in 2023 and 22.2% of employment in October 2023. The Philippines occupies leading positions in the global production of rice, pork, coconuts and ...
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Brazil's wood and paper sector is a key contributor to the nation's economy, benefiting from natural advantages that enhance its global competitiveness without the need for fiscal incentives. Factors such as favourable climate conditions, ...
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