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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 agriculture sector plays an important role in Russia’s economy, generating nearly 4% of the country’s GDP, employing 9% of the total workforce and accounting for 6% of the total exports. Over the past 15 years, Russia ...
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The Philippines is an agrarian country, with half of its population engaged in farming. In 2017, the agriculture and forestry sector alone contributed 8.4% to national GDP – a share which rises to 9.6% if fisheries are included – ...
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China is the world's largest agricultural economy, consuming and supplying more than half of the world's pork, and supplying one-third of its horticultural products, rice, and cotton and approximately 20% of the world's wheat, maize, and poultry. The ...
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The agriculture, livestock and fisheries sector in Brazil plays a key role in the domestic economy, accounting for 4.7% of total GDP, 24% of total export value, and 3.7% of total employment in 2016. The GDP of the sector registered a 6.6% y/y ...
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Thailand's agricultural sector accounted for 8.3% of national GDP and for 31% of total employment in 2016. Agriculture, forestry and hunting claimed 91% of sector output, while fishing contributed 9% in the same year. Thailand is among the world's ...
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The agriculture, livestock and fishing sectors play a key role in the Mexican economy with their value added accounting for 3.6% of the GDP at the end of 2016. The primary industry is among the largest employers in the country, sustaining 13.2% of ...
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The agriculture, livestock and fishing sector plays a key role in Argentina’s economy, accounting for 6.4% of GDP, 29.9% of the total exports and 5.3% of the total registered employment as of the end of 2016. During the year, the agricultural ...
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Agriculture is one of the main pillars of the Colombian economy, accounting for 6.2% of the country’s GDP, 14.4% of national exports, 1.1% of total FDI inflow and 16.8% of the overall employment in 2015. Between 2010 and 2015, the gross value ...
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Agriculture generates slightly over 2% of Poland’s GDP and provides employment for a sixth of the workforce. The gross value added (GVA) of the Polish agricultural sector totalled PLN 41.59bn in 2016, edging up 0.2% from 2015. The sector ...
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Between 2010 and 2012, the production value of the agriculture, livestock and fisheries sector expanded at a CAGR of 5.7%. Thereafter, growth dropped to an annual average rate of 1.5% between 2013 and 2015. According to the Ministry of Agriculture ...
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