The agricultural sector's contribution to GDP in 2023 varies greatly from
country to country. According to the World Bank, the agricultural sector
contributed an average of 8.1% of GDP in developing countries in 2023, while it
contributed an average of 2.4% of GDP in developed countries.
Here are some examples of the
agricultural sector's contribution to GDP in specific countries in 2023:
·
China: 10.1%
·
India: 17.9%
·
United States: 1.9%
·
Japan: 1.3%
·
Germany: 1.1%
The agricultural sector's
contribution to GDP is influenced by a number of factors, including the size of
the agricultural sector, the level of development of the country, and the
government's policies towards agriculture. In general, the agricultural sector
contributes a larger share of GDP in developing countries than in developed
countries. This is because developing countries tend to have a larger
agricultural sector, as a higher proportion of their population is employed in
agriculture. Additionally, developing countries often have less developed
industrial and service sectors, which mean that the agricultural sector plays a
more important role in the overall economy.
The government's policies
towards agriculture can also have a significant impact on the agricultural
sector's contribution to GDP. For example, governments can provide subsidies to
farmers, invest in agricultural research and development, or implement trade
policies that favor agricultural exports. These policies can help to boost
agricultural production and productivity, which can lead to a higher
contribution to GDP.
The agricultural sector is a
major driver of economic growth in many developing countries. It provides jobs
for millions of people, generates income for rural households, and contributes
to food security. As a result, it is important for governments to invest in
agriculture and to implement policies that support the agricultural sector.