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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.
Colombia's agribusiness sector plays a vital role in the national economy, accounting for 6.3% of GDP and 13.3% of total employment in 2024. That year, it represented 17.3% of the country's total exports. Colombia is among the world's leading ...
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Since the Doi Moi reforms, Vietnam has evolved into a global leader in agricultural exports, particularly rice, coffee, fruits, and pork. While agriculture's share of GDP declined to 11.86% in 2024, its gross value added rose by 14% over two years, ...
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The agribusiness sector plays an important role in Thailand's economy, accounting for 8.7% of the country's GDP and 9.9% of total exports in 2024. Moreover, the sector employed 28.9% of the country's total workforce in 2024, being the largest ...
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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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