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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.
Over the past years, CEE agriculture has been showing a broadly declining share of GDP, ranging from around 1.6% in Slovakia and 1.9% in Czechia to higher levels in Poland, Hungary and Croatia, with Romania at the top at 2.81% in 2024. Nominal ...
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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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Poland is a significant producer of wheat, sugar beet, apples, potatoes, poultry meat and beef within the European Union (EU). The country achieved a new record high in terms of poultry meat production (of 2.7mn tonnes) in 2022, following a rise of 7 ...
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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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In 2016 the gross value added (GVA) of the Romanian agriculture, forestry and fishing sector reached RON 29,654.2mn and accounted for 4.34% of Romania’s total GVA and 3.89% of GDP. There were 1.726mn persons employed in the sector, which ...
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Agriculture is one of the backbone sectors of the Romanian economy. It accounts for 5.3% of GDP, but its share in employment is 29.3%. Agriculture is the largest sector in Romania in terms of employment. The monthly gross wages in the sector were ...
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