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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.
Thailand's Agriculture, Hunting, Forestry and Fishing sector accounted for 8% of the GDP, growing 1.6% y/y, in 2019. The sector accounted for 33.7% of Thailand’s total employment in 2019. Agricultural land claimed some 47% of the ...
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Agriculture and its allied sectors combine for the largest sector in India in terms of employment – engaging approximately 40% of the country’s total workforce. Aside from its significance in employing many workers and providing ...
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China is the largest agricultural economy globally, consuming and producing more than half of the world's pork, as well as supplying one third of the horticultural products, rice and cotton, and close to 20% of the wheat, maize and poultry ...
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The Philippines is primarily an agrarian country, with about 22% of its population engaged in farming. In 2019, the agriculture, forestry and fishing (AFF) sector contributed 8.8% to national GDP, according to data from the Philippine Statistics ...
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The agriculture sector contributed 7.3% to Malaysia’s GDP in 2019, down from 8.3% in 2015 and 10% in 2010. With a share of 36.5%, palm oil was the major contributor to agricultural sector GDP in 2019, followed by livestock (15.9%), and fishing ...
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Indonesia is the world’s third largest producer and consumer of rice and the largest producer of palm oil. The country is also the third largest producer of cocoa and ranks second in terms of wheat imports. Given its large population, Indonesia ...
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In India, agriculture is the primary source of livelihood for close to 60% of households in rural areas. Together with forestry and fisheries, it is one of the largest contributors to India’s GDP. India is home to over 20 agri-climatic regions, ...
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Thailand's Agriculture, Forestry & Fishing sector accounted for 8.1% of national GDP and for 33% of Thailand’s total employment in 2018. Agriculture land claimed 47% of total land in 2018, and paddy fields accounted for half of the ...
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China is the largest agricultural economy globally, consuming and supplying more than half of the world's pork, as well as supplying one third of the horticultural products, rice and cotton, and close to 20% of the world's wheat, maize and ...
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Agriculture has been key to Malaysia’s economic development, and the agriculture sector contributes approximately 7.54% of Malaysia’s GDP in 2018. The country is also undergoing various economic partnerships and is working to reduce or ...
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