62% of world wine production comes from the European Union

Published 2024년 3월 21일

Tridge summary

The European Union (EU) is responsible for 62% of the world's wine production, contributing 130,000 million euros to its GDP and employing nearly 3 million people in 2022, according to a PwC study. The wine industry, a significant economic driver in many rural areas, generates about 15 billion euros in income and contributes to environmental sustainability. However, the European Committee of Wine Companies (CEEV) is urging for more support for the sector, particularly in adapting the complex legal framework that governs it.

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Original content

62% of world wine production comes from the European Union (EU), where the sector employs almost 3 million people and where it reached a contribution of 130,000 million euros to the GDP of the community club in 2022, as announced this Wednesday by the European Committee of Wine Companies (CEEV). These data, which are the result of a study carried out by the consulting firm PwC - commissioned by the CEEV - demonstrate that "the wine sector plays a fundamental role in the socio-economic sustainability of rural areas of the EU", defended the president of this organization, Mauricio González-Gordon. According to the study, wine regions tend to experience less demographic decline, as most jobs - accounting for 1.4% of total EU employment - are located in rural areas. The wine sector directly contributed 2.9 million jobs in 2022 through viticulture (18%), winemaking (7%) and marketing (75%). On an economic level, vineyards are 15% more profitable than other permanent crops, which, ...

Source: PEefeagro