EU: Agricultural production increased by 2.4% in 2019

Published 2020년 11월 17일

Tridge summary

In 2019, the European Union's total agricultural production rose by 2.4% to € 418 billion at basic prices, driven by increases in gross value added, despite a slight rise in intermediate consumption. France, Germany, Italy, and Spain were the top producers. The value of crop production grew by 1.8%, driven by certain crops, while livestock production increased by 3.6%, largely due to higher prices for pigs, milk, and sheep and goats. However, the increase in agricultural services had minimal overall impact on agricultural production, as the cost of agricultural inputs also slightly increased by 0.8%.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Total agricultural production in the EU was € 418 billion at basic prices in 2019, an increase of 2.4% compared to 2018. Expenditures for intermediate consumption (goods and services used) corresponded to 56.6% of the value of agricultural production or € 236.5 billion, while gross value added (value of production minus intermediate consumption) was 43.4% or € 181.5 billion aiz.info reports, citing Eurostat. With a slight increase in intermediate consumption (+ 0.8%), EU agriculture achieved an increase in gross value added of 4.5% in 2019. Large differences in the EU At € 77 billion (18% of the EU total), France had the highest agricultural production among the Member States in 2019, followed by Germany (€ 58.2 billion or 14%), Italy ( € 57.8 billion, also 14%) and Spain (€ 51.7 billion or 12%). In three quarters of all EU Member States, the value of agricultural production increased in 2019, while it decreased in the other EU countries. In relative terms, the highest increases ...

Source: Top Agrar Online