Important role of the wine sector in the development of the EU
Red Wine
Published Mar 23, 2024
Tridge summary
A PwC study reveals the significant socio-economic and environmental impact of the wine sector in the European Union. The sector contributed €130 billion to the EU's GDP in 2022, accounting for 0.8% of the total GDP and nearly 3% of jobs. The EU wine sector, which leads the global wine market with a 62% share in production and trade, also contributed €52 billion in tax revenues. The sector is crucial for rural development, job creation, and environmental sustainability.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Wine is a protagonist in the socio-economic and agricultural development of the European Union. The European Wine Organization, Comite Européen des Enterprises Vins (CEEV), of which the Hellenic Wine Association is a founding member, presented the results of a study carried out by PwC to the European Parliament yesterday Thursday and has quantified the impressive socio-economic and environmental contribution of the wine sector in the European Union. "The study clearly demonstrated the leading role that the European Union wine sector plays in the socio-economic sustainability of the EU's rural areas contributing €130 billion to the EU's GDP in 2022 which corresponds to 0.8% of the total EU GDP and almost 3 from jobs", stated the President of SEO, Dr. Yiannis Vogiatzis and added that: "The wine regions of the EU, like Greece, support rural development and are part of the intangible cultural heritage and European way of life." The aim of the report was to quantify the economic ...
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