Spain: In 2019, 418,000 million euros or 2.4% of total agricultural production in European Union (EU) rises

Published Nov 17, 2020

Tridge summary

The European Union's agricultural production reached 418,000 million euros in 2019, marking a 2.4% increase from the previous year. The report highlights a significant growth in gross value added, primarily driven by France, Germany, Italy, and Spain, despite a slight decrease in the value of total agricultural production in France, Italy, and Spain. The increase in production was led by crops, with notable growth in rye and oats, and a rise in animal production, largely due to higher prices for pigs, milk, and sheep and goats. Although agricultural services increased by 2.0%, the overall impact on agricultural production was minimal. EU farm input costs experienced a slight increase of 0.8%, with variations among member states, showing a mixed picture of growth and decline across Europe.

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

Original content

The economic accounts of agriculture show that total agricultural production in the European Union (EU) was 418,000 million euros in 2019, 2.4% more than in 2018, according to a recent report The combination of the increase in the value of Agricultural production and limited growth in intermediate consumption (+ 0.8%) translated into a strong increase in gross value added (+ 4.5%) for the EU agricultural industry in 2019 compared to 2018. At 77.00 billion euros (or around 18% of the EU total) in 2019, France had the highest total agricultural production among Member States, followed by Germany (58.2 billion euros, or 14%), Italy (57.8 billion euros, or 14%) and Spain (51.7 billion euros, or 12%), the Netherlands (29.1 billion euros, or 7% of the EU total), Poland (26.4 billion euros, or 6%) and Romania (19.00 billion euros as value of agricultural production) In three quarters of the EU Member States, the value of agricultural production increased in 2019. The largest increases, ...

Source: Castilla