Australia: GDP share of agriculture
* indicates monthly or quarterly data series
Australia |
Value added in the agricultural sector as percent of GDP |
---|---|
Latest value | 2.38 |
Year | 2023 |
Measure | percent |
Data availability | 1990 - 2023 |
Average | 2.78 |
Min - Max | 2.01 - 4.19 |
Source | The World Bank |
The latest value from 2023 is 2.38 percent, a decline from 2.68 percent in 2022. In comparison, the world average is 10.25 percent, based on data from 152 countries. Historically, the average for Australia from 1990 to 2023 is 2.78 percent. The minimum value, 2.01 percent, was reached in 2020 while the maximum of 4.19 percent was recorded in 1990.
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The importance of agriculture in the economy of Australia and other countries is measured as the value added of the agricultural sector as percent of GDP. Agriculture includes forestry, hunting, and fishing, as well as the cultivation of crops and livestock production.
Definition: Agriculture, forestry, and fishing corresponds to ISIC divisions 1-3 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Note: For VAB countries, gross value added at factor cost is used as the denominator.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Forest area, percent | 17.4 | 2021 | percent |
Percent agricultural land | 47.26 | 2021 | percent |
Employment in agriculture | 2.20 | 2022 | percent |
GDP share of agriculture | 2.38 | 2023 | percent |
Agriculture value added | 41.09 | 2023 | billion U.S. dollars |
Agricultural land | 3,635,190 | 2021 | sq. km. |
Crop production index | 146.1 | 2022 | index points |
Precipitation | 534 | 2020 | mm per year |
Arable land, percent of land area | 4.1 | 2021 | percent |
Cereal crop yield by hectar | 2,880 | 2022 | kg per hectar |
Food production index | 112.1 | 2022 | index points |
Fertilizer use | 82.6 | 2021 | kg per hectare of arable land |
Livestock production index | 87.5 | 2022 | index points |
Forest area, sq.km | 1,340,051.0 | 2021 | sq. km |