Austria: Value added in the agricultural sector as percent of GDP, 1976 - 2020:
For that indicator, we provide data for Austria from 1976 to 2020. The average value for Austria during that period was 2.29 percent with a minimum of 1.09 percent in 2019 and a maximum of 5.11 percent in 1976.
The latest value from 2020 is 1.17 percent. For comparison, the world average in 2020 based on 146
countries is 10.81 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
The importance of agriculture in the economy of Austria 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 corresponds to ISIC divisions 1-5 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 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.