Global value added by agriculture, forestry and fishing grows 89pc by 2022

The global value added by agriculture, forestry and fishing grew by 89 per cent in real terms between 2000 and 2022, reaching $3.8 trillion in 2022, according to an FAO report. Given its size, Asia was the main contributor to global agriculture, forestry and fishing value-added with 6pc of the world total in 2022: the continent’s value added more than doubled from $1.2tr in 2000 to $2.5tr in 2022, according to the World Food and Agriculture — Statistics Yearbook 2024, released on Friday. The global contribution of agriculture to GDP declined marginally between 2000 and 2019. This is an expected consequence of the growth of total GDP. Due to the Covid-19 pandemic and the various restrictions put in place to contain it in 2020, the value added by the industry and services sectors declined while that of agriculture kept increasing, resulting in an artificial jump of the share of agriculture in the total in 2020.