Agriculture Sector Contribution to GDP in Australia (1990-2022)

Agriculture Sector Contribution to GDP in Australia (1990-2022)

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TGM StatBox. (2024). Agriculture Sector Contribution to GDP in Australia (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Australia
Published date: 2024
Note: Agriculture (% of GDP), according to World Development Indicators, measures the contribution of the agricultural sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of activities such as farming, forestry, and fishing, indicating the value generated by agriculture relative to the overall economy.
Key Takeaways
Agriculture's contribution to Australia’s GDP showed moderate but steady decline from 4.2% in 1990 to 2.7% in 2022, driven by the country’s strong mining and services sectors. Periodic increases, such as in 2002 (3.9%) and 2017 (2.7%), were influenced by favorable weather conditions and high global demand for agricultural exports.

The sector remained resilient even as it faced challenges like droughts and international trade issues, adapting through technological advancements and sustainable farming practices. Agriculture’s stable contribution around 2-3% highlights Australia’s efficient production systems despite the growing dominance of non-agricultural industries.

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