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

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

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TGM StatBox. (2024). Agriculture Sector Contribution to GDP in Austria (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Austria
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
Austria's agriculture sector has seen a steady decrease in its contribution to GDP, from 3.1% in 1990 to around 1.4% by 2022. This reduction aligns with Austria’s EU integration in 1995, leading to increased investment in industrial and service sectors. The minor fluctuations in the sector’s contribution, such as the slight increase in 2011 (1.4%), correspond with EU agricultural subsidies, which bolstered rural areas.

Agriculture's minimal GDP share reflects Austria's shift towards a knowledge-based economy, with reduced reliance on primary sectors. However, agriculture remains crucial for rural employment and environmental sustainability, even as its economic contribution lessens.

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