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

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

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TGM StatBox. (2024). Agriculture Sector Contribution to GDP in Portugal (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Portugal
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
Portugal’s agriculture sector contribution declined from 4.8% in 1995 to around 2.1% in recent years, driven by growth in tourism and services. EU integration helped modernize Portugal’s economy, reducing agriculture’s relative share. The sector’s contribution stabilized around 2% in recent years, underscoring its role in rural areas and domestic food supply.

Temporary increases, such as in 2013 and 2020, may reflect favorable agricultural output and increased demand during the pandemic. Agriculture, though reduced in GDP share, remains an essential part of Portugal’s economy, particularly in wine and olive oil production.

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