Forecast: Agriculture, Forestry and Seafood Gross Value Added Per Person Employed in the US

The Gross Value Added Per Person Employed in the Agriculture, Forestry, and Seafood sector in the US is forecasted to experience a marginal decline from 2024 to 2028. Starting at 0.93 in 2024 and 2025, the value slightly decreases to 0.92 in 2026 and 2027, and further to 0.91 in 2028. This indicates a gradual downward trend over the period. Overall, the Compound Annual Growth Rate (CAGR) reflects a stable yet minimal decrease annually. In 2023, this metric stood steady, as changes are expressed as change on the previous period rather than absolute values.

Future trends to watch for:

  • Technological advancements aimed at increasing productivity and efficiency might offset the declining trend.
  • Environmental policies and sustainability practices will potentially impact value addition in the sector.
  • Market demand shifts in response to consumer preferences towards more sustainable products.

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