The contribution of agriculture, hunting, forestry, and fishing to the UK's GDP shows a slight declining trend from 2024 to 2028. In 2023, the sector's GDP contribution stood marginally higher at 0.51%. As we move through the forecast period, the year-on-year percentage decrease in contribution is modest, with a Compound Annual Growth Rate (CAGR) showing a small average decline of approximately 2.86% over these five years.
Future trends to watch for include:
- Technological advancements driving efficiency in these sectors.
- Environmental policies impacting operations and potentially increasing costs.
- Global market influences, including trade regulations and climate change.
- The rising importance of sustainable and regenerative agricultural practices.