The forecast for agriculture and livestock-related service activities output in Germany indicates a steady increase from 2024 to 2028. The figures, expressed in billion euros, project a gradual year-on-year rise from 58.68 billion euros in 2024 to 60.72 billion euros in 2028. Analyzing these forecasts reveals an approximate annual growth rate of around 0.85%, underlining a positive, albeit modest, trend.
In 2023, the output stood at 58.17 billion euros, marking the beginning of this projected upward trajectory. The compound annual growth rate (CAGR) from 2024 to 2028 remains stable, reflecting consistent growth expectations in the sector.
Future Trends to Watch For:
- Advancements in agricultural technology and precision farming.
- Changes in EU agricultural subsidies and policies.
- Environmental sustainability and climate change impacts.
- Market demand shifts due to global food security concerns.
