In 2023, Japan led global government expenditures in agriculture, forestry, fishing, and hunting with $46.35 billion in PPP, followed by Germany ($9.72 billion) and Spain ($7.45 billion). The past year saw notable growth in countries like Hungary (3.5%) and Israel (4.55%), while France experienced a decline of 1.37%. Over five years, there has been modest growth among European countries, with significant yearly increases observed in Czech Republic and Denmark. However, Lithuania, Latvia, and Estonia face decreasing investments, signaling challenges in their agricultural sectors.
As we look to the future, countries may need to address sustainability and innovation in agriculture to adapt to climate change. Understanding shifts in local and global policies, market demands, and technological developments will be crucial for aligning government spending with emerging agricultural needs. The integration of smart farming technologies and sustainable practices is expected to influence future expenditure trends.
Top countries in Government Expenditures on Agriculture, Forestry, Fishing and Hunting by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 46,350 | 2023 | +0.46% | +0.41% | View data |
| 2 | 2 Germany | 9,720 | 2023 | +1.66% | +1.41% | View data |
| 3 | 3 Spain | 7,450 | 2023 | +0.083% | +1.84% | View data |
| 4 | 4 France | 6,430 | 2023 | -1.25% | -1.37% | View data |
| 5 | 5 Poland | 6,340 | 2023 | +1.31% | +1.11% | View data |
| 6 | 6 Italy | 5,860 | 2023 | -0.44% | +1.75% | View data |
| 7 | 7 Switzerland | 4,380 | 2023 | +1.27% | +1.46% | View data |
| 8 | 8 Romania | 3,790 | 2023 | +0.53% | +0.19% | View data |
| 9 | 9 United Kingdom | 3,740 | 2023 | +0.23% | +1.07% | View data |
| 10 | 10 Colombia | 3,580 | 2023 | -2.08% | -1.25% | View data |
