The Agriculture, Hunting, Forestry, and Fishing sector value added in Chile saw a fluctuating yet slightly declining trend from 2013 to 2023. Starting at 3.7 Units in 2013, it reached 3.94 Units in 2023. This represents a 3.7% decrease from the previous year. Notably, the sector experienced a compound annual growth rate (CAGR) of -0.49% over the past five years, indicating a gradual decline.
Looking ahead, the forecast suggests a continued downward trend, with an overall decline of 2.41% projected over the next five years, reaching 3.82 Units by 2028. Year-on-year variations show a consistent reduction in value, with an average annual decline of around 0.49% expected.
Future trends to watch for:
- Impact of climate change and extreme weather events on agricultural productivity.
- Technological advancements in farming and resource management.
- Shifts in global demand for agricultural exports.
- Government policies and support for sustainable agriculture practices.
