The Gross Value Added (GVA) per person employed in the UK's agriculture, forestry, and seafood sector shows a slight decline, forecasted to drop from 2.56 in 2024 to 2.44 by 2028. This suggests challenges in productivity or potential industry contractions. Year-on-year variation indicates a consistently negative trend. Over a five-year span, the compound annual growth rate (CAGR) is negative, highlighting a need for efficiency improvements or innovation to boost GVA.
Future trends to watch include:
- Technological advancements and their adoption impacting productivity
- Regulatory changes affecting operating environments
- Shifts in global demand and trade agreements impacting output and profitability
