The forecast for the contribution of the agriculture, forestry, livestock, and seafood sector to China's GDP remains constant at 7.7% from 2024 to 2028. In 2023, this sector's contribution was also at 7.7%, indicating no anticipated year-on-year variation over this period. The Compound Annual Growth Rate (CAGR) reflects this stability by holding steady at 0% over the five-year forecast period. This suggests a stabilization in the sector's relative importance to China's overall economic output.
Future trends to watch for:
- Technological advancements and innovation could boost productivity.
- Potential policy changes may influence agricultural subsidies and support.
- Environmental challenges and sustainability efforts could reshape sector dynamics.
- International trade relations and demand shifts may impact export opportunities.