The total value of agricultural production at farm gate in Indonesia was recorded at $114.71 billion in 2023. The forecasted data from 2024 onwards shows a steady increase in the agricultural production value, with the projected figures being $115.62 billion in 2024, $116.53 billion in 2025, $117.43 billion in 2026, $118.32 billion in 2027, and $119.2 billion in 2028.
Year-on-year variations indicate a consistent annual growth rate, with a typical increase of around 0.78% from 2024 to 2025, 0.77% from 2025 to 2026, 0.76% from 2026 to 2027, and 0.75% from 2027 to 2028. The compound annual growth rate (CAGR) over the forecasted five-year period (2024-2028) stands at approximately 0.77%.
Future trends to watch for include technological advancements in agricultural practices, shifts in global commodity prices, climate change impacts, and government policies aimed at boosting agricultural productivity and sustainability in Indonesia.
