The Gross Value Added (GVA) of Agricultural Products and Livestock in Italy has shown fluctuations between 2013 and 2023. During this period, significant year-on-year variations occurred, notably in 2014 with a -6.36% decrease and a recovery in 2015 with a +5.21% increase. The values have generally returned close to an average of approximately 31-32 Billion Euros.
In 2023, the GVA stood at 31.64 Billion Euros, marking a steady but modest growth compared to previous years, with a year-on-year increase of +0.81% and a five-year CAGR of approximately +0.61% from 2024 onwards.
Future trends to watch for include:
- Technological advancements and their impact on productivity
- Climate change implications and adaptation strategies
- Policy changes and subsidies from the European Union
- Market demands and shifts towards sustainable and organic products
Considering the forecast data from 2024 to 2028, Italy’s agricultural GVA is anticipated to grow gradually, reflecting an annual average growth rate of roughly 0.61%, cumulating into a 3.09% total growth rate over the five-year span.