From 2013 to 2023, the Agricultural Value Added in the Netherlands exhibited a steady decline from 1.64 to 1.35 GDP units. The year-on-year percentage variation consistently showed negative trends, ranging from -3.64% in 2014 to -1.59% in 2023. Over the last five years (2019-2023), the Compound Annual Growth Rate (CAGR) has averaged -1.6%, indicating a continuous contraction in the agricultural sector's contribution to the GDP.
Looking forward to the forecasted period (2024-2028), the Agricultural Value Added is projected to further decline from 1.32 to 1.23 GDP units. The forecasted 5-year CAGR is -1.39%, with an overall growth rate of -6.78% by 2028, reflecting sustained downward momentum.
Future trends to watch for:
- Impact of technological advancements on agricultural efficiency and productivity.
- Government policies and subsidies to support the agricultural sector.
- Global market trends affecting export demand and commodity prices.
- Environmental and climate change factors impacting crop yields and agricultural sustainability.