The Agriculture Value Added Share of GDP in the UK is forecasted to slightly decline from 0.61% in 2024 to 0.59% by 2028, indicating modest contraction over the forecast period. Compared to the previous years, these figures suggest a stable, yet shrinking contribution to GDP. Since the sector's share was similar in 2023, showing a consistent year-on-year decrease of around 0.01 percentage points. The compound annual growth rate (CAGR) confirms this steady downtrend. This shift implies other sectors are outpacing agriculture in growth, potentially due to technological advancements or policy shifts impacting productivity or market dynamics.
Key future trends to monitor include:
- Impact of technological innovations in sustainable farming on productivity.
- Potential policy changes affecting agriculture subsidies and trade agreements.
- Climate change implications and adaptation strategies.
- Shifts in consumer preferences toward local or organic produce.
