The contribution of Agriculture, Hunting, Forestry, and Fishing to the US GDP is projected to slightly decline year-on-year from 2024 to 2028. The forecast for 2024 is 0.87%, decreasing annually to 0.82% in 2028. This suggests a gradual reduction in the sector's GDP share compared to 2023's value, which stood at approximately 0.88%. The compound annual growth rate (CAGR) over this five-year period is negative, indicating a persistent downtrend.
Future trends to watch for:
- Technological advancements and sustainable practices could potentially change productivity levels.
- Policy shifts and environmental regulations may further impact the sector's GDP contribution.
- Market demand for sustainable and organic products might influence future economic contributions and growth.