The forecasted value added of agriculture, forestry, and fishing in the UK as a percentage of GDP shows a gradual decline from 2024 to 2028, starting at 0.58% in 2024 and dropping to 0.55% by 2027, with stabilization expected through 2028. This trend indicates a nominal annual decrease of approximately 0.01 percentage points, reflecting sluggish growth or contraction relative to the broader economic expansion, assuming GDP maintains progressive growth.
Future trends to watch for:
- Impact of climate change on agricultural productivity.
- Emerging technologies in farming practices and their adoption rates.
- Policy changes post-Brexit affecting trade and subsidies.
- Shift in consumer preferences towards sustainable food and forestry products.
