The agricultural value added in the US is forecasted to maintain a steady contribution of 0.7% to the GDP from 2024 to 2028. This stability indicates no year-on-year percentage change over this period. Given that data from previous years is unavailable, we cannot calculate past variations or the Compound Annual Growth Rate (CAGR). Such consistency suggests a stable yet unchanging impact of agriculture on the US economy concerning its GDP contribution.
Future trends to watch for include:
- Technological advancements in agriculture that could influence productivity and GDP contributions.
- Potential shifts in global trade policies affecting agricultural exports.
- Climate change impacts on agriculture outputs and economic value.
- Changes in domestic farm policies and subsidies that could alter value-added figures.