The agricultural value added in Turkey has witnessed a consistent decline from 2013 to 2023. In 2013, it was at 6.05% of GDP and it decreased to 4.41% by 2023. The year-on-year variations have mostly been negative, with the sharpest decline of 10.11% observed in 2013. The Compound Annual Growth Rate (CAGR) over the past decade has shown a continuous negative trend. Specifically, the last five-year CAGR up to 2023 is -3.63%, reflecting an enduring downward trajectory.
From 2024 onwards, the forecast indicates that the agricultural value added will continue to decrease, reaching 3.51% by 2028. The forecasted five-year CAGR from 2023 to 2028 is expected to maintain a decline at a rate of -3.62%, with an overall forecasted five-year growth rate of -16.82%.
Future trends to watch for include:
- Technological advancements and their impact on agricultural efficiency.
- Policy changes and government support aimed at revitalizing the agricultural sector.
- Environmental factors such as climate change and their potential to further affect agricultural productivity.
- Economic shifts that might influence the focus and investment in the agricultural industry.
