The Global Value Added of Food, Beverages and Tobacco as a percentage of GDP presents notable variances by country, with the highest figures seen in Ecuador (9.57%) and Armenia (8.81%), indicating substantial contribution to their economies. In contrast, developed economies like Singapore (0.95%) and Oman (0.68%) reflect lower contributions, typical of diversified economic structures. Year-on-year variations indicate significant growth in Argentina (6.74%) and Uzbekistan (6.57%), while countries like Kenya (-4.76%) and Serbia (-4.22%) face decline. Over the last five years, CAGR analysis highlights consistent growth patterns in key countries, yet some fluctuations suggest instability in market dynamics and economic dependencies.
Future trends to watch include potential economic recovery driving growth in countries currently experiencing declines, innovations in food and beverage production, and shifts in global trade that could drastically affect volume and value contributions across different nations.
Top countries in Value Added of Food, Beverages and Tobacco by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ecuador | 9.57 | 2023 | +2.96% | +3.71% | View data |
| 2 | 2 Armenia | 8.81 | 2023 | +4.81% | +4.73% | View data |
| 3 | 3 Nicaragua | 7.11 | 2023 | -0.0063% | +0.26% | View data |
| 4 | 4 Argentina | 5.9 | 2023 | +4.19% | +6.74% | View data |
| 5 | 5 Sri Lanka | 5.63 | 2023 | +0.6% | +0.21% | View data |
| 6 | 6 Rwanda | 5.37 | 2023 | +2.69% | +4.14% | View data |
| 7 | 7 Belarus | 5.17 | 2023 | +0.77% | +1.58% | View data |
| 8 | 8 Mongolia | 4.91 | 2023 | +3.11% | +3.03% | View data |
| 9 | 9 Marshall Islands | 4.61 | 2023 | +1.08% | -0.055% | View data |
| 10 | 10 Costa Rica | 4.58 | 2023 | -1.07% | +0.044% | View data |
