The value added of agriculture, forestry, and fishing in Italy is forecasted to decline slightly over the next five years. From a share of 1.84% of GDP in 2024, it is expected to decrease to 1.75% by 2028. This represents a negative compound annual growth rate (CAGR) over these years. Year-on-year, the decline is steady, averaging a decrease of about 0.02 percentage points annually, reflecting gradual yet consistent shrinkage in this sector's relative contribution to GDP.
Future trends to watch for include:
- Technological advancements in agricultural practices, which may improve efficiency and sustainability.
- Policy changes in the EU affecting subsidies or environmental regulations.
- Climate change impacts, potentially altering productivity and viability of certain crops or fishery activities.
- Shifting consumer preferences towards more sustainable and locally produced goods.