Forecast: Agricultural Output Production in France

The agricultural output production in France has shown significant fluctuations over the period from 2013 to 2023, with outputs expressed in billion euros. In 2023, the agricultural output stood at €98.45 billion. There has been a mixture of positive and negative year-on-year variations reflecting the sector's response to various economic and environmental factors. Particularly notable is the sharp increase in 2022, with a year-on-year growth of 16.35%, followed by a more modest rise of 1.43% in 2023. The compound annual growth rate (CAGR) over the last five years stands at 4.73%.

Looking ahead, the forecast from 2024 to 2028 predicts steady growth, with the agricultural output expected to reach €105.51 billion in 2028. The five-year forecasted CAGR is 1.1%, indicating a moderate growth rate. This forecasted growth reflects a stable upward trend in agricultural output production over the next five years.

Future trends to watch for include technological advancements in agricultural practices, the impact of climate change on crop yields, and evolving government policies. These factors could significantly influence the growth trajectory and variability in agricultural output production in France.

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