In 2023, the Agricultural Products and Livestock Gross Value Added in Belgium stood at 2.97 billion euros. Reviewing trends from 2013 to 2023 reveals fluctuations, with significant year-on-year variations. Notable increases include 2015 (+11.76%) and 2019 (+16.13%), while years like 2013 and 2014 saw declines of -11.76% and -4.43% respectively. Over the last two years (2022-2023), variations included a decline in 2022 (-4.76%) and a slight increase in 2023 (+0.33%). The Compound Annual Growth Rate (CAGR) over the preceding five years was 2.36%.
Future projections for 2024 to 2028 indicate modest growth, with a forecasted 5-year CAGR of 0.25% and overall growth rate of 1.25%. Monitoring trends such as climate change impact, technological advancements in agriculture, and shifts in trade policies will be crucial for understanding future variations in Belgium’s agricultural sector.