The output of Agriculture and Livestock Related Service Activities in Italy has shown fluctuations over the past decade. From 2013 to 2023, the annual value, measured in billion euros, experienced both declines and growths, with significant jumps, particularly from 2020 to 2021, reaching 60.41 billion euros in 2023. Notable points include a substantial rise in 2021 (6.96%) and slight declines and increases in the years before and after.
Over the last two years, year-on-year variations revealed a decline of 1.49% in 2022, followed by an increase of 1.09% in 2023. The Compound Annual Growth Rate (CAGR) for the last five years is 1.19%, indicating a modest annual growth.
Future forecasts predict a steady growth in output from 2024 to 2028, projecting to reach 63.55 billion euros by 2028 with a forecasted five-year CAGR of 0.81%. While this trend suggests continued improvement, it is advisable to monitor factors like technological advancements, climate change impacts, and policy changes which could influence future outcomes.
