In 2023, the Gross Value Added from Agricultural Products and Livestock in Germany stood at 21.89 Billion Euros, indicating a 0.68% year-on-year increase from 2022. Analyzing trends over the past decade, the data presents significant fluctuations in values with notable peaks in 2017 (24.1 Billion Euros) and 2019 (24.92 Billion Euros), plus a sharp decline in 2015. The average compound annual growth rate (CAGR) over the last five years shows a modest growth of 2.56% annually.
Looking ahead, forecasted data from 2024 to 2028 suggests a steady but slow increase, with a forecasted 2028 value of 22.61 Billion Euros, growing at an average annual rate of 0.51% (CAGR). This points to a period of stability and modest growth in the coming years.
Future trends to watch for include:
- Impact of climate change on agricultural yields and livestock productivity
- Technological advancements and their adoption in farming practices
- Shifts in domestic and international demand for German agricultural products
- Policy changes and subsidies impacting the agricultural sector
- Sustainable and organic farming practices gaining momentum
