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Gross domestic product and agriculture value added 2012–2021

Global and regional trends













FAO. 2023. Gross domestic product and agriculture value added 2012–2021 – Global and regional trends. FAOSTAT Analytical Brief, No. 64. Rome.






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    Gross domestic product is the most frequently quoted indicator of economic performance. It is a comprehensive measure of economic growth, as it measures the total value added generated within an economy over a specific time period. The FAOSTAT Macro Indicators data domain provides macroeconomic indicators at the country and regional levels relating to total economy; agriculture, forestry and fishing; manufacturing; agriculture sub-industry (agriculture) and manufacturing sub-industry (food and beverages products; tobacco products; food, beverages and tobacco products).According to the latest data analysed in this analytical brief, global gross domestic product expanded significantly over the past five decades, growing at an average annual rate of 3.0 percent from USD 21.6 trillion in 1974 to USD 92.6 trillion in 2023. This steady rise occurred despite a range of global disruptions, including recessions, a pandemic, and geopolitical tensions.
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    The FAOSTAT Macro Indicators database provides macroeconomic indicators at the country and regional levels relating to total economy; agriculture, forestry and fishing; manufacturing; agriculture sub-industry (agriculture) and manufacturing sub-industry (food and beverages products; tobacco products; food, beverages and tobacco products). According to the latest data analysed in this analytical brief, the global gross domestic product grew from USD 70.5 trillion in 2013 to USD 89.5 trillion in 2022, at an average annual rate of 2.7 percent that is 0.5 percent lower than in the 2003–2012 decade.
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    The FAOSTAT Macro Indicators database provides macroeconomic indicators at the country and regional levels relating to total economy; agriculture, forestry and fishing (AFF); manufacturing (MAN); agriculture sub-industry (agriculture) and manufacturing sub-industry (food, beverages and tobacco products). It releases time series for a selection of national accounts variables, including gross domestic product, gross fixed capital formation, value added of agriculture forestry and fishing and of manufacturing, gross national income, value added and gross output of agriculture sub-industry. The database also proposes additional indicators such as gross domestic product per capita, gross national income per capita, and year-on-year growth rates and shares of industries’ contribution to gross domestic product. The database includes statistics of 218 countries and territories, including former countries. FAO compiles aggregate values at the regional and global levels. The time coverage is annual from 1970 to 2020. This brief analyses global and regional trends for the period 2011-2020.

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