TOTAL AG OUTPUT IN EU DOWN BY 2.8% IN 2016 – 22 NOVEMBER

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TOTAL AG OUTPUT IN EU DOWN BY 2.8% IN 2016 - 22 NOVEMBER
22 Nov 2017

TOTAL AG OUTPUT IN EU DOWN BY 2.8% IN 2016 – 22 NOVEMBER

Brussels, Brussels Daily

Economic accounts for agriculture – Total agricultural output in the EU down by 2.8% in 2016 compared with 2015 – Decrease due to falls in both animal and crop output

The economic accounts for agriculture show that total agricultural output in the European Union (EU) stood at €405.0 billion at basic prices in 2016, down by 2.8% compared with 2015. In 2016, the equivalent of 59% of the value of agricultural output generated was spent on intermediate consumption (input goods and services), while gross value added (i.e. the value of output minus the value of intermediate consumption) was the equivalent of 41% (or €165.7 bn).  More information here

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