AGRICULTURE SECTOR LINKED WITH INTERNATIONAL

ECONOMY FROM REPORT OF WORLD BANK:

AGRICULTURE SECTOR CONTRIBUTION TO GLOBAL ECONOMY:

Agriculture, through agricultural productivity and job creation as a result of its connectivity with

the rest of the economy, play an important role in contributing to economic development. It is

vital to developing countries' economies, as it is the primary source of food, revenue, and jobs

for their rural communities. When compared to other sectors, agriculture growth is two to four

times more successful in raising incomes among the poorest. Multiple primary measures, such as

revenue, wages, sales, value added, and economic multipliers, may and have been used to assess

the agricultural sector's development. Agriculture is also essential for economic growth: as it

accounted for 4% of global GDP in 2018, and can account for more than 25% of GDP in some

developed countries. According to the World Bank, agriculture is responsible for feeding 80

percent of the world's poor living in rural areas. Under the pre-COVID-19 scenario, agriculture is

projected to feed 9.7 billion people by 2050, create job opportunities for poor working adults,

and reduce extreme poverty. New IBRD/IDA contributions to agriculture and associated

industries total $5.8 billion in 2020. In 2020, 128 projects would have contributed to the

provision of agricultural assets and facilities to 7.2 million farmers. Improved farming

technology was adopted by three million farmers. On 986,000 hectares of agricultural land,

farmers increased irrigation and drainage.

 18
16.23
16 15.35

14

12

10

6 4.85 4.91
4.46
4
1.6 1.57 1.95
2 0.92
0
North EU Euro Area Europe & East Asia Latin Arab Africa Sub South Asia
America Central & Pacific America & World Sahara
Asia Carribean

Column2

The above figure depicts the proportion of economic sectors in selected global regions' gross

domestic product (GDP) in 2019. Agriculture contributed 1.57 percent, industry approximately

21.76 percent, and services approximately 66.18 percent to the gross domestic product in the

Eurozone.

AGRICULTURE SECTOR CONTRIBUTION TO OTHER

INTERNATIONAL ECONOMIES:

The graphs show the agricultural sector's share of gross domestic product (GDP) in various

countries in 2019. In 2019, the agriculture sector contributed 1.6 percent of France's GDP.
 18
15.96
16

14

12

10

8 7.11

6
4.44
4 3.45

2 1.6
1.24 0.92
0.82 0.61
0
Brazil China France Germany India Japan Russia UK US

Column2

AGRICULTURE SECTOR CONTRIBUTION TO PAKISTAN ECONOMY:

The agriculture sector is a unique industry in which our way of life and our commercial activity

is combined.

Pakistan GDP Last Previous Highest Lowest Unit

GDP Annual -0.38 1.91 10.22 -1.80 percent

Growth Rate

GDP 278.22 314.57 314.57 3.71 USD Billion

GDP From 2362209.00 2342373.00 2362209.00 1775346.00 PKR Million

Agriculture

Pakistan's agriculture sector plays a vital role to the country's economy, accounting for 19.3% of

GDP and employing the majority of workers directly and indirectly. Despite the overall negative

growth, the agriculture sector increased by 2.67 percent in the current fiscal year, according to

the Economic Survey of Pakistan 2019-20. The government has set a 3.5 percent growth rate

goal for the agriculture sector for the coming year.

Wheat is one of Pakistan's most important crops. It contributes 8.9% to agricultural value

addition and 1.6 percent to Pakistan's overall GDP. In 2020, both paddy and sugarcane
experienced ups and downs. Sugarcane crop acreage was lower this year than last year, resulting

in a higher price for farmers. Reforms in the sugarcane buying process have also been

implemented, and have helped farmers significantly.

Rather than maximization of income, the agriculture sector's main priority is on ensuring food

security for our country. It provides us with a source of income and connects us to the rest of the

world. The agricultural sector's primary goal is to reduce hunger and create jobs, which is

something that every country desires.