{"id":4219,"date":"2023-04-08T14:17:33","date_gmt":"2023-04-08T13:17:33","guid":{"rendered":"https:\/\/www.agriculturelore.com\/?p=4219"},"modified":"2023-04-08T14:17:33","modified_gmt":"2023-04-08T13:17:33","slug":"how-much-of-the-us-economy-is-agriculture","status":"publish","type":"post","link":"https:\/\/www.agriculturelore.com\/how-much-of-the-us-economy-is-agriculture\/","title":{"rendered":"How much of the us economy is agriculture?"},"content":{"rendered":"

In the United States, agriculture accounts for a small but significant portion of the economy. The agricultural sector contributes approximately 1% to the country’s GDP, making it the 12th largest sector in the economy. The sector employs a little over 2 million people, or 1% of the workforce. While the agricultural sector is not as large or as important as it once was, it still plays an important role in the US economy.<\/p>\n

The United States Department of Agriculture (USDA) reports that the agricultural sector accounted for 1 percent of the U.S. gross domestic product (GDP) in 2012.<\/p>\n

Where does the US rank in agriculture? <\/h2>\n

The top five US states for agricultural cash receipts are California, Iowa, Texas, Nebraska and Illinois. California produces the most food in the US, followed by Iowa, Texas, Nebraska and Illinois.<\/p>\n

The agriculture sector in the United States has seen a slight decline in its contribution to the country’s GDP over the past few years. In 2021, it is estimated that the sector will contribute around 0.96 percent to the GDP. This is down from 1.01 percent in 2020 and 1.03 percent in 2019. The decline is attributed to a number of factors, including the impact of the coronavirus pandemic on the sector.<\/p>\n

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The service sector is the largest contributor to the US GDP, and this is expected to continue in 2021. The sector is estimated to contribute 7.76 percent to the GDP in 2021, up from 7.75 percent in 2020. The sector has been growing steadily in recent years, and this is expected to continue in the coming years.<\/p>\n

The industry sector is expected to see a slight decline in its contribution to the US GDP in 2021. The sector is estimated to contribute 17.88 percent to the GDP in 2021, down from 18.03 percent in 2020. The decline is attributed to the impact of the coronavirus pandemic on the sector.<\/p>\n

What percentage does agriculture contribute to GDP <\/h3>\n

The agricultural sector is the backbone of the economy, contributing approximately 33 percent of Kenya’s Gross Domestic Product (GDP). The agriculture sector employs more than 40 percent of the total population and 70 percent of the rural population. The sector is a major source of foreign exchange earnings and contributes to the country’s food security. The main crops grown in Kenya include maize, wheat, rice, sorghum, millet, pulses, potatoes, sugarcane, coffee, tea, cotton, sisal, pyrethrum, horticultural crops, and livestock. The government is committed to the development of the agricultural sector and has put in place various policies and programmes to support the sector. These include the Kenya Agricultural Policy (KAP), the Kenya Agricultural Development Strategy (KADS), the National Agricultural Extension Policy (NAEP), and the National Livestock Policy (NLP). The government is also implementing the Agricultural Sector Development Strategy (ASDS), which is aligned to the national Vision 2030.<\/p>\n

Agriculture is responsible for producing the food that we eat, so it is vital for the security and health of a country’s population. Increasing production levels will help to ensure that there is enough food for everyone. There are many ways to increase agricultural production, such as using better farming techniques, investing in new technology, and providing training and support to farmers.<\/p>\n

Which country is no 1 in agriculture? <\/h2>\n
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China is one of the world’s leading producers of agricultural products, with a production volume that ranks first or second in the world for many products. The country has a large arable land area and a large population to support, so it is not surprising that it is such a major player in the global agriculture market. Some of the main products that China produces include fruit, vegetables, cereals, cotton, eggs, and poultry. China’s agriculture production is an important part of the country’s economy and provides food and other products for both the domestic market and for export.<\/p>\n

There is a great variety of vegetables consumed all over the world. Some of the most popular vegetables include chickpeas, pulses, cauliflowers, broccoli, and eggplant. India is a major producer and consumer of vegetables, with chickpeas, pulses, and eggplant being particularly important in the Indian diet. Turkey is also a major producer of vegetables, with chickpeas and pulses being the most important. China is the leading producer of cauliflowers and broccoli, and is also a major producer of eggplant.<\/p>\n

What is the backbone of the U.S. economy? <\/h2>\n

It is essential to our national competitiveness that we have a strong manufacturing sector. Our ability to innovate and create products, tools, and services that transform the way we live and operate is key to our success as a country. We must continue to invest in our manufacturing base and support our manufacturers so that they can compete in the global marketplace.<\/p>\n

The budget for the federal government is derived from a variety of sources. The three largest categories are individual income taxes, Social Security and Medicare taxes, and payments to federal agencies. Together, these three categories account for over 86% of the government’s total revenue.<\/p>\n

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Individual income taxes are the largest source of revenue for the federal government, accounting for over 52% of the total so far in FY 2023. Social Security and Medicare taxes are the second largest source, making up 34% of the total. The third largest source of revenue is payments to federal agencies, which account for just over 10% of the total.<\/p>\n

There are a number of other smaller sources of revenue as well, including excise taxes, corporate income taxes, and interest on the government’s debt. Together, these other sources account for less than 2% of the government’s total revenue.<\/p>\n

What is America’s biggest industry <\/h3>\n

The list of the biggest industries by revenue in the US in 2023 has been released. Health & Medical Insurance is in the lead, with Commercial Banking taking second place. New Car Dealers are in third place, followed by Life Insurance & Annuities and Pharmaceuticals Wholesaling. Public Schools are in sixth place, followed by E-Commerce & Online Auctions and Gasoline & Petroleum Wholesaling.<\/p>\n

The World Bank’s “Agriculture GDP” Country rankings measures the total value of a country’s agricultural output. The United States is ranked number one, with a GDP of over $174 billion dollars. China is ranked second, with a GDP of just under $1 trillion dollars.