12/07/2018
Country risk and economic studies
COUNTRY SECTOR SUMMARY - November 2018 - Agri-Food
Agriculture accounted for 0.7% of UK’s GDP and 1.5% of employment in 2017 Total income from farming (the income left to farmers when all costs are deducted) increased by 41% to GBP 5.7 billion. This significant growth is due to favourable market conditions and British agri-food actors’ competitiveness resulting from the pound’s depreciation, as well as a rise in crop production due to favourable weather conditions.
