(22 November 2017) – The economic accounts for agriculture show that total agricultural output in the European Union 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).
With €70.3 bn (or 17% of the EU total) in 2016, France had the highest total agricultural output across Member States. It was followed by Italy (€53.4 bn, or 13%), Germany (€52.9bn, or 13%), Spain (€46.8 bn, or 12%), the United Kingdom (€27.9 bn, or 7%), the Netherlands (€27.0 bn, or 7%), Poland (€22.4 bn, or 6%) and Romania (€15.4 bn, or 4%).
The 2.8% decrease in EU agricultural can be mainly attributed to a fall (by 3.3%) in the value of animal output (milk and cattle) and to the decrease of 13.5% registered for cereals.