Primary Sector Of The Economy

The primary sector of the economy includes any industry involved in the extraction and production of raw materials, such as farming, logging, fishing, forestry and mining.

The primary sector tends to make up a larger portion of the economy in developing countries than it does in developed countries. For example, in 2018, agriculture, forestry, and fishing comprised more than 15% of GDP in sub-Saharan Africa but less than 1% of GDP in North America.

In developed countries the primary sector has become more technologically advanced, enabling for example the mechanization of farming, as compared with lower-tech methods in poorer countries. More developed economies may invest additional capital in primary means of production: for example, in the United States corn belt, combine harvesters pick the corn, and sprayers spray large amounts of insecticides, herbicides and fungicides, producing a higher yield than is possible using less capital-intensive techniques. These technological advances and investment allow the primary sector to employ a smaller workforce, so developed countries tend to have a smaller percentage of their workforce involved in primary activities, instead having a higher percentage involved in the secondary and tertiary sectors.

List of countries by agricultural output

Largest countries by agricultural output (in PPP terms) according to the IMF and CIA World Factbook, at peak level as of 2018
Economy
Countries by agricultural output (in PPP terms) at peak level as of 2018 (billions in USD)
(01) Primary Sector Of The Economy  China
2,101
(02) Primary Sector Of The Economy  India
1,400
(03) Primary Sector Of The Economy  Indonesia
486
(—) Primary Sector Of The Economy  European Union
352
(04) Primary Sector Of The Economy  Pakistan
284
(05) Primary Sector Of The Economy  Nigeria
253
(06) Primary Sector Of The Economy  Brazil
209
(07) Primary Sector Of The Economy  Russia
196
(08) Primary Sector Of The Economy  United States
185
(09) Primary Sector Of The Economy  Iran
162
(10) Primary Sector Of The Economy  Turkey
155
(11) Primary Sector Of The Economy  Egypt
154
(12) Primary Sector Of The Economy  Thailand
109
(13) Primary Sector Of The Economy  Vietnam
108
(14) Primary Sector Of The Economy  Bangladesh
108
(15) Primary Sector Of The Economy  Argentina
101
(16) Primary Sector Of The Economy  Mexico
100
(17) Primary Sector Of The Economy  Philippines
92
(18) Primary Sector Of The Economy  Myanmar
89
(19) Primary Sector Of The Economy  Algeria
87
(20) Primary Sector Of The Economy  Malaysia
84

The twenty largest countries by agricultural output (in PPP terms) at peak level as of 2018, according to the IMF and CIA World Factbook.

See also

Notes

References

Further reading

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Primary Sector Of The Economy List of countries by agricultural outputPrimary Sector Of The Economy Further readingPrimary Sector Of The EconomyFarmingFishingForestryIndustry (economics)LoggingMiningRaw materials

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